416 W Ontario St #C-1 Chicago, IL 60654
416 W Ontario St #C-1 Chicago, IL 60654 | MLS 12540273 Photo 1
416 W Ontario St #C-1 Chicago, IL 60654 | MLS 12540273 Photo 2
416 W Ontario St #C-1 Chicago, IL 60654 | MLS 12540273 Photo 3
416 W Ontario St #C-1 Chicago, IL 60654 | MLS 12540273 Photo 4
416 W Ontario St #C-1 Chicago, IL 60654 | MLS 12540273 Photo 5
For more information on this listing, contact us at: (773) 998-2401
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$848,888

416 W Ontario St #C-1 Chicago, IL 60654

Commercial Sale Property Type
2003 Year Built
Cook County
View All Property Details
***** FOR SALE or LEASE **** Turnkey Restaurant Space | Approx. 4,300 SF | Fully Equipped | River North ****** Bring your concept and OPEN IMMEDIATELY - this is a rare opportunity to own a fully built-out, fully equipped, turnkey restaurant space in the heart of River North, one of Chicago's most sought-after dining and nightlife destinations with Seating for 50+ ************** Located on the ground floor of a boutique loft building at 416 W Ontario St, Unit C 1 offers approx. 4,300 sq ft of restaurant space with 15-foot ceilings, exposed brick, and outstanding street-level visibility. This space comes complete with EVERYTHING you need to start operating TODAY!!!! ************ This exceptional retail condo in the heart of River North, formerly a restaurant, presents a prime opportunity for a variety of retail uses or to continue as a dining establishment. * The space is in immaculate, turn-key condition, with much of the furniture, fixtures, and equipment already in place. * Covering 2,797 square feet, the property boasts soaring ceilings that create an open, welcoming atmosphere. * The thoughtfully designed layout includes two ADA-compliant restrooms and a delightful outdoor seating area, perfect for alfresco dining!! ************** Truly Turnkey - What's Included: * Full commercial kitchen: 22' ventilation hood, cook line, walk-in cooler, prep station, dishwashing area * All kitchen equipment: Ranges, ovens, fryers, sinks, refrigeration units - ready to go * Dining room furnishings: Tables, chairs, host stand, bar equipment * All smallware's: Plates, bowls, silverware, glassware, cooking tools, serving utensils - all included * Two ADA-compliant restrooms * Outdoor patio seating permitted - ideal for seasonal alfresco dining * Central air conditioning, wood flooring, and loft-style architectural details * Includes FF&E package (Furniture, Fixtures & Equipment) turnkey for restaurant use ***************** Location, Location, Location * Situated in bustling River North just steps from LaSalle & Ontario * Surrounded by established restaurants, nightlife, galleries, and high-end residences * Heavy foot traffic, strong daytime office and evening dining population * Easy access to CTA, expressways, and downtown ******************* Space Details * Total Size: Approx. 4,300 SF * Built-Out Area: Approx. 2,797 SF fully finished dining + kitchen area * Zoning: B3 - ideal for restaurant, retail, lounge, or cafe * Previously operated as a full-service restaurant - no costly buildout delays ************ Perfect For: * Restaurateurs ready to launch a new concept without the upfront cost * Established operators expanding to a second (or third) location * Franchisees looking for a downtown Chicago footprint * Investors seeking a plug-and-play restaurant property ******************* Move Fast * Inventory like this doesn't come along often in the heart of River North, one of Chicago's most sought-after dining and nightlife destinations. * Save time, save money, and skip the buildout headaches - this space is truly ready for your team to unlock the doors and start serving on Day One!! **************** CALL today to schedule a private tour and see firsthand what makes 416 W Ontario #C 1 a standout opportunity in the Chicago market. ***** FOR LEASE or SALE ********
MLS # 12540273
Monthly HOA N/A
On Site 258 Days
Last Updated 6/14/2026

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Community Information

Address 416 W Ontario St #C-1, Chicago, IL 60654
County Cook
City Chicago
Zip Code 60654

Features / Amenities

Air Conditioning Central Air
Heat/Ventilation Ceiling Units, Central Heat/Indiv Controls

Property Features

Lot Size 5,000 Sq. Ft.
Lot Dimensions 50X100
Electric Circuit Breakers, Over 600 Amps, Power - 480V, Heavy Power 1200+ Amps, 220 Volts, 440 Volts
Directions Take the I-94 E/I-90 E freeway Take exit 50B on the right onto N Orleans St Turn left onto N Orleans St Keep right at N Orleans St Turn left onto Ontario

Tax and Financial Info

Tax Year 2023
Tax Annual Amount $35,299.28
Net Income $9,999,999
Tenant Pays Varies by Tenant
Additional Sales Info Short Notice OK

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416 W Ontario St #C-1 Chicago, IL 60654 | MLS 12540273
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Listing provided courtesy of Charles Rutenberg Realty Of Il.

Listings courtesy of MRED MLS as distributed by MLS GRID

Based on information submitted to the MLS GRID as of September 18, 2026 1:15 PM CST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Properties displayed may be listed or sold by various participants in the MLS

(773) 998-2401
416 W Ontario St #C-1 Chicago, IL 60654
  • $848,888