Prime West Town Investment: Fully Built Restaurant + 2nd Floor Commercial Space

1422-1424 West Chicago Avenue Chicago, IL 60642

1422-1424 West Chicago Avenue, Chicago, IL, 60642
1422-1424 West Chicago Avenue, Chicago, IL, 60642
FOR SALE
Property Type:
Restaurant
Amount:
$1,975,000
Last Verified:
Nov 18, 2025

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Highlights

  • Prime corner location in West Town
  • 40’ of street frontage on Chicago Avenue
  • Fully built-out restaurant on the ground floor
  • Flexible second-floor office layout
  • Unique architectural character
  • Strong pedestrian and vehicular traffic
  • Excellent investment or owner-user opportunity

Description

Unlock the potential of this well-maintained, architecturally distinctive two-story commercial building located at a high-visibility corner in the heart of Chicago’s thriving West Town neighborhood. Boasting 40 feet of frontage along bustling Chicago Avenue, this property offers unmatched exposure in one of the city’s most dynamic and rapidly developing commercial corridors.

The ground floor features a fully built-out restaurant space, thoughtfully designed and ready for immediate operation. With modern finishes and an efficient layout, it’s ideal for restaurateurs looking to establish or expand their brand in a high-traffic area.

Upstairs, the second floor is currently configured with multiple private offices, offering flexibility for a variety of commercial uses, including creative studios, wellness services, professional offices, or potential co-working concepts. The layout could easily be reimagined to suit a wide range of tenants or owner-occupiers.

This corner property is exceptionally well-maintained, with minimal deferred maintenance, making it a turnkey opportunity for investors and business owners alike.

Discover Opportunity in Chicago’s Vibrant West Town Neighborhood

Nestled just minutes from the heart of downtown, West Town is one of Chicago’s most dynamic and rapidly evolving neighborhoods—an ideal location for forward-thinking businesses. Known for its eclectic blend of historic charm and contemporary energy, West Town offers a unique mix of culture, commerce, and connectivity.

This diverse, trendsetting area is home to an expanding community of creative professionals, tech startups, boutique retailers, and destination dining. Tree-lined streets and architecturally rich buildings create a walkable urban atmosphere that attracts both residents and visitors seeking an authentic Chicago experience.

Strategically located with easy access to major transit lines, expressways, and the Loop, West Town offers excellent visibility and accessibility for businesses looking to thrive in a high-foot-traffic, high-growth corridor. With proximity to key neighborhoods like the West Loop, River West, and Wicker Park, this area continues to draw investment and innovation.

Whether you're opening a flagship storefront, launching a collaborative office space, or investing in a thriving commercial hub, West Town delivers the ideal blend of style, substance, and strategic location.

Building Size: 8640sq ft
Lot Size: 3720.0 acres


Documents

SVN - Brochure (P)

Map of 1422-1424 West Chicago Avenue, Chicago, IL, 60642

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.