Michael Thanasouras

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 breakfast chain thrives in Urban Markets and is known for its innovative approach to morning and midday meals, offering a variety of creative breakfasts, specialty juices, and its own private-label premium coffee. The atmosphere is urban and upscale, and the establishment has quickly become a popular spot for both traditional comfort foods and new culinary innovations. Their menu features a range of items from signature specialty dishes like pot roast. They also serve lunch options including salads, sandwiches, wraps, and burgers. The service is noted for being fast, dependable, and friendly. ... 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

An exciting opportunity to acquire a well-established and highly recognizable tavern concept in one of Chicago’s most vibrant and desirable neighborhoods. This fully licensed operation includes both a Tavern License and PPA License (Public Place of Amusement), providing the flexibility to offer live entertainment and a full bar experience.The space features a long-term lease in place, offering security and stability for the next operator. The facility has undergone numerous updates and renovations, showcasing modern systems, upgraded finishes, and thoughtful improvements throughout, making it truly turn-key.Located in a high-traffic area with strong co-tenancy, the tavern benefits from excellent visibility, consistent foot traffic, and an established customer base. The concept is well-known across Chicago, with a reputation for quality, atmosphere, and service – a perfect opportunity for a hands-on operator or experienced ... Less

Exceptional opportunity to acquire a fully built-out, turnkey restaurant in a highly visible corner location within a vibrant Chicago neighborhood. This well-positioned space offers outstanding street presence, strong pedestrian traffic, and easy access for local patrons.The property features a large outdoor dining area, perfect for maximizing seasonal revenue and enhancing customer experience. Recently renovated, the restaurant boasts a modern, fully updated facility with top-tier equipment and infrastructure already in place. All required city licenses and permits are active and transferable, streamlining the transition for a new operator.A long-term lease with favorable occupancy costs offers stability and value in a competitive market. Whether you're an experienced operator looking to expand or a new entrant ready to hit the ground running, this is a rare opportunity to step into a thriving space with minimal downtime. ... 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

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

Available for lease. Great restaurant or business opportunity in the heart of Evanston’s highly desirable Central St corridor with approved plans for redevelopment. This 2,500 sq ft building situated on a generous 9,375 sq ft lot has entitlements for a restaurant facility that will seat approx. 70 people indoors and over 100 people outdoors. This corner property offering boasts high visibility, excellent foot traffic, and proximity to boutiques, cafes, Metra, and Northwestern University. Ideal for restaurant/hospitality uses with ample space for parking and outdoor seating. This landmarked property has had it's renovation approved by the City of Evanston's Landmark Preservation Commission. Surrounded by a thriving mix of residences and small businesses. Don’t miss this chance to invest in one of Evanston’s most vibrant and walkable neighborhoods. Seller is a licensed Illinois Real Estate Broker. ... 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