Marcus Sullivan

Sperry Van Ness

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svnchicago.com


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Chicago, Illinois

Affiliated Broker
Michael Thanasouras

About the Company

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Business For Sale Listings

$2,225,000
Chicago, IL 
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Mixed-Use Building with Tavern Business on Chicago's Northside

Rare opportunity to acquire both a well-established restaurant/tavern business and a prominent corner mixed-use property in the heart of a highly desirable Chicago North Side neighborhood. This two-story, mixed-use building features a fully operational ground-floor restaurant and two updated, fully occupied residential apartments on the second floor, providing immediate rental income and long-term investment stability. The restaurant is offered as a turnkey operation with all required licenses and permits in place. The space features an updated commercial kitchen, an inviting dining room with seating for up to 99 guests, and a spacious outdoor dining component that enhances both capacity and customer appeal. The business has successfully operated in the neighborhood for more than two decades, earning a loyal customer base and strong community presence.The business also has the exclusive use of a full basement for office, 

$295,000
Chicago, IL 
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Confidential Restaurant Offering

Rare opportunity to acquire a fully improved restaurant and bar located in a well-known, established North Side Chicago neighborhood. This turnkey hospitality venue features over 3,000 square feet of interior space, a massive private outdoor area, and additional basement space offering valuable storage and operational flexibility.The property is equipped with a commercial kitchen, substantial bar presence, and existing restaurant infrastructure, making it ideal for a wide range of hospitality concepts. Whether repositioning an existing brand or launching a new venture, this versatile location can be easily adapted to suit numerous food, beverage, and entertainment uses while benefiting from a strong neighborhood presence and loyal local customer base.Confidential offering – additional details available upon request. 

$1,300,000
Chicago, IL 
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Confidential Restaurant Business Sale

The subject business is an established, turnkey restaurant and bar opportunity located in a well-known Chicago neighborhood. Established in 2011, this highly regarded concept has built a loyal following and strong brand recognition, earning a reputation for its award-worthy food options with a unique and highly differentiated menu offering that consistently drives repeat business.The restaurant delivers powerful and diversified revenue streams, including robust dine-in traffic, a highly desirable and revenue-generating outdoor patio, strong bar sales, and a well-established pickup and delivery operation. Its inviting atmosphere, neighborhood appeal, and operational consistency have translated into impressive gross sales and meaningful net income year after year.With over a decade of proven financial performance, an established customer base, and streamlined operations in place, this business represents a rare opportunity to 

$125,000
Chicago, IL 
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Lincoln Square Corner Restaurant For Sale

Positioned on a prominent corner in the heart of Lincoln Square, this 1,600 SF restaurant presents a rare opportunity to acquire a long-standing, fully built-out space in one of Chicago’s most vibrant dining corridors. The location benefits from exceptional visibility and steady foot traffic, with a concept that has successfully operated here for over two decades—underscoring the strength and consistency of the site. The space features a full commercial kitchen and includes all in-place licenses, including a retail food incidental liquor license and a sidewalk café permit. With seating for 50 guests inside and a substantial outdoor dining component, this turnkey offering is ideally suited for an operator looking to step into an established, high-demand neighborhood with immediate upside potential. 

$125,000
Chicago, IL 
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West Town Second Gen Restaurant

Second-Generation Restaurant & Bar Opportunity – West TownRare opportunity to acquire a fully built-out, second-generation restaurant and bar space in the heart of Chicago’s vibrant West Town neighborhood. The property features an active license set, including a Tavern License, Retail Food License, and Outdoor Patio License, allowing for immediate operation.The space offers occupancy across two floors, with a large ground-floor bar, an additional second-floor bar, and flexible layouts ideal for private parties, pop-ups, or small events. An outdoor patio provides added seating and strong seasonal revenue potential.With its versatile configuration, strong infrastructure, and long-term, reasonably priced lease, this turnkey opportunity is well-suited for a variety of concepts, including full-service dining, cocktail bar, event-driven venue, or hybrid hospitality use. 

$195,000
Chicago, IL 
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Established Corner Bar/ Restaurant Concept

Uncover the potential of this captivating 3,000 SF bar and grill concept located in one of Chicago's most well-known neighborhoods. The well-established location presents an exceptional opportunity for prospective hospitality investors/operators. Offers ample space to craft a bespoke full-service experience. A captivating blend of timeless architecture and modern possibilities, this property provides a premier canvas to create a standout hospitality venture. Embrace the allure of this iconic building and position yourself at the forefront of Chicago's vibrant hospitality market. 

Tim Rasmussen Serving Cook County, IL

Tim Rasmussen serves as an Associate Advisor for Sperry Van Ness LLC, specializing in the sale and lease of commercial hospitality property throughout the Chicago metropolitan area. Mr. Rasmussen has been both a developer and a restaurant owner, and understands all sides of real estate development. Prior to joining Sperry Van Ness, Rasmussen was Principal of Chicago Restaurant Corporation for 20 years, owning and operating a string of popular Chicago restaurants including Anteprima, Acre, Ombra, Joe’s Be-Bop Café, Charlie’s Ale House, and Carlucci Restaurant. During that time he was also continuously active as Managing Broker of Rasmussen Realty Advisors, a development company. Recent projects include the transformation of a 22,000 square foot parking garage in Chicago's Andersonville neighborhood into a mixed use retail and light manufacturing building. Tenants include Athletico, Uptown Animal Hospital and a Metropolis Coffee roasting facility; and the renovation of a 6,200 square foot former resale shop into a multi-tenant retail and office building. Recent transactional work includes the sale of a two acre site in Wheaton, Illinois, to Chick-fil A, and a catering facility to Aramark. In an earlier role as Executive Vice President of Leasing for Hawthorn Realty Group, Rasmussen oversaw an 8.5 million square foot portfolio of office and industrial properties in Rosemont, Lincolnshire, Lincolnwood, and Oak Brook, among other locations. A licensed real estate broker in Illinois since 1993, Rasmussen is a member of the International Council of Shopping Centers, and earned a Bachelor’s in Business Administration from the University of Tennessee – Knoxville.

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