Confirm the space fit
Compare hood, grease trap, walk-in, seating, patio, parking, utilities, and build-out condition before touring.
Restaurants for Lease in West Loop
27 properties for lease
New
Full Restaurant
4 photos
For Lease
$1.83/SF/mo
Est. $2,582/mo all-in · 1,411 SF
1021 Fountain View Dr, Carol Stream, IL 60188, USA1,411 sq ft
- Parking
New
Non Hooded
2 photos
For Lease
$2/SF/mo
Est. $2,160/mo all-in · 1,080 SF
1011 W North Ave, Villa Park, IL 60181, USA1,080 sq ft
- Parking
- 3-Comp Sink
New
Full Restaurant
4 photos
For Lease
$2.92/SF/mo
Est. $9,475/mo all-in · 3,245 SF
19 W Ogden Ave, Westmont, IL 60559, USA3,245 sq ft
- Parking
- Grease Trap
- 3-Comp Sink
- Hood: Type 1
New
Full Restaurant
3 photos
For Lease
Contact for rate
631 E Boughton Rd, Bolingbrook, IL 60440, USA800-8,500 sq ft
- Parking
New
Full Restaurant
For Lease
$24.50/SF/yrCAM
Est. $5,502/mo all-in · 1,800 SF
8360 Cermak Rd, North Riverside, IL 60546, USA1,800 sq ft
- Parking
- Grease Trap
- 3-Comp Sink
- Hood: Type 1
New
Full Restaurant
4 photos
For Lease
$1.67/SF/moNNN
Est. $7,169/mo all-in · 2,565 SF
30 Meacham Rd, Schaumburg, IL 60193, USA2,565 sq ft
- Parking
- Grease Trap
- 3-Comp Sink
- Hood: Type 1
New
Full Restaurant
11 photos
For Lease
Contact for rate
325 W Front St, Wheaton, IL 60187, USA1,850 sq ft
- Parking
- Walk-In Freezer
- Grease Trap
- 3-Comp Sink
Full Restaurant
5 photos
For Lease
Contact for rate
2005 W Division St, Chicago, IL 60622, USA4,008-8,548 sq ft
- Outdoor
- Grease Trap
- 3-Comp Sink
Shell Space
5 photos
For Lease
Contact for rate
721 Green Bay Rd, Wilmette, IL 60091, USA2,000-4,000 sq ft
- Warm Shell
Full Restaurant
5 photos
For Lease
$32/SF/yrNNN
Est. $16,856/mo all-in · 6,321 SF
3215 N Sheffield Ave, Chicago, IL 60657, USA6,321 sq ft
- Outdoor
- Bar Area
- Equipment Included
Full Restaurant
3 photos
For Lease
$2.25/SF/mo
Est. $2,700/mo all-in · 1,200 SF
2803 W Chicago Ave, Chicago, IL 60622, USA1,200 sq ft50 indoor · 50 patio
- Outdoor
- Parking
- Grease Trap
- 3-Comp Sink
Fast Casual
4 photos
For Lease
Contact for rate
2408 N Lincoln Ave, Chicago, IL 60614, USA1,000 sq ft
- Turnkey
- Equipment Included
- Hood: Type 1
Full Restaurant
5 photos
For Lease
Contact for rate
1001 N California Ave, Chicago, IL 60622, USA2,200 sq ft
- Outdoor
- Bar Area
- Turnkey
- Equipment Included
Drive Thru
For Lease
Contact for rate
6622 W Fullerton Ave, Chicago, IL 60639, USA2,790 sq ft
- Parking
- Drive-Thru
- Turnkey
- Equipment Included
Other
2 photos
For Lease
Contact for rate
7301 W North Ave, River Forest, IL 60305, USA11,979 sq ft
- Drive-Thru
- Ground Lease
Full Restaurant
10 photos
For Lease
$35/SF/moNNN
555 W Kinzie St, Chicago, IL 60654, USA6,172 sq ft
- Outdoor
- Parking
- Bar Area
- Grease Trap
Full Restaurant
13 photos
For Lease
$3,000/moMG
Est. $3,000/mo all-in · 1,086 SF
5959 W Diversey Ave, Chicago, IL 60639, USA1,086 sq ft
- Walk-In Cooler
- Walk-In Freezer
- Immediate Move-In
- Grease Trap
Full Restaurant
9 photos
For Lease
$3.33/SF/moNNN
Est. $4,490/mo all-in · 1,000 SF
2114 W Lawrence Ave, Chicago, IL 60625, USA1,000 sq ft
- Outdoor
- Grease Trap
- 3-Comp Sink
- Hood: Type 1
Full Restaurant
11 photos
For Lease
$4.17/SF/moNNN
Est. $7,875/mo all-in · 1,500 SF
3502 N Broadway, Chicago, IL 60657, USA1,500 sq ft
- Grease Trap
- 3-Comp Sink
- Hood: Type 1
Full Restaurant
8 photos
For Lease
$5,200/mo
Est. $5,200/mo all-in · 1,980 SF
524 Sheridan Rd, Highwood, IL 60040, USA1,980 sq ft199 seats
- Outdoor
- Grease Trap
- 3-Comp Sink
- Hood: Type 1
Full Restaurant
5 photos
For Lease
$4.58/SF/moNNN
Est. $6,138/mo all-in · 1,100 SF
2010 N Damen Ave, Chicago, IL 60647, USA1,100 sq ft
- Bar Area
- Turnkey
- Grease Trap
- 3-Comp Sink
Bar Lounge
10 photos
For Lease
$6.25/SF/moMG
Est. $10,438/mo all-in · 1,670 SF
