Downtown Clarendon Hills Restaurant w/ TIF Opportunity
Spaces
Aapproximately 5,300 SF on the first floor plus a full basement for kitchen, events or additional concept, creating an efficient, turnkey layout for full-service operations. Walkable downtown location provides the visibility and customer base operators seek.
Downtown Turnkey Restaurant w/ TIF Opportunity
Building description
A rare opportunity to lease a fully built-out, updated restaurant space in the heart of Downtown Clarendon Hills. Positioned within one of Chicagoland’s most affluent suburban downtowns, this offering combines an existing restaurant buildout, walkable location, aggressive Village TIF support, and a strong surrounding dining demographic.
Space Approx. 5,381 SF first floor + Full Basement for events or 2nd concept + Expanded Outdoor Dining
Lease Rate $33/SF NNN
Infrastructure Fully equipped restaurant w/ 2 kitchens, walk-in coolers, hoods, bar, electrical, sprinklers, elevator service, office
Location Walkable downtown near Metra commuter traffic with high income houesholds, #1 Place to Live in Illinois - Clarendon Hills
Aggressive Village TIF Support
The property is located within the Village’s Downtown TIF District, where Clarendon Hills has demonstrated an aggressive proactive approach toward attracting high-quality restaurant concepts. Recent downtown projects have included Village-supported incentive packages exceeding $600K, structured as true public-private partnerships focused on tax-generating hospitality uses.
Market & Demographics
Clarendon Hills and neighboring Hinsdale represent one of the strongest dining demographics in the western suburbs, featuring affluent households, strong discretionary spending, and a customer base that actively supports upscale dining concepts and experience-driven hospitality.
Building highlights
A rare opportunity to lease a fully built-out restaurant space in the heart of Downtown Clarendon Hills at 1 Walker Ave, offering approximately 5,300 SF on the first floor plus a full basement for kitchen, prep, and support, creating an efficient, turnkey layout for full-service operations. Surrounded by affluent communities including Clarendon Hills and Hinsdale—known for strong household incomes and consistent dining demand—this walkable downtown location provides the visibility and customer base operators seek. Positioned within the Village’s Downtown TIF District, qualified concepts may benefit from meaningful financial incentives that can offset buildout costs, making this a uniquely capital-efficient opportunity. Offered at $33/SF (first floor) with basement included, this space delivers a compelling combination of location, existing infrastructure, and potential municipal support rarely available in today’s suburban market.
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