# 420 W Belmont Avenue, Chicago, IL 60657

> **TL;DR:** commercial, $649,000.
> A/C. Est. $2,812/mo. Listed 12 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $649,000 |
| Lot Size | 18,151 sqft (0.42 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 12 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,812 |
| **Total** | **$2,812** |

## Key Amenities

- A/C

## Property Highlights

- 0.42 acre lot

## Description

### Agent Description
***TURNKEY RESTAURANT OPPORTUNITY | EAST LAKEVIEW | BELOW-MARKET LEASE 2,176 SF | 80 Seats | Ground Floor | 42-Story High-Rise | Belmont Ave ** Rare opportunity to assume a below-market lease in one of Chicago's strongest dining corridors, with current total rent of approximately $5,600/month against a submarket average of $7,400+/month NNN for comparable spaces. With 18,000-25,000 vehicles per day, dense residential population, commuter traffic off Lake Shore Drive, and direct proximity to Belmont Harbor, the Lakefront Trail, and Wrigleyville. The space is fully turnkey following a $600,000+ buildout completed in 2020, encompassing the commercial kitchen, draft beer line system, decor, branding, and operational infrastructure. The lease includes two ADA-compliant restrooms, one dedicated garage parking space, and a recently renewed liquor license. The sale includes significant business assets: a transferable customer database of 55,000+ email and SMS subscribers, 25,000+ social media followers, along with established branding, recipes, a website, marketing assets, and operational systems. Value-add opportunities exist through expanded operating hours, catering, private events, alcohol sales, delivery, and retail products. This is an ideal acquisition for an owner-operator, restaurant group, cafe concept, cocktail lounge, or hospitality operator seeking a proven, high-visibility location in East Lakeview. Please do not contact on-site staff directly. Click on "Additional Information" to download the brochure.

## Location

- **Address:** 420 W Belmont Avenue, Chicago, IL 60657
- **County:** Cook

## Listing Agent

- **Name:** Tuyen Nguyen
- **Brokerage:** Chicago Real Estate Resources
- **Phone:** (773) 327-9300
- **Email:** tuyen.chicagocre@gmail.com

## Primary Photo

![420 W Belmont Avenue - Primary Photo](http://lh.rdcpix.com/bdcb27fa506af51f30dcdd2bb4da9389l-f2713767450r.jpg)

*3 total photos available on [listing page](https://www.propertysimple.com/listing/420-w-belmont-avenue-chicago-il-60657-12654486)*

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**MLS#:** 12654486 | **Updated:** 2026-06-18
**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.com/listing/420-w-belmont-avenue-chicago-il-60657-12654486)

---

## Structured Data

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  "name": "420 W Belmont Avenue, Chicago, IL 60657",
  "description": "***TURNKEY RESTAURANT OPPORTUNITY | EAST LAKEVIEW | BELOW-MARKET LEASE 2,176 SF | 80 Seats | Ground Floor | 42-Story High-Rise | Belmont Ave ** Rare opportunity to assume a below-market lease in one of Chicago's strongest dining corridors, with current total rent of approximately $5,600/month against a submarket average of $7,400+/month NNN for comparable spaces. With 18,000-25,000 vehicles per day, dense residential population, commuter traffic off Lake Shore Drive, and direct proximity to Belm",
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  "datePosted": "2026-06-18",
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