Second Generation Restaurant

For Sale

111 North Wabash Avenue, Chicago, IL 60602

This Chicago property for sale is located at 111 North Wabash Avenue. The current listed sale price for Second Generation Restaurant is $249,000.

Contacts

Manny Regalado

KW ONEChicago

Property Details

  • Property Type Retail - Restaurant
  • # of Floors 22
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 1915
  • Year Renovated 2007
  • Date Updated May 17, 2026

For Sale | Second-Generation Restaurant in the Iconic Garland Building

Former Home of Heaven on Seven

Property Overview

An extraordinary opportunity to acquire a fully built-out restaurant space in the historic Garland Building, located in the heart of Chicago’s Loop. This second-generation restaurant—formerly the iconic Heaven on Seven—offers a plug-and-play solution with existing infrastructure, an unbeatable location, and a built-in customer base.

  • Units: 700 & 703
  • Total Size: ±3,025 SF
  • Unit 700 & Back Office: ±2,536 SF
  • Separate private office: ±528 SF
  • Dual walk-in cooler: 13’ x 6’
  • Unit 703: ±489 SF
  • Walk-in cooler: 7’ x 9’ (8’ tall)
  • Private office
  • Kitchen equipped with a 13’ Type-1 hood
  • Use: Second-generation restaurant with existing buildout
  • Building: The Garland Building – 22-story Chicago Landmark office condominium
  • Location: Prime Loop corner, directly across from Macy’s, steps from Millennium Park, Michigan Avenue, and State Street retail
  • Parking: Valet service available
  • Transit: CTA “L” station located at building entrance (Red, Brown, Green, Orange, Pink, and Purple lines)

Investment Highlights

  • Proven Restaurant History: Former home of Heaven on Seven, operated successfully for four decades
  • Plug-and-Play Buildout: Existing kitchen, dining room, dual walk-in coolers, and back-of-house infrastructure ready for immediate occupancy
  • Flexible Layout: Includes private offices and dedicated storage/cooler areas, ideal for restaurant operations
  • Unbeatable Location: High-profile Loop setting with direct access to office workers, tourists, shoppers, and theater-goers
  • Historic Landmark Building: Blends architectural character with modern office/retail synergy

 

The Space

Purposefully designed to support high-volume foodservice and delivery operations, this space retains the charm and functionality that supported one of Chicago’s most recognized restaurants for four decades.

  • Fully equipped with operational hood system and open kitchen layout
  • Separate cold storage room with walk-in coolers and freezer
  • Dedicated back-of-house prep and storage area
  • Adaptable dining room layout, ideal for fast casual or dine-in service
  • Light-filled interior and prominent positioning on the 7th floor of the building
  • Perfect for ghost kitchens, catering, concept testing, or traditional full-service dining
  • Immediate rebranding or continued use with minimal downtime

Delivery & Office Market Opportunity

Rather than competing with nearby listings, this restaurant stands out with unmatched access to a massive built-in daytime customer base. The Loop is the largest and densest office district in Chicago, making this a prime delivery-focused location

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Reach out to the broker for more info on lease terms and amenities

Getting around

  • 100/100

    Walk Score ®

  • 100/100

    Transit Score ®

  • 80/100

    Bike Score ®

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Location

  • City Chicago, IL
  • Neighborhood Downtown Chicago
  • Zip Code 60602
  • Market Chicago

Points of Interest

  • Millennium Station

    0.09 miles

  • Lake

    0.12 miles

  • State/Lake

    0.19 miles

  • Adams/Wabash

    0.27 miles

  • Harold Washington Library-State/Van Buren

    0.48 miles

  • Quincy

    0.52 miles

  • Merchandise Mart

    0.55 miles

  • Grand

    0.59 miles

  • Clinton

    0.80 miles

  • Chicago

    1.03 miles

  • Tesla Supercharger

    0.34 miles

  • ChargePoint

    0.60 miles

  • BP

    0.76 miles

  • Blink

    1.09 miles

  • Shell

    1.10 miles

  • Volta

    1.11 miles

  • Citgo

    1.35 miles

  • Blink ParkChip Garage - 1035 Van Buren

    1.48 miles

  • Electrify America

    1.61 miles

  • eVgo

    1.64 miles

  • Grant Park North Garage

    0.13 miles

  • 60 East Lake Self Park

    0.17 miles

  • Prudential Plaza

    0.20 miles

  • Hotel Parking

    0.21 miles

  • Theater District Self Park

    0.21 miles

  • One East Wacker

    0.22 miles

  • 55 East Monroe Self Park

    0.23 miles

  • Millennium Garage

    0.25 miles

  • Government Center Self Park

    0.27 miles

  • 33 West Monroe

    0.27 miles

  • Heaven on Seven

    0.01 miles

  • Subway

    0.02 miles

  • McDonald's

    0.03 miles

  • Dunkin'

    0.05 miles

  • Oasis Cafe

    0.06 miles

  • Frontera Fresco

    0.08 miles

  • Fons

    0.08 miles

  • Remington’s

    0.08 miles

  • Ryo Sushi

    0.09 miles

  • Popeyes

    0.09 miles

  • Macy's

    0.06 miles

  • Burlington

    0.09 miles

  • Ross

    0.09 miles

  • TJ Maxx

    0.10 miles

  • Millennium Station/Pedway

    0.13 miles

  • Target

    0.14 miles

  • Block 37 Shops

    0.15 miles

  • Saks Off 5th

    0.16 miles

  • Bockwinkel's

    0.31 miles

  • Mariano's Fresh Market

    0.38 miles

Contact Listing Broker
Manny Regalado

KW ONEChicago

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