Hot Listing
Price Reduced: Turnkey Pizzeria and Cafe in historic Lincoln Square!
Asset Sale Description
Rare opportunity to acquire a brand new pristine, fully built-out pizzeria and cafe in Chicago's desirable Lincoln Square neighborhood. This asset sale includes a completely renovated 1,700 sq ft restaurant space with premium equipment, new electrical, plumbing, modern bathroom and an exceptional below-market lease assignment.
FACILITY HIGHLIGHTS:
• Main Level (850 sq ft): Floor-to-ceiling windows, custom metallic epoxy flooring, wood-front counters, designer lighting, seating for 25
• Lower Level (850 sq ft): Full basement with expansive storage and commercial cold storage
• Private Patio (339 sq ft): Licensed seasonal seating for 20 additional guests
• Prime corner location with high visibility, foot traffic, CTA access, and dedicated parking
PREMIUM EQUIPMENT INCLUDED:
• Commercial pizza oven with Type II Hood
• Nuova Simonelli espresso machine with specialized grinders
• Walk-in freezer (basement) and walk-in cooler (main floor)
• Glass display cases, modern POS system, luxury seating
• All equipment purchased new in 2025
EXCEPTIONAL LEASE TERMS:
• $3,000/month gross rent (significantly below market)
• 10-year term commenced March 2025
• Approximately $600/month operating expenses
• Landlord covers building insurance
INVESTMENT VALUE:
• Over $150,000 invested in recent renovation completed March 2025
• Turnkey operation requiring zero additional renovation
• Architecturally designed for operational efficiency
• Perfect foundation for pizzeria, cafe, or fast-casual concept
This asset sale represents a unique opportunity to bypass the typical capital expense, permitting delays, and downtime associated with new restaurant development. The space is fully operational and ready for immediate takeover by an entrepreneur, chef, or established operator.
Note: Current brand name and proprietary recipes not included. Owners available for training and support during transition.
Asking Price: $99,000
Reason for Sale: Partnership dissolution
Established: 2024
Location: Lincoln Square, Chicago, IL
FACILITY HIGHLIGHTS:
• Main Level (850 sq ft): Floor-to-ceiling windows, custom metallic epoxy flooring, wood-front counters, designer lighting, seating for 25
• Lower Level (850 sq ft): Full basement with expansive storage and commercial cold storage
• Private Patio (339 sq ft): Licensed seasonal seating for 20 additional guests
• Prime corner location with high visibility, foot traffic, CTA access, and dedicated parking
PREMIUM EQUIPMENT INCLUDED:
• Commercial pizza oven with Type II Hood
• Nuova Simonelli espresso machine with specialized grinders
• Walk-in freezer (basement) and walk-in cooler (main floor)
• Glass display cases, modern POS system, luxury seating
• All equipment purchased new in 2025
EXCEPTIONAL LEASE TERMS:
• $3,000/month gross rent (significantly below market)
• 10-year term commenced March 2025
• Approximately $600/month operating expenses
• Landlord covers building insurance
INVESTMENT VALUE:
• Over $150,000 invested in recent renovation completed March 2025
• Turnkey operation requiring zero additional renovation
• Architecturally designed for operational efficiency
• Perfect foundation for pizzeria, cafe, or fast-casual concept
This asset sale represents a unique opportunity to bypass the typical capital expense, permitting delays, and downtime associated with new restaurant development. The space is fully operational and ready for immediate takeover by an entrepreneur, chef, or established operator.
Note: Current brand name and proprietary recipes not included. Owners available for training and support during transition.
Asking Price: $99,000
Reason for Sale: Partnership dissolution
Established: 2024
Location: Lincoln Square, Chicago, IL
Detailed Information
- Years in Operation
- 2
- Facilities & Assets
- Space Condition: Pristine "Second Generation" restaurant space requiring zero renovation. 1 yr old buildout.
Interior Design: Modern, inviting build-out suitable for fast-casual dining. 25 seats
Outdoor Dining: Includes a private patio (highly coveted in the neighborhood).
Location: Situated on a high-traffic commercial corridor avenue with strong daytime foot traffic.
Hood: Equipped with a Type II Hood.
Ovens: Commercial oven
Technology: Modern POS system for online ordering, sales tracking, and rewards management.
About the Sale
- Transition Support
- Owners willing to assist in support and training
- Seller Motivation
- Personal
Listing Info
- ID
- 2462980
- Listing Views
- 892
Attached DocumentsAttachment Disclaimer
Business Location
Listing ID: 2462980 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
















