Michael Thanasouras

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

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

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

Here’s your opportunity to own UpRooted Restaurant, one of McHenry's premier fine dining destinations. Located just a quarter mile east of the Fox River on the north side of Route 120, this property is rich in history and modernized for today's culinary excellence. Originally built in 1938 and expanded through the years, this property has undergone a stunning transformation since it was purchased in 2015. This turnkey sale includes real estate, land, building, recipes, supplies, and all equipment for a seamless transition.The building was fully gutted and updated with a new roof, plumbing, electrical, and city water/sewer conversion. Handicap-accessible restrooms, a state-of-the-art kitchen, and tastefully remodeled dining and bar areas ensure a modern and comfortable guest experience. The dining room features new walls and ceilings for a welcoming ... Less

Rarely available, fully furnished freestanding restaurant with real estate for sale in downtown Evanston. Prime location with additional outdoor seating available in the warmer months. This is a confidential offering. All prospects and their representatives are required to complete and sign the attached non-disclosure agreement. Once our office receives the executed agreement, we will provide additional details regarding the property and the business. ... Less

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

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

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

Outstanding opportunity to lease a fully built-out second-generation restaurant space in the heart of Forest Park's acclaimed Madison Street dining district. This approximately 3,000-square-foot restaurant offers a turnkey opportunity for operators seeking a highly functional and inviting space with extensive existing infrastructure.The premises feature a full commercial kitchen buildout, allowing a new operator to significantly reduce startup costs and expedite opening. The spacious and bright main dining room offers an attractive atmosphere with abundant natural light, a well-appointed bar, and ample seating capacity, creating an ideal setting for both casual dining and evening service.In addition to the main dining area, the space includes a private rear dining room that is perfectly suited for private events, corporate gatherings, celebrations, or overflow seating during peak operating hours. This flexible layout provides ... Less

Rare opportunity to lease a turnkey restaurant space in the heart of Chicago’s highly desirable Bucktown neighborhood. Located at 2010 N. Damen Avenue, this approximately 1,100-square-foot commercial space is fully built out for food service and ideally suited for a quick-service restaurant, café, specialty food concept, or grab-and-go operator.The premises feature an existing Type II hood, three-compartment sink, dedicated food preparation area, and in-place refrigeration/coolers, providing a strong foundation for a new operator to open with minimal upfront buildout costs. The efficient layout was designed for quick-service operations with limited customer seating, maximizing production and service efficiency.Positioned along one of Bucktown’s premier retail corridors, the property benefits from exceptional visibility, strong pedestrian activity, and outstanding co-tenancy with established neighborhood retailers, restaurants, ... Less

This highly visible, second-generation restaurant space positions your brand at the bustling, hard corner of Montrose Avenue and Clark Street. The property commands exceptional exposure with nearly 100 feet of frontage along Clark Street and an additional 50 feet along Montrose Avenue, ensuring maximum foot and vehicular traffic.Designed to support a high-volume, full-service operation, the turnkey interior features robust infrastructure, including a 12-foot exhaust hood alongside an extensive suite of commercial cooking and refrigeration equipment. Additionally, a full basement provides ample space for dedicated storage and efficient back-of-the-house functions, allowing for an optimized, seamless restaurant layout upstairs. ... Less

Fully improved restaurant opportunity available at 1450 West Webster Avenue in the heart of Chicago’s thriving Lincoln Park trade area. The turnkey ground-floor space features an existing restaurant buildout including a small bar, full commercial kitchen, and a fully improved basement equipped for storage, refrigeration, prep, and dishwashing operations. The property offers ±39' of prime frontage along West Webster Avenue with the ability to incorporate a substantial outdoor dining component, creating exceptional street presence and customer visibility. The location benefits from strong surrounding demand drivers including Webster Place, the new Advocate Outpatient Center, and nearby DePaul University, while offering convenient access from across the city via nearby major thoroughfares and public transportation. ... Less

Dynamic, ground-floor retail/restaurant space now available at Alta at K Station luxury hi-rise apartments. Approx. 6,200 SF restaurant capable space on the ground floor of an 848-unit high-end apartment complex with over 1200 residents and a +700 car attached indoor garage. This former restaurant space has substantial infrastructure, including black iron ductwork, existing ADA-compliant bathrooms, HVAC, and electrical distributed as well as a 2nd-floor office/storage/private dining area that is included in the rent. There is also room for an 80-100-seat outdoor dining component. Great co-tenancy with Shine Kinzie Spa, Brushhaus Dental, and Akumin MRI Center. There are over 8000 residential units within a few blocks, and the property is a couple of short blocks from the Merchandise Mart and the Bally's Casino and entertainment complex, scheduled to open in early 2027. Fantastic opportunity for any traditional or service ... Less

Rare opportunity to lease a beautifully built-out 5,000 square foot restaurant space in the heart of Chicago’s highly sought-after West Loop neighborhood. Located in one of the city’s premier dining destinations, this space offers immediate operational potential with substantial restaurant infrastructure already in place. The premises feature a fully built-out commercial kitchen with extensive kitchen infrastructure in place. A lower-level area provides additional storage and refrigeration capacity, ensuring efficient back-of-house operations. ADA-compliant restrooms are already installed, allowing for seamless occupancy.The layout includes a full-service bar with excellent separation from the main dining room, creating distinct yet cohesive environments. The thoughtful floor plan allows for simultaneous bar traffic and dining service while also accommodating private events, buyouts, and group dining without disrupting daily ... Less

