Lakeview High-Visibility 2nd Generation Restaurant

2954 N Sheffield Ave, Chicago, IL 60657

Property Information

  • For Lease Contact for pricing
  • Property Type Retail - Restaurant
  • Property Size 13,562 SF
  • Lot Size 0.16 Acre
  • Year Built 1934
  • Date Updated Jul 27, 2026

Description

Located at 2954 N Sheffield in the heart of Chicago’s vibrant Lakeview neighborhood, this corner 2nd-generation restaurant benefits from exceptional visibility and steady foot traffic. Positioned just steps from the Southport Corridor and a short walk to Chicago Cubs games at Wrigley Field, the location captures year-round activity from residents, visitors, and sports fans alike. Nearby demand generators include Advocate Illinois Masonic Medical Center, a major regional employer drawing thousands of employees, patients, and visitors daily, which is directly across the street. Within a ½-mile radius, the area features a dense population base of 24,000 and household incomes above $205,000. Proximity to DePaul University further supports steady daytime and evening traffic. Strong public transit access via the Wellington CTA Brown station and Red Lines enhances accessibility, making this an ideal high-exposure location for a thriving restaurant concept.SVN Chicago Commercial is pleased to present an exceptional second-generation restaurant opportunity located at the highly visible corner of Sheffield and Wellington. This prominent corner location features a fully equipped restaurant space including basement storage, a manager's office, additional refrigeration, a 16’ hood, 400+amp 3-phase electrical service, a walk-in cooler, a variety of reach-in coolers, prep tables, fryers, flat-top grills, a dishwashing hood, bar sinks and refrigeration, and dining room furniture. 100-person seating based on current configuration. The space is fully ADA-compliant and includes two accessible restrooms. The existing layout and infrastructure make the restaurant easily adaptable for a wide range of concepts, including QSR, fast-casual, and full-service dining.

Highlights

  • 16’ commercial hood and 400-amp 3-phase electrical service
  • ADA-compliant space with two accessible restrooms suitable for a variety of restaurant concepts
  • Basement for storage, manager's office, and refrigeration
  • Fully built-out second-generation restaurant with existing kitchen equipment
  • Prime location at Sheffield & Wellington with strong visibility
  • Walk-in coolers, fryers, flat-top grill, and dining room furniture included

1 Space Available

2954 N Sheffield

Space Type

Restaurant

Lease Rate

Contact for pricing

Total Space

2,938 SF

Floor

1

Divisible Space

2,938 - 2,938 SF

Available Date

Immediate

Lease Type

Modified Gross

Renewal Option

Yes

Sublease

No

Contact adivsors for lease rate.

Contacts

Location

Located at 2954 N Sheffield Ave, Chicago, IL 60657, this property is part of the Lakeview neighborhood and Chicago market.

Contact Listing Broker
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