Restaurant — Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Chicago, IL 60608
  • Size: 850 SF
  • Year built: 1930

Description

KW Commercial is pleased to present a 850 SF restaurant space for lease located on the highly trafficked corner of Ashland Ave. and 18th St. in Pilsen, Chicago. The space is fully equipped with all Furnitures, Fixtures and Equipment for its needs. Situated in front of the Ashland Ave. and 18th St. bus stops, it is steps from the 18th St. Pink Line stop, and hosts an average daily traffic count of 35,876 automobiles. List of FF&E's per request. Building SF: 850 | Year Built: 1930 | Listing Type: FOR LEASE

Market Context

This retail in Chicago, IL is listed for lease across 850 SF. The building dates to 1930. It has been on the market for 70 days. Compare it against other retail listings for lease in Chicago, IL — view the full market.

As of Q1 2026, the Chicago retail market showed average asking rents near $22.27/SF/yr, and cap rates around 8.2%. Source: multiple brokerage reports, Q1 2026.

Retail market FAQ

What is the typical cap rate for retail in Chicago?
About 8.2% as of Q1 2026, per multiple brokerage reports.

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