What is the asking price for Second Generation Restaurant?

The lease rate for space here is Contact for pricing.

What type of property tenancy can you find at Second Generation Restaurant?

This property is listed as Single Tenant.

What is the total size of Second Generation Restaurant?

The property has a total square footage of 259,000 SF.

When was this property built?

Second Generation Restaurant was built in 1915.

How many parking spaces are available at Second Generation Restaurant?

Parking information for the property isn't currently listed. However, other nearby parking options include Grant Park North Garage, located 0.13 miles away , and 60 East Lake Self Park, which is 0.17 miles away.

111 North Wabash Avenue, Chicago, IL 60602

For Sale $249,000
Property Type Retail - Restaurant
# of Floors 22
Property Tenancy Single Tenant
Building Class A
Year Built 1915
Year Renovated 2007
Date Updated May 18, 2026

Description

For Sale | Second-Generation Restaurant in the Iconic Garland Building

Former Home of Heaven on Seven

Property Overview

An extraordinary opportunity to acquire a fully built-out restaurant space in the historic Garland Building, located in the heart of Chicago’s Loop. This second-generation restaurant—formerly the iconic Heaven on Seven—offers a plug-and-play solution with existing infrastructure, an unbeatable location, and a built-in customer base.

Units: 700 & 703
Total Size: ±3,025 SF
Unit 700 & Back Office: ±2,536 SF
Separate private office: ±528 SF
Dual walk-in cooler: 13’ x 6’
Unit 703: ±489 SF
Walk-in cooler: 7’ x 9’ (8’ tall)
Private office
Kitchen equipped with a 13’ Type-1 hood
Use: Second-generation restaurant with existing buildout
Building: The Garland Building – 22-story Chicago Landmark office condominium
Location: Prime Loop corner, directly across from Macy’s, steps from Millennium Park, Michigan Avenue, and State Street retail
Parking: Valet service available
Transit: CTA “L” station located at building entrance (Red, Brown, Green, Orange, Pink, and Purple lines)

Investment Highlights

Proven Restaurant History: Former home of Heaven on Seven, operated successfully for four decades
Plug-and-Play Buildout: Existing kitchen, dining room, dual walk-in coolers, and back-of-house infrastructure ready for immediate occupancy
Flexible Layout: Includes private offices and dedicated storage/cooler areas, ideal for restaurant operations
Unbeatable Location: High-profile Loop setting with direct access to office workers, tourists, shoppers, and theater-goers
Historic Landmark Building: Blends architectural character with modern office/retail synergy

The Space

Purposefully designed to support high-volume foodservice and delivery operations, this space retains the charm and functionality that supported one of Chicago’s most recognized restaurants for four decades.

Fully equipped with operational hood system and open kitchen layout
Separate cold storage room with walk-in coolers and freezer
Dedicated back-of-house prep and storage area
Adaptable dining room layout, ideal for fast casual or dine-in service
Light-filled interior and prominent positioning on the 7th floor of the building
Perfect for ghost kitchens, catering, concept testing, or traditional full-service dining
Immediate rebranding or continued use with minimal downtime

Delivery & Office Market Opportunity

Rather than competing with nearby listings, this restaurant stands out with unmatched access to a massive built-in daytime customer base. The Loop is the largest and densest office district in Chicago, making this a prime delivery-focused location