416 W Ontario St, Chicago, IL 60654

Turnkey Restaurant Space | Approximately 4,300 SF | Fully Equipped | River North

An outstanding opportunity to acquire a fully built-out and equipped turnkey restaurant space located in the heart of River North, one of Chicago's premier dining and nightlife districts. Offering seating for over 50 guests, this property is situated on the ground floor of a boutique loft building at 416 W Ontario St, Unit C 1, featuring approximately 4,300 square feet with 15-foot ceilings, exposed brick walls, and excellent street-level visibility. The space is ready for immediate occupancy.

This retail condo, previously operated as a restaurant, presents excellent potential either for continued dining operations or for various other retail uses. The premises are in exemplary, move-in condition, with a substantial portion of furniture, fixtures, and equipment included. Covering 2,797 square feet, the property benefits from high ceilings which provide an open and inviting ambience. The layout incorporates two ADA-compliant restrooms and an outdoor seating area suitable for alfresco dining.

Features and Inclusions:

· Full commercial kitchen: 22-foot ventilation hood, cook line, walk-in cooler, prep station, dishwashing area

· Comprehensive kitchen equipment: ranges, ovens, fryers, sinks, refrigeration units

· Dining room furnishings: tables, chairs, host stand, bar equipment

· Complete smallware’s package: plates, bowls, silverware, glassware, cooking tools, serving utensils

· Two ADA-compliant restrooms

· Permitted outdoor patio seating, ideal for seasonal outdoor dining

· Central air conditioning, wood flooring, and loft-style architectural features

· FF&E package (Furniture, Fixtures & Equipment) included for immediate restaurant use

Location Highlights:

· Situated in vibrant River North, steps from LaSalle & Ontario

· Surrounded by established restaurants, nightlife venues, galleries, and upscale residences

· High pedestrian traffic, robust daytime office population, and active evening dining scene

· Convenient access to CTA, expressways, and downtown Chicago

Property Overview:

· Total Size: Approximately 4,300 SF

· Built-Out Area: Approximately 2,797 SF dedicated to dining and kitchen space

· Zoning: B3 - suited for restaurant, retail, lounge, or cafe operations

· Previously functioned as a full-service restaurant, minimising delays due to buildout requirements

Ideal For:

· Restaurateurs seeking to launch a new concept without significant initial investment

· Existing operators looking to expand with additional locations

· Franchisees interested in establishing a downtown Chicago presence

· Investors pursuing a turnkey restaurant property

For further information or to arrange a private tour of 416 W Ontario #C 1, please contact us to discover first-hand the exceptional potential this property offers within the Chicago market.