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416 W Ontario Street C-1 , Chicago, IL 60654
$848,888
Est. Payment: $4,554.68/mo
4300 Sqft
0.11 Acres
Status: active | Days on site: 162
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House 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 ********

Highlights

Listed by Larry Lazar , 312-933-7822 Charles Rutenberg Realty of IL , 630-929-1100. Midwest Real Estate Data mls logo

Property Type

Commercial Sale

Lot/Acreage
0.11

Year Built

2003

County

Cook

Area

CHI - Near North Side

Listing ID

12540273

Questions about this listing?

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Interior Features

Air Cond:Central Air
Fireplaces:

Exterior Features

Lot Dimensions:50X100
Principal Interest
$4,555
Taxes
$2,942

Home Price

$848,888

Loan Details

30 yrs
7.08%

Down Payment

20%
$169,778
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,554.68

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,554.68 $2,941.61 $0.00 $7,496.29
Yearly $54,656.21 $35,299.28 $0.00 $89,955.49
Total $1,639,686.32 $1,058,978.40 $0.00 $2,698,664.72
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Master Chief
Lender
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Market insight data is pulled from the same city as the listing being viewed (Chicago, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-10-27T02:55:04.000Z

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