Monarca Restaurant

Description:

For Sale – Fully Built-Out Restaurant Space | 4,800 SF | Chicago, IL

KW Commercial is pleased to present 3139 N Central Ave, Chicago, IL 60634 — a premier 4,800 square foot, second-generation restaurant space for sale, ideally situated off the hard corner of Central Ave and Belmont Ave. This high-visibility location offers exceptional signage exposure, excellent accessibility, and strong vehicle and pedestrian traffic. The property features a full upscale restaurant buildout and fully equipped commercial kitchen, ideal for a variety of dining formats including buffet, fine dining, and quick-service models.

Property Highlights


4,800 SF of fully built-out restaurant space
Prime location at Central Ave. & Belmont Ave., one of the area’s busiest intersections
Highly visible corner with heavy foot and vehicle traffic
Turnkey, second-generation restaurant with premium finishes
Zoned for B3-2, allowing for restaurant and other commercial uses


Interior Dining Features


(14) Private booths with adjustable lighting for intimate dining
(2) Large private booths suitable for VIP guests or private parties
(4) Large tables (seating 8 each) ideal for groups and events
(3) 6-ft banquet tray heaters for buffet service
Central water pillar as a unique architectural focal point
(2) Flat screen TVs (1 large, 1 small)


State-of-the-Art Commercial Kitchen


Chip station & POS system
Ice cream cooler
(2) 6-ft pastry standing coolers
Ice machine
Keg system with (2) lines:

One line with (3) outputs
One line with (2) outputs


Pepsi cooler
(6) Juice mixer stations
Fresh orange juice extractor
Veryfine standing cooler
13-ft hood system
Large flat stone & large grill stove (8 burners)
Additional stove: 6-burner grill + 2-burner flat stove
15-ft cooler/service/equipment station
(2) Basket fryer
(2) Bin sink + (1) bin sink + hand wash sink
Jackson commercial dishwasher
Range guard fire suppression system
8-ft prep station
(2) Section standing cooler
Alliance refrigeration ice machine
2-door walk-in cooler (13.6' x 7.9' = 106 SF)


Bar Area


Bar prep station
Bar-specific ice machine
Additional hand-washing sink


Additional Facilities


Private office (11.4' x 13.2' = 150 SF)
Dedicated data/server room
Alarm system with monitoring TV
Mop sink station
Electrical: 120/240V, 3-Phase High B Phase service


Buffet & Event Service Capabilities


Buffet equipment with heating trays
Designed for high-volume dining and large party service
Adjacent businesses offering banquet/event services increase cross-business synergy


Zoning & Licenses


Zoned B3-2 – highly favorable for restaurant, retail, and service uses
Alcohol sales permitted with applicable liquor licensing (subject to transfer and city approval)
Fully compliant with health and safety regulations
Transferable permits and equipment (subject to buyer due diligence)


Strategic Location Advantages


Private parking plaza directly across the street – free for customers and staff
Additional metered parking nearby
Excellent public transportation access (CTA bus routes)
Strong surrounding retail co-tenancy including national brands (e.g., Dunkin’)
Nearby businesses offer complementary event services, increasing destination value


Investment Highlights


High-traffic hard-corner location with exceptional visibility
Ready-to-operate, saving significant upfront costs and time
Flexible interior layout – supports multiple foodservice formats
Strong potential ROI with limited capital expenditures
Excellent long-term growth potential due to ongoing area development


Potential Uses


Full-service restaurant or upscale buffet concept
Fast-casual or quick-service restaurant
Event or banquet venue
Specialty retail or culinary experience center
Café, bar, or hybrid service model


B3-2 Zoning District – Key Advantages


Permits restaurant, café, bar, and event venue uses
Liquor licensing options: beer & wine, full liquor, specialty concepts
Reduced parking requirements in transit-rich areas
Vertical expansion potential with moderate density allowances
Supportive of mixed-use developments
Walkable, vibrant commercial corridors ideal for business growth
City economic incentives and small business support available


Contact for More Information or Private Tour

Manny Regalado
Senior Commercial Broker
KW Commercial
(c) 312.730.2029
(e) mregalado@kwcommercial.com


- 4800 SF Building - 6098 SF Lot - 18,364 Vehicle Count Per Day - Second-Generation Restaurant - 200 Amp Service - Zone B3-2




4,800 SF fully built-out restaurant space: Turnkey second-generation restaurant with upscale interior, premium finishes, and ready-to-operate kitchen.


Prime corner location at Central & Belmont Avenues: High-traffic intersection with excellent visibility, signage exposure, and strong pedestrian and vehicle counts.


State-of-the-art commercial kitchen: Equipped with a 13-ft hood system, multiple grills and fryers, walk-in cooler, ice machines, juice stations, keg system, and more.


Buffet & event service ready: Includes banquet tray heaters, group seating, and layout ideal for high-volume dining or private parties; neighboring businesses offer complementary event services.


Free parking plaza across the street: Dedicated lot available day and night for both customers and staff, enhancing accessibility.


Flexible B3-2 zoning with liquor license eligibility: Allows for restaurant, café, bar, and event venue uses; liquor licensing available with city approval.