Lakeview High-Visibility 2nd Generation Restaurant

For Lease

2954 N Sheffield Ave, Chicago, IL 60657

You can currently find 1 retail space(s) available for lease at Lakeview High-Visibility 2nd Generation Restaurant. Designated use type for space listed here includes restaurant. Current retail listings at this property total 2,948 square feet. Lease type options include Modified Gross. Expand the listing and property details below for additional information on leasing opportunities at Lakeview High-Visibility 2nd Generation Restaurant.

Space Available For Lease 1

Contacts

Tim Rasmussen

SVN | Chicago Commercial

Property Details

  • Property Type Retail - Restaurant
  • Property Size 13,562 SF
  • Lot Size 0.16 Acre
  • Year Built 1934
  • Date Updated Sep 29, 2026
Located at 2954 N Sheffield in the heart of Chicago’s vibrant Lakeview neighborhood, this corner 2nd-generation restaurant benefits from exceptional visibility and steady foot traffic. Positioned just steps from the Southport Corridor and a short walk to Chicago Cubs games at Wrigley Field, the location captures year-round activity from residents, visitors, and sports fans alike. Nearby demand generators include Advocate Illinois Masonic Medical Center, a major regional employer drawing thousands of employees, patients, and visitors daily, which is directly across the street. Within a ½-mile radius, the area features a dense population base of 24,000 and household incomes above $205,000. Proximity to DePaul University further supports steady daytime and evening traffic. Strong public transit access via the Wellington CTA Brown station and Red Lines enhances accessibility, making this an ideal high-exposure location for a thriving restaurant concept.SVN Chicago Commercial is pleased to present an exceptional second-generation restaurant opportunity located at the highly visible corner of Sheffield and Wellington. This prominent corner location features a fully equipped restaurant space including basement storage, a manager's office, additional refrigeration, a 16’ hood, 400+amp 3-phase electrical service, a walk-in cooler, a variety of reach-in coolers, prep tables, fryers, flat-top grills, a dishwashing hood, bar sinks and refrigeration, and dining room furniture. 100-person seating based on current configuration. The space is fully ADA-compliant and includes two accessible restrooms. The existing layout and infrastructure make the restaurant easily adaptable for a wide range of concepts, including QSR, fast-casual, and full-service dining.
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Highlights

  • 16’ commercial hood and 400-amp 3-phase electrical service
  • ADA-compliant space with two accessible restrooms suitable for a variety of restaurant concepts
  • Basement for storage, manager's office, and refrigeration
  • Fully built-out second-generation restaurant with existing kitchen equipment
  • Prime location at Sheffield & Wellington with strong visibility
  • Walk-in coolers, fryers, flat-top grill, and dining room furniture included

Attachments

Getting around

  • 95/100

    Walk Score ®

  • 84/100

    Transit Score ®

  • 84/100

    Bike Score ®

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Location

  • City Chicago, IL
  • Neighborhood Lakeview
  • Zip Code 60657
  • Market Chicago

Points of Interest

  • Southport

    0.73 miles

  • Paulina

    1.05 miles

  • Sheridan

    1.24 miles

  • Addison

    1.31 miles

  • Irving Park

    1.66 miles

  • Montrose

    2.07 miles

  • California

    2.41 miles

  • Damen

    2.46 miles

  • Chicago

    2.90 miles

  • Logan Square

    2.94 miles

  • Shell

    0.31 miles

  • BP

    0.39 miles

  • Tesla Supercharger

    0.50 miles

  • Mobil

    0.74 miles

  • Volta Charging Station

    0.84 miles

  • eVgo

    0.94 miles

  • Speedway

    1.35 miles

  • Tesla Destination Charger

    1.73 miles

  • ChargePoint

    1.73 miles

  • Volta

    3.88 miles

  • Cubs Rav4 Lot

    0.76 miles

  • Sheffield Parking Garage

    0.79 miles

  • Clifton Parking Deck

    0.81 miles

  • Park Lincoln Garage

    0.86 miles

  • Cubs Prius Lot

    0.93 miles

  • Trailer Parking

    0.99 miles

  • Belmont Harbor South Lot

    0.99 miles

  • Cubs Highlander Lot

    1.01 miles

  • Diversey Boat Launch Parking

    1.01 miles

  • DMK Burger Bar

    0.00 miles

  • Fish Bar

    0.01 miles

  • Tanuki

    0.04 miles

  • Kirkwood Bar & Grill

    0.04 miles

  • The River Kitchen and Bar

    0.09 miles

  • Barcocina

    0.10 miles

  • BeeZzee Fresh Food

    0.21 miles

  • Nori Sushi Lincoln Park

    0.23 miles

  • Penny's Noodle Shop

    0.23 miles

  • Andy's Thai Kitchen

    0.23 miles

  • Marshalls

    0.31 miles

  • Target

    0.32 miles

  • The Fresh Market

    0.34 miles

  • Trader Joe's

    0.48 miles

  • Mariano's Fresh Market

    0.50 miles

  • Apple Bite Liquor

    0.52 miles

  • TJ Maxx

    0.54 miles

  • Go Grocer

    0.65 miles

  • Whole Foods Market

    0.78 miles

  • Jewel-Osco

    0.83 miles

2954 N Sheffield Ave Listing Brief

  • 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.

    2954 N Sheffield Ave is located in Lakeview, which is home to a total of 73 listing(s). Retail space at Lakeview High-Visibility 2nd Generation Restaurant asks $17,500.00/MO per square foot.

  • The property includes 2,948 square feet of retail space for lease. Of this total, 2,948 square feet are Restaurant.

    Lease agreement conditions for the availability at this property include Modified Gross.

    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.

  • 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.

    Knowing your ideal customer is essential. For your consideration, the average age of residents in Lakeview is 33. The average household income here is $103,256 per year.

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