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Keller Williams ONEChicago
Keller Williams ONEChicago
Property Details
- Property Type Retail - Restaurant
- Property Size 3,162 SF
- # of Floors 1
- Property Tenancy Multi-Tenant
- Building Class B
- Year Built 1930
- Year Renovated 2022
- Date Updated Oct 23, 2026
TURNKEY RESTAURANT SPACE | PRIME SOUTH LOOP LOCATION
43–51 E. Cermak Road | Chicago, IL 60616
The Opportunity
A rare opportunity to lease fully built-out, high-capacity restaurant space in one of Chicago’s most active and strategically located commercial corridors.
The property offers 3,162 SF of total restaurant space, with the flexibility to accommodate either a single operator leasing the entire premises or 2 separate restaurant concepts occupying 1,581 SF each.
Whether you are looking to establish a flagship location, expand an existing brand, launch a new concept, or secure a smaller-format restaurant space with substantial existing infrastructure, the property offers a flexible and efficient path to opening.
Operators may lease:
Option 1: 1,581 SF restaurant space
Option 2: 1,581 SF restaurant space
Option 3: The entire 3,162 SF premises
This flexible configuration creates an opportunity for two independent restaurant operators to occupy the property side by side or for one tenant to control the entire space and potentially operate multiple concepts from a single location.
The Space
3,162 SF of purpose-built restaurant space designed to support high-volume food preparation and restaurant operations.
This is not a traditional vanilla-box delivery. The property features substantial existing commercial kitchen infrastructure, including:
Two 20-foot hoods and one 9-foot hood
Fryers, ovens, and high-output cooking lines
Two walk-in coolers
Tilt skillet and deli slicer
High-capacity dishwashers
Existing infrastructure supporting multiple preparation and service lines
The existing layout and infrastructure provide operators with the opportunity to significantly reduce the time and cost associated with building a restaurant from the ground up.
Whether occupied by one flagship operator or divided between two complementary restaurant concepts, the property is designed to support efficient, high-output operations.
Bring your concept and finishing touches and take advantage of a restaurant space where much of the critical infrastructure is already in place.
Lease Terms
Base Rent: $32.00/SF NNN
Estimated NNN Expenses:
Real Estate Taxes: $14.00/SF
Insurance & CAM: $6.00/SF
Total Estimated NNN Expenses: $20.00/SF
Total Estimated Occupancy Cost: $52.00/SF
NNN expenses are based on the total approximately 3,162 SF premises and would be allocated proportionately for a tenant leasing one of the approximately 1,581 SF restaurant spaces.
Building highlights
The Location
Positioned along a high-traffic, high-visibility corridor at the convergence of the South Loop, Chinatown, McCormick Place, and Chicago’s lakefront.
Half block from multiple hotels
Steps from McCormick Place and Wintrust Arena
Strong convention and event-driven traffic throughout the year
Dense mix of apartments, condominiums, and senior housing
Significant daytime population supporting lunch, takeout, and delivery demand
Convenient access to Downtown Chicago and surrounding neighborhoods
The location is well suited for dine-in, takeout, delivery, catering, and high-volume service models, with demand generated by a diverse mix of neighborhood residents, commuters, convention attendees, hotel guests, tourists, and event traffic
Reach out to the broker for more info on lease terms and amenities
Getting around
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96/100
Walk Score ®
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83/100
Transit Score ®
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84/100
Bike Score ®
Location
- City Chicago, IL
- Neighborhood South Loop
- Zip Code 60616
- Market Chicago
Points of Interest
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Cermak-McCormick Place
0.08 miles
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Halsted
1.24 miles
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Halsted Street
1.25 miles
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35th-Bronzewille-IIT (34th Street Entrance)
1.36 miles
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35th-Bronzeville-IIT
1.43 miles
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Harold Washington Library-State/Van Buren
1.69 miles
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Clinton
1.78 miles
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Quincy
1.85 miles
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Adams/Wabash
1.86 miles
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UIC-Halsted (Halsted Street)
1.94 miles
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Gas Depot
0.84 miles
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BP
0.99 miles
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Shell
1.08 miles
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Citgo
1.25 miles
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eVgo
1.32 miles
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Blink
1.33 miles
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Tesla Supercharger
1.37 miles
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VP Fuels
1.39 miles
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ChargePoint
1.68 miles
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Mobil
2.06 miles
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McCormick Place Parking Lot A
0.28 miles
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Chinatown Parking
0.31 miles
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Dearborn Village 1
0.38 miles
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Dearborn Village 2
0.39 miles
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Dearborn Village 3
0.40 miles
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Dearborn Village V
0.41 miles
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18th St Lot
0.51 miles
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South Lot
0.62 miles
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Waldron Parking Deck
0.68 miles
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Mustard Seed Kitchen
0.01 miles
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Windy City Ribs & Whiskey
0.05 miles
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White Castle
0.05 miles
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Papa John's
0.07 miles
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Apolonia
0.09 miles
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Fatpour Tap Works
0.14 miles
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Pizano's Pizza
0.15 miles
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Cafe Bionda
0.24 miles
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Subway
0.25 miles
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My Place
0.26 miles
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McCormick Market
0.07 miles
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Best Choice Oriental Grocery
0.42 miles
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Silver State City Food Company
0.45 miles
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Mariano's Fresh Market
0.51 miles
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Chicago Oriental Wholesale Market
0.69 miles
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Fat Lee Supermarket
0.71 miles
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Park To Shop Supermarket
0.73 miles
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88 Marketplace
0.82 miles
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FreshMart
0.89 miles
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Target
1.10 miles
49 East Cermak Road Listing Brief
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A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.
49 East Cermak Road is located in South Loop, which is home to a total of 50 listing(s). The rent for retail space at 49 East Cermak Road is available upon request. Feel free to reach out using the contact form conveniently included on this page to find out more about what the property can offer for your business.
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For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.
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You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.
49 East Cermak Road was last renovated in 2022.
Knowing your ideal customer is essential. For your consideration, the average age of residents in South Loop is 32. The average household income here is $123,922 per year.
