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Lakeview High-Visibility 2nd Generation Restaurant

Market Price

2954 N Sheffield Ave, Chicago, IL 60657

Active
Last Updated: 07/22/2026

13,562 sqft

Building Size

0.1594 acres

Lot Area

Details:
Building Size:    13,562 sqft
Lot Area:    0.1594 acres
Year Built:    1934
Floors:    1
Description:

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.

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.

Map:
1 Space Available

2954 N Sheffield, 2954 N Sheffield, 1 Restaurant

Available:
Immediately
Sublease:
No
SQFT
2,938
Lease Type:
Gross

Contact adivsors for lease rate.

Documents:
Title
2954 N Sheffield Lease Brochure
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Location
Gallery