Contact Broker
Broker Biography
Business For Sale Listings
Chicago, IL
View Details 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. Less
Chicago, IL
View Details 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 Less
Chicago, IL
View Details 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. Less
Chicago, IL
View Details 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. Less
Chicago, IL
View Details Hyde Park Restaurant For Sale
This 2,996 SF, fully built-out restaurant offers a rare turnkey opportunity in a high-demand area. The space features a large, professionally equipped commercial kitchen, walk-in coolers, and a thoughtfully designed dining room complemented by a stylish bar and inviting outdoor seating. Currently operating as a full-service establishment with incidental alcohol sales, the layout and infrastructure are highly adaptable to a variety of hospitality concepts—from upscale French bistro to modern Indian cuisine. Surrounded by strong area demand generators, this location offers excellent visibility and foot traffic, making it ideal for a new or expanding restaurateur. This is an asset sale and lease assignment. The purchase price does not include the trade name Bob's Pizza. Less
Chicago, IL
View Details 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. Less
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.



