Chicago, a city renowned for its cultural institutions, is an ideal location for a restaurant, with its diverse economy and strong infrastructure providing a solid foundation for businesses to thrive. This Restaurant For Lease offers a unique opportunity to capitalize on the city's popularity, with over 119 listings available. With an average annual rent of $43 USD per square foot, and an average size of 3,697 square feet, this property type is an attractive investment opportunity. The city's transportation hubs, including O'Hare International Airport and Midway International Airport, ensure easy access to a vast customer base. Additionally, the city's comprehensive transit system, including the Chicago Transit Authority (CTA) and Metra, provides convenient transportation options for residents and visitors alike. The presence of esteemed institutions like the University of Chicago, Northwestern University, and the Art Institute of Chicago further enhances the city's appeal, making it an attractive location for a restaurant.
Restaurants in Chicago, like this one For Lease, are an integral part of the city's vibrant cultural scene. With its proximity to notable attractions like Navy Pier, Millennium Park, and the Magnificent Mile, this property type is well-positioned to capitalize on the city's tourist traffic. In addition to Restaurants, Chicago also offers a range of other property types, including Retail Space, which can be found in popular shopping districts like the Loop and State Street; Commercial Real Estate, which is home to major corporations like Boeing and McDonald's; and Flex Space, which is ideal for businesses requiring a combination of office and warehouse space. With its diverse economy and strong infrastructure, Chicago provides a unique opportunity for businesses to thrive, making it an attractive location for investors and entrepreneurs alike.
How are restaurant leases typically structured?
Restaurant leases in Chicago are typically structured as a triple net (NNN) lease, where the tenant is responsible for paying rent, property taxes, insurance, and maintenance costs, with the average annual rent per square foot being $43 USD. The average size of a restaurant lease in Chicago is around 3,697 square feet, with a maximum space size of up to 22,000 square feet, offering flexibility for restaurateurs to find a space that suits their business needs.
What kitchen equipment is usually included in restaurant leases?
When searching for restaurants for lease in Chicago, you'll find that many listings include essential kitchen equipment, such as commercial-grade refrigerators, freezers, ovens, stoves, dishwashers, and sinks, which can help you get your business up and running quickly. Additionally, some leases may also include specialized equipment like pizza ovens, fryers, or ice machines, depending on the type of cuisine and restaurant concept.