Two restaurant-capable spaces with parking available for lease at Pointe 1900 in Chicago's South Loop. The corner space (1,421 SF) is a second-generation restaurant space with full restaurant infrastructure, including black iron ductwork, a 12ft hood with fire suppression, and service counters. The 1,430 SF space fronts Archer Ave and has Type II venting, which could be useful for pizza, bakery, hot sandwiches, venting for electric ovens, and other potential food uses. Both spaces are in fully functional condition, ready for new tenants.The spaces are also perfect for general retail, office, and/or medical office uses. The property boasts great frontage on State. St & Archer Ave, with fantastic signage opportunities. Situated directly across the street from Perspectives Charter School. Pointe 1900 consists of 131 fully occupied residential condos plus 36,500 SF of retail space with parking. Great and varied co-tenancy includes ... Less

Prime corner restaurant space available in the heart of Chicago’s vibrant Humboldt Park neighborhood. This fully built-out, second-generation restaurant offers turnkey convenience with a complete front-of-house finish, including a stylish, fully constructed bar ready for immediate operation. The interiors are thoughtfully designed and well-maintained, providing a warm, welcoming atmosphere ideal for a wide range of dining concepts.The space features a full commercial kitchen, complete with equipment and layout suitable for high-volume service. Additional basement space provides valuable room for refrigeration, prep, and dry storage—perfect for seamless back-of-house efficiency.A standout amenity is the large private outdoor component, offering significant potential for expanded seating, events, and seasonal service. This rare outdoor feature enhances the guest experience and adds meaningful revenue opportunities.Situated in a ... Less

3245 W Fullerton offers a rare opportunity to acquire a 3-unit brick mixed-use building in the heart of Logan Square, one of Chicago’s most sought-after neighborhoods. The property features a 2,900 SF ground-floor tavern, home to The Burlington, a long-standing neighborhood favorite with strong local recognition. The sale includes the tavern business and license, providing a turnkey opportunity for an operator or investor seeking a proven hospitality concept in a prime location.Above the retail space are two large 1,200 SF three-bedroom, one-bath apartments, each offering central air. While the units are in functional condition, minor updates would allow new ownership to significantly increase rental income and further enhance the property’s value. The apartments currently do not have laundry, which presents an additional opportunity to add amenities and drive future rent growth.This property combines a stable, established ... Less

Take advantage of this 805 square foot commercial space in the heart of Chicago’s vibrant Old Town neighborhood. Formerly used as a bakery, this versatile storefront features large display windows that flood the space with natural light—perfect for showcasing your business. Surrounded by strong area co-tenancy and just steps from public transportation, this high-visibility location offers excellent foot traffic and accessibility. Ideal for retail, boutique food concepts, or service-based businesses looking to thrive in one of the city’s most desirable commercial corridors. ... Less

Architecturally distinctive retail condominium featuring a sleek, butt-glazed glass storefront that offers strong visibility and modern curb appeal. The space benefits from 12’ ceiling heights, creating an open, light-filled environment well-suited for retail or showroom use. Built-in functionality includes a handicap-accessible washroom, kitchenette, 200-amp electrical service, and an electric water heater. Ideal for owner-users or investors seeking a turnkey retail presence in a high-traffic corridor. Also available for lease at $32 PSF NNN. ... Less

Introducing a premier investment opportunity in the thriving Joliet area. This recently redeveloped 3,339 SF building features new state-of-the-art equipment, an indoor dining room, spacious outdoor patio space, and a convenient drive-thru. The property is equipped with a high-end grease drainage system and soda system, ensuring operational efficiency and promoting employee safety. Durock walls throughout provide top-tier durability. With its thoughtful design and premium amenities, this property is perfectly tailored for a restaurant investor seeking a turnkey opportunity in a prime location. Don't miss out on the chance to elevate your business with this exceptionally built property. Price includes: FF&E Corporation License with Alcohol and Gaming. ... Less

SVN Chicago Commercial is pleased to present an amazing second-generation restaurant/retail opportunity in downtown Evanston, IL - steps to the Northwestern University campus. This ±10,000 SF space has served Chicago's North Shore community as a restaurant space for many years. The space is both a fully functional ±7,500 SF restaurant space along a connected ±2,500 SF bar/taproom. The spaces can be leased separately. Substantial existing infrastructure is included in the lease including a hood with black-iron venting, walk-in coolers and freezer, prep tables, cooking appliances, tables, chairs, etc. The main restaurant space has a large center bar and the smaller bar space is set up as a tap room. There is also a full basement under the space for storage, back of the house, etc. This opportunity also comes with a parking lot adjacent to the property that can be used for valet on nights and weekends. The property could also be ... Less

Flagship second-generation restaurant/hospitality space in the heart of Chicago's Streeterville neighborhood. Join Target, Carson’s Ribs, Cupitol, Robert's Pizza and Wu's Korean BBQ (coming soon) at The Lofts at River East – one of Chicago’s most unique and sought-after retail/restaurant locations. This ±33,000 SF space can be demised into two spaces of ±8,000 and ±25,000 SF. The site has been the long-time home of a national bowling, bocce, dining and special event facility and sits beneath 285 luxury loft apartments. The ground-level portion of the space has access to an outdoor seating area on the Ogden slip docks and is one of the only waterside dining opportunities available in Chicago. ... Less