Asset Sale Description
? Rare Restaurant Opportunity in German Village
It’s not often you’ll find a restaurant space available in German Village, where most concepts have thrived for decades. Located on busy 3rd Street, this premier site sits in the heart of a densely populated neighborhood within walking distance to Schiller Park.
? Highlights
Proven location: Home to Max & Erma’s for 45+ years, then Chapman’s since 2019.
Strong past performance: Averaged $2M+ in annual sales before recent closure (August, for personal reasons).
Fully remodeled in 2019: Modern finishes, fresh design, and turnkey condition.
Impressive build-out:
Chef-driven kitchen with 20’ hood, walk-in cooler/freezer, and extensive FF&E
Bar with seating
New patio
Dining room + private event space
Extras: Basement storage and optional 2nd-floor office.
Size: ~4,500 sq. ft.
Liquor: D5/D6 permits
Lease: $30/sq. ft. + expenses
? Asset Sale: Bring your own name and concept — the stage is set.
? Act quickly: Prime restaurant real estate in German Village rarely hits the market.
It’s not often you’ll find a restaurant space available in German Village, where most concepts have thrived for decades. Located on busy 3rd Street, this premier site sits in the heart of a densely populated neighborhood within walking distance to Schiller Park.
? Highlights
Proven location: Home to Max & Erma’s for 45+ years, then Chapman’s since 2019.
Strong past performance: Averaged $2M+ in annual sales before recent closure (August, for personal reasons).
Fully remodeled in 2019: Modern finishes, fresh design, and turnkey condition.
Impressive build-out:
Chef-driven kitchen with 20’ hood, walk-in cooler/freezer, and extensive FF&E
Bar with seating
New patio
Dining room + private event space
Extras: Basement storage and optional 2nd-floor office.
Size: ~4,500 sq. ft.
Liquor: D5/D6 permits
Lease: $30/sq. ft. + expenses
? Asset Sale: Bring your own name and concept — the stage is set.
? Act quickly: Prime restaurant real estate in German Village rarely hits the market.
Detailed Information
- Years in Operation
- 6
- Facilities & Assets
- 4500 sq ft
Kitchen with 20' Hood
Walk in cooler/freezer
FF&E
patio
bar with seating
Dining room with private room
About the Sale
- Seller Motivation
- Restaurant closed
Listing Info
- ID
- 2411862
- Listing Views
- 31
Attached DocumentsAttachment Disclaimer
Listing ID: 2411862 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.
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