www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
12772098
12772099

49 E CERMAK RD, CHICAGO, IL 60616 For Lease

TH
IL IL 475.139834
KW Commercial Chicago - Lincoln Park
TM
IL 475184338
KW Commercial Chicago - Lincoln Park
Listed by KW Commercial Chicago - Lincoln Park
$32/SF/YR
97 days on market
Updated 2 days ago

South Loop Restaurant

Building Details
Property Type Retail, Restaurant
Tenancy Multiple
Lease Type NNN
Class B
Total Building SqFt 3,000
Year Built 1930

Spaces

1 of two 1,500 sq foot restaurant spaces

South Loop Restaurant Opportunity

Building description

PRIME RESTAURANT SPACE FOR LEASE

43–51 E. Cermak Road | Chicago, IL 60616

The Opportunity

This is the kind of location serious operators wait years to secure.

A fully built-out, professionally equipped restaurant space positioned on one of Chicago’s most strategically located corridors — at the intersection of Chinatown, the South Loop, McCormick Place, and the lakefront.

The infrastructure is already in place. The demand drivers are already established. The customer base is already moving through the corridor.

For the right operator, this is not a startup from scratch — it’s a launchpad.

Building highlights

Turnkey Standalone Restaurant | Prime South Loop Location

43–51 E. Cermak Road | Chicago, IL 60616

The Opportunity

A rare opportunity to operate two concepts under one roof in a fully built-out, high-capacity restaurant space in one of Chicago’s most active corridors.

Whether you’re looking to expand your brand, test multiple concepts, or partner with another operator to share overhead and diversify revenue streams, this layout is built for it. The ability to run dual concepts from a single location creates operational flexibility and spreads risk — a strategic advantage in today’s restaurant environment.

The Space

Approximately 3,162 square feet of purpose-built restaurant space designed for high-volume production.

This is not a vanilla box — it is a fully equipped commercial kitchen environment featuring:

  • Two 20-foot hoods and one 9-foot hood
  • Fryers, ovens, and high-output cooking lines
  • Two walk-in coolers
  • Tilt skillet and deli slicer
  • High-capacity dishwashers
  • Existing infrastructure to support multiple prep and service lines

Everything is in place to support a high-output, efficient operation — whether for one flagship concept or two complementary brands operating side by side.

Just bring your concept and finishing touches — and be open in record time.

The Location

Positioned in a high-traffic, high-visibility corridor at the intersection of the South Loop, Chinatown, and McCormick Place.

  • Half block from multiple hotels
  • Steps from McCormick Place and Wintrust Arena
  • Strong event-driven traffic year-round
  • Dense mix of apartments, condos, and senior housing
  • Significant daytime population supporting lunch and delivery demand

This location is ideally suited for takeout, delivery, and high-volume service models, with built-in demand from both residents and visitors.

Proven Restaurant Corridor

This site has a long-standing history as a restaurant location dating back to its original use by White Castle in the 1930s — a testament to the strength and consistency of this corridor for food service.

Who This Is For

  • Operators looking to maximize revenue with dual concepts
  • Groups seeking a low buildout, fast-launch opportunity
  • Chefs ready to establish a flagship presence in a high-demand market
  • Partners looking to share costs and scale together in one location

🔥

Opportunities like this — where infrastructure, location, and flexibility align — are extremely rare in the Chicago market.

Listing Contacts

TH
IL IL 475.139834
KW Commercial Chicago - Lincoln Park
TM
IL 475184338
KW Commercial Chicago - Lincoln Park
Listed by KW Commercial Chicago - Lincoln Park

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Tony Hardy
License
IL 475.139834
Brokerage
KW Commercial Chicago - Lincoln Park
Title
Regional Ambassador Mid-american & Executive Director
Brokerage Address
2211 North Elston Avenue
*All information is deemed reliable but not guaranteed. Lessee to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591