# 416 W Ontario Street #C-1, Chicago, IL 60654 > **TL;DR:** commercial, $848,888, built 2003. > A/C. Est. $4,540/mo. Listed 298 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $848,888 | | Year Built | 2003 | | Lot Size | 5,001 sqft (0.11 acres) | | Stories | 1 | | Property Type | Commercial (Retail) | | Status | Active | | Days on Market | 298 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,292 | | Estimated Insurance | $248 | | **Total** | **$4,540** | ## Key Amenities - A/C ## Property Highlights - Built in 2003 - 0.11 acre lot ## Description ### Agent Description ***** FOR SALE or LEASE **** Turnkey Restaurant Space | Approx. 4,300 SF | Fully Equipped | River North ****** Bring your concept and OPEN IMMEDIATELY - this is a rare opportunity to own a fully built-out, fully equipped, turnkey restaurant space in the heart of River North, one of Chicago's most sought-after dining and nightlife destinations with Seating for 50+ ************** Located on the ground floor of a boutique loft building at 416 W Ontario St, Unit C 1 offers approx. 4,300 sq ft of restaurant space with 15-foot ceilings, exposed brick, and outstanding street-level visibility. This space comes complete with EVERYTHING you need to start operating TODAY!!!! ************ This exceptional retail condo in the heart of River North, formerly a restaurant, presents a prime opportunity for a variety of retail uses or to continue as a dining establishment. * The space is in immaculate, turn-key condition, with much of the furniture, fixtures, and equipment already in place. * Covering 2,797 square feet, the property boasts soaring ceilings that create an open, welcoming atmosphere. * The thoughtfully designed layout includes two ADA-compliant restrooms and a delightful outdoor seating area, perfect for alfresco dining!! ************** Truly Turnkey - What's Included: * Full commercial kitchen: 22' ventilation hood, cook line, walk-in cooler, prep station, dishwashing area * All kitchen equipment: Ranges, ovens, fryers, sinks, refrigeration units - ready to go * Dining room furnishings: Tables, chairs, host stand, bar equipment * All smallware's: Plates, bowls, silverware, glassware, cooking tools, serving utensils - all included * Two ADA-compliant restrooms * Outdoor patio seating permitted - ideal for seasonal alfresco dining * Central air conditioning, wood flooring, and loft-style architectural details * Includes FF&E package (Furniture, Fixtures & Equipment) turnkey for restaurant use ***************** Location, Location, Location * Situated in bustling River North just steps from LaSalle & Ontario * Surrounded by established restaurants, nightlife, galleries, and high-end residences * Heavy foot traffic, strong daytime office and evening dining population * Easy access to CTA, expressways, and downtown ******************* Space Details * Total Size: Approx. 4,300 SF * Built-Out Area: Approx. 2,797 SF fully finished dining + kitchen area * Zoning: B3 - ideal for restaurant, retail, lounge, or cafe * Previously operated as a full-service restaurant - no costly buildout delays ************ Perfect For: * Restaurateurs ready to launch a new concept without the upfront cost * Established operators expanding to a second (or third) location * Franchisees looking for a downtown Chicago footprint * Investors seeking a plug-and-play restaurant property ******************* Move Fast * Inventory like this doesn't come along often in the heart of River North, one of Chicago's most sought-after dining and nightlife destinations. * Save time, save money, and skip the buildout headaches - this space is truly ready for your team to unlock the doors and start serving on Day One!! **************** CALL today to schedule a private tour and see firsthand what makes 416 W Ontario #C 1 a standout opportunity in the Chicago market. ***** FOR LEASE or SALE ******** ## Location - **Address:** 416 W Ontario Street #C-1, Chicago, IL 60654 - **County:** Cook ## Listing Agent - **Name:** Larry Lazar - **Brokerage:** Charles Rutenberg Realty - **Broker Phone:** (630) 929-1100 - **Listing URL:** [View original listing](http://www.charlesrutenbergre.com/IDXMini.aspx?SegmentID=4382980&uid=86862&mlsid=MLSNI&mlstableid=MLSNIALR&htmlfile=1228933.html&op=add&lstPropType=4382980&listprice1=1&listprice2=999999999&mlsnum=12540273&sorting=listprice%20desc&) ## Photos ![416 W Ontario Street #C-1 - Photo 1](http://lh.rdcpix.com/8c3e926449a41aed302b4a2ec823c5ccl-f2587032643r.jpg) ![416 W Ontario Street #C-1 - Photo 2](http://lh.rdcpix.com/8c3e926449a41aed302b4a2ec823c5ccl-f2928346045r.jpg) ![416 W Ontario Street #C-1 - Photo 3](http://lh.rdcpix.com/8c3e926449a41aed302b4a2ec823c5ccl-f4063840436r.jpg) ![416 W Ontario Street #C-1 - Photo 4](http://lh.rdcpix.com/8c3e926449a41aed302b4a2ec823c5ccl-f2894435467r.jpg) ![416 W Ontario Street #C-1 - Photo 5](http://lh.rdcpix.com/8c3e926449a41aed302b4a2ec823c5ccl-f3483088754r.jpg) ![416 W Ontario Street #C-1 - Photo 6](http://lh.rdcpix.com/8c3e926449a41aed302b4a2ec823c5ccl-f496512757r.jpg) ![416 W Ontario Street #C-1 - Photo 7](http://lh.rdcpix.com/8c3e926449a41aed302b4a2ec823c5ccl-f3392622708r.jpg) ![416 W Ontario Street #C-1 - Photo 8](http://lh.rdcpix.com/8c3e926449a41aed302b4a2ec823c5ccl-f3235125978r.jpg) ![416 W Ontario Street #C-1 - Photo 9](http://lh.rdcpix.com/8c3e926449a41aed302b4a2ec823c5ccl-f2462293729r.jpg) ![416 W Ontario Street #C-1 - Photo 10](http://lh.rdcpix.com/8c3e926449a41aed302b4a2ec823c5ccl-f4162600612r.jpg) ![416 W Ontario Street #C-1 - Photo 11](http://lh.rdcpix.com/8c3e926449a41aed302b4a2ec823c5ccl-f2822650661r.jpg) ![416 W Ontario Street #C-1 - Photo 12](http://lh.rdcpix.com/8c3e926449a41aed302b4a2ec823c5ccl-f3335591947r.jpg) ![416 W Ontario Street #C-1 - Photo 13](http://lh.rdcpix.com/8c3e926449a41aed302b4a2ec823c5ccl-f2900685376r.jpg) --- **MLS#:** 12540273 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/416-w-ontario-street-chicago-il-60654-a95f6c442a3549cdac9e8b600d076b77) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/416-w-ontario-street-chicago-il-60654-a95f6c442a3549cdac9e8b600d076b77#listing", "url": "https://www.propertysimple.ai/listing/416-w-ontario-street-chicago-il-60654-a95f6c442a3549cdac9e8b600d076b77", "name": "416 W Ontario Street #C-1, Chicago, IL 60654", "description": "***** FOR SALE or LEASE **** Turnkey Restaurant Space | Approx. 4,300 SF | Fully Equipped | River North ****** Bring your concept and OPEN IMMEDIATELY - this is a rare opportunity to own a fully built-out, fully equipped, turnkey restaurant space in the heart of River North, one of Chicago's most sought-after dining and nightlife destinations with Seating for 50+ ************** Located on the ground floor of a boutique loft building at 416 W Ontario St, Unit C 1 offers approx. 4,300 sq ft of restaurant space with 15-foot ceilings, exposed brick, and outstanding street-level visibility. 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