Hot Listing
Price Reduced: Turnkey 2nd Gen Cafe & Pizzeria Asset/Lease Sale
Business Description
This is an rare opportunity to acquire a pristine, fully built-out, and recently fully renovated "2nd Gen" restaurant space located at a highly visible, high-traffic corner in the heart of one of Chicago’s most desirable North Side neighborhoods.
Please note: This is a highly confidential asset sale and lease assignment; therefore, the current operating brand name and proprietary recipes are explicitly not included in the sale. This offering provides an entrepreneur, chef, or established operator the perfect, turnkey foundation to launch their own cafe, pizzeria, or fast-casual concept without enduring the massive capital expense, exhaustive permitting delays, and lengthy downtime associated with a ground-up build.
The Build-Out & Facility:
The space underwent a comprehensive, "down to the studs" high-end renovation that was completed in March 2025. With over $150,000 invested in the build-out, the facility features brand-new plumbing, electrical systems, and a modern bathroom, it requires absolutely zero renovation.
- Main Level (850 sq. ft.): Features massive floor-to-ceiling windows acting as a dynamic "living billboard" to pedestrian and vehicle traffic. The interior boasts high-end finishes, including custom metallic epoxy flooring, custom wood-front counters, designer chandelier lighting, and comfortable seating for approximately 25 guests.
- Lower Level (850 sq. ft.): A full-height basement dedicated to expansive private storage and commercial cold storage.
- Outdoor Space: Includes a highly coveted 339 sq. ft. private patio with licensed seasonal seating for an additional 20 guests, maximizing warm-weather revenue.
- Accessibility: Located on a bustling avenue with strong daytime foot traffic, excellent CTA access, and dedicated parking—an absolute rarity for this densely populated neighborhood.
Premium Equipment Included:
The layout was architecturally designed for maximum operational efficiency and aesthetic appeal, perfectly supporting a streamlined counter-service model with a lean staff. All professional-grade equipment was purchased and installed brand new in 2025.
- Kitchen: Equipped with a dedicated stainless steel Type II Hood and a premium Double Deck Oven Moretti Forni - Ideck commercial stone pizza oven specifically designed for high-volume baking.
- Beverage Program: Features a professional Nuova Simonelli espresso machine and specialized grinders, currently set up with a La Colombe coffee program.
- Cold Storage: Includes a stand-alone walk-in freezer unit located in the basement for bulk inventory, plus a convenient walk-in cooler on the ground floor.
- Front of House: High-visibility glass pastry and pizza display cases facilitate quick service, paired with modern POS hardware for seamless online ordering, luxurious leather tufted lounge seating, and velvet dining chairs.
The Lease (Below Market Rate):
One of the most valuable components of this asset sale is the assumption of an incredibly competitive, below-market, long-term lease.
- Rent: $3,000/month (Gross). This is among the most highly competitive rates available for a corner lot in this district.
- Term: 10-year lease (commenced March 2025), providing exceptional long-term stability.
- OpEx: Approximately $600/month for taxes and water; Landlord covers the building insurance.
Investment Highlights:
- Pristine "2nd Gen" Turnkey Condition
- Unbeatable, Below-Market Lease
- Brand-New Premium FF&E Included
- Prime Corner Visibility & Dedicated Parking
- Highly Efficient Footprint
- Coveted Private Patio
Reason for Selling:
The assets are being liquidated strictly due to an unforeseen dissolution of the current business partnership. The business is fully operational and provides an incredible, ready-to-operate head start for a highly motivated new owner.
Confidentiality Notice: This is a confidential listing. Please do not approach the business or speak to employees or patrons regarding the sale.
Please note: This is a highly confidential asset sale and lease assignment; therefore, the current operating brand name and proprietary recipes are explicitly not included in the sale. This offering provides an entrepreneur, chef, or established operator the perfect, turnkey foundation to launch their own cafe, pizzeria, or fast-casual concept without enduring the massive capital expense, exhaustive permitting delays, and lengthy downtime associated with a ground-up build.
The Build-Out & Facility:
The space underwent a comprehensive, "down to the studs" high-end renovation that was completed in March 2025. With over $150,000 invested in the build-out, the facility features brand-new plumbing, electrical systems, and a modern bathroom, it requires absolutely zero renovation.
- Main Level (850 sq. ft.): Features massive floor-to-ceiling windows acting as a dynamic "living billboard" to pedestrian and vehicle traffic. The interior boasts high-end finishes, including custom metallic epoxy flooring, custom wood-front counters, designer chandelier lighting, and comfortable seating for approximately 25 guests.
- Lower Level (850 sq. ft.): A full-height basement dedicated to expansive private storage and commercial cold storage.
- Outdoor Space: Includes a highly coveted 339 sq. ft. private patio with licensed seasonal seating for an additional 20 guests, maximizing warm-weather revenue.
- Accessibility: Located on a bustling avenue with strong daytime foot traffic, excellent CTA access, and dedicated parking—an absolute rarity for this densely populated neighborhood.
Premium Equipment Included:
The layout was architecturally designed for maximum operational efficiency and aesthetic appeal, perfectly supporting a streamlined counter-service model with a lean staff. All professional-grade equipment was purchased and installed brand new in 2025.
- Kitchen: Equipped with a dedicated stainless steel Type II Hood and a premium Double Deck Oven Moretti Forni - Ideck commercial stone pizza oven specifically designed for high-volume baking.
- Beverage Program: Features a professional Nuova Simonelli espresso machine and specialized grinders, currently set up with a La Colombe coffee program.
- Cold Storage: Includes a stand-alone walk-in freezer unit located in the basement for bulk inventory, plus a convenient walk-in cooler on the ground floor.
- Front of House: High-visibility glass pastry and pizza display cases facilitate quick service, paired with modern POS hardware for seamless online ordering, luxurious leather tufted lounge seating, and velvet dining chairs.
The Lease (Below Market Rate):
One of the most valuable components of this asset sale is the assumption of an incredibly competitive, below-market, long-term lease.
- Rent: $3,000/month (Gross). This is among the most highly competitive rates available for a corner lot in this district.
- Term: 10-year lease (commenced March 2025), providing exceptional long-term stability.
- OpEx: Approximately $600/month for taxes and water; Landlord covers the building insurance.
Investment Highlights:
- Pristine "2nd Gen" Turnkey Condition
- Unbeatable, Below-Market Lease
- Brand-New Premium FF&E Included
- Prime Corner Visibility & Dedicated Parking
- Highly Efficient Footprint
- Coveted Private Patio
Reason for Selling:
The assets are being liquidated strictly due to an unforeseen dissolution of the current business partnership. The business is fully operational and provides an incredible, ready-to-operate head start for a highly motivated new owner.
Confidentiality Notice: This is a confidential listing. Please do not approach the business or speak to employees or patrons regarding the sale.
About the Business
- Years in Operation
- 2
- Employees
- 5 (2 Full-time, 3 Part-time)
- 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: Premium, imported Italian deck ovens
Technology: Modern POS system for online ordering, sales tracking, and rewards management. - Market Outlook / Competition
- Prime Corner Location of Historic North Side Neighborhood
- Opportunities for Growth
- Significant opportunity to increase revenue by extending evening hours and utilizing the unique product format for corporate catering. Opportunity to apply for a wine and beer license to expand offerings.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,700
- Rent
- $3,000.00 per month
- Lease Expiration
- 3/4/2035
About the Sale
- Seller Motivation
- Personal
Listing Info
- ID
- 2462980
- Listing Views
- 712
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.
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