3477 N Clark St, Chicago, IL 60657, USA1,670 sq ft
- Turnkey
- 3-Comp Sink
Fast Casual
6 photos
For Lease
$5.79/SF/moNNN
Est. $6,618/mo all-in · 1,143 SF
2557 N Halsted St, Chicago, IL 60614, USA1,143 sq ft
- Turnkey
- Grease Trap
- 3-Comp Sink
- Hood: Type 1
Full Restaurant
10 photos
For Lease
$5/SF/moNNN
Est. $5,548/mo all-in · 1,090 SF
1751 N Sheffield Ave, Chicago, IL 60614, USA1,090 sq ft
- Turnkey
- Grease Trap
- 3-Comp Sink
- Hood: Type 1
Full Restaurant
5 photos
For Lease
$1.92/SF/moNNN
Est. $14,400/mo all-in · 7,500 SF
1557 Sherman Ave, Evanston, IL 60201, USA7,500 sq ft
- Bar Area
- Walk-In Cooler
- Walk-In Freezer
- Turnkey
27 properties for lease
New
Full Restaurant
4 photos
For Lease
$1.83/SF/mo
Est. $2,582/mo all-in · 1,411 SF
1021 Fountain View Dr, Carol Stream, IL 60188, USA1,411 sq ft
- Parking
New
Non Hooded
2 photos
For Lease
$2/SF/mo
Est. $2,160/mo all-in · 1,080 SF
1011 W North Ave, Villa Park, IL 60181, USA1,080 sq ft
- Parking
- 3-Comp Sink
New
Full Restaurant
4 photos
For Lease
$2.92/SF/mo
Est. $9,475/mo all-in · 3,245 SF
19 W Ogden Ave, Westmont, IL 60559, USA3,245 sq ft
- Parking
- Grease Trap
- 3-Comp Sink
- Hood: Type 1
New
Full Restaurant
3 photos
For Lease
Contact for rate
631 E Boughton Rd, Bolingbrook, IL 60440, USA800-8,500 sq ft
- Parking
New
Full Restaurant
For Lease
$24.50/SF/yrCAM
Est. $5,502/mo all-in · 1,800 SF
8360 Cermak Rd, North Riverside, IL 60546, USA1,800 sq ft
- Parking
- Grease Trap
- 3-Comp Sink
- Hood: Type 1
New
Full Restaurant
4 photos
For Lease
$1.67/SF/moNNN
Est. $7,169/mo all-in · 2,565 SF
30 Meacham Rd, Schaumburg, IL 60193, USA2,565 sq ft
- Parking
- Grease Trap
- 3-Comp Sink
- Hood: Type 1
New
Full Restaurant
11 photos
For Lease
Contact for rate
325 W Front St, Wheaton, IL 60187, USA1,850 sq ft
- Parking
- Walk-In Freezer
- Grease Trap
- 3-Comp Sink
Full Restaurant
5 photos
For Lease
Contact for rate
2005 W Division St, Chicago, IL 60622, USA4,008-8,548 sq ft
- Outdoor
- Grease Trap
- 3-Comp Sink
Shell Space
5 photos
For Lease
Contact for rate
721 Green Bay Rd, Wilmette, IL 60091, USA2,000-4,000 sq ft
- Warm Shell
Full Restaurant
5 photos
For Lease
$32/SF/yrNNN
Est. $16,856/mo all-in · 6,321 SF
3215 N Sheffield Ave, Chicago, IL 60657, USA6,321 sq ft
- Outdoor
- Bar Area
- Equipment Included
Full Restaurant
3 photos
For Lease
$2.25/SF/mo
Est. $2,700/mo all-in · 1,200 SF
2803 W Chicago Ave, Chicago, IL 60622, USA1,200 sq ft50 indoor · 50 patio
- Outdoor
- Parking
- Grease Trap
- 3-Comp Sink
Fast Casual
4 photos
For Lease
Contact for rate
2408 N Lincoln Ave, Chicago, IL 60614, USA1,000 sq ft
- Turnkey
- Equipment Included
- Hood: Type 1
Full Restaurant
5 photos
For Lease
Contact for rate
1001 N California Ave, Chicago, IL 60622, USA2,200 sq ft
- Outdoor
- Bar Area
- Turnkey
- Equipment Included
Drive Thru
For Lease
Contact for rate
6622 W Fullerton Ave, Chicago, IL 60639, USA2,790 sq ft
- Parking
- Drive-Thru
- Turnkey
- Equipment Included
Other
2 photos
For Lease
Contact for rate
7301 W North Ave, River Forest, IL 60305, USA11,979 sq ft
- Drive-Thru
- Ground Lease
Full Restaurant
10 photos
For Lease
$35/SF/moNNN
555 W Kinzie St, Chicago, IL 60654, USA6,172 sq ft
- Outdoor
- Parking
- Bar Area
- Grease Trap
Full Restaurant
13 photos
For Lease
$3,000/moMG
Est. $3,000/mo all-in · 1,086 SF
5959 W Diversey Ave, Chicago, IL 60639, USA1,086 sq ft
- Walk-In Cooler
- Walk-In Freezer
- Immediate Move-In
- Grease Trap
Full Restaurant
9 photos
For Lease
$3.33/SF/moNNN
Est. $4,490/mo all-in · 1,000 SF
2114 W Lawrence Ave, Chicago, IL 60625, USA1,000 sq ft
- Outdoor
- Grease Trap
- 3-Comp Sink
- Hood: Type 1
Full Restaurant
11 photos
For Lease
$4.17/SF/moNNN
Est. $7,875/mo all-in · 1,500 SF
3502 N Broadway, Chicago, IL 60657, USA1,500 sq ft
- Grease Trap
- 3-Comp Sink
- Hood: Type 1
Full Restaurant
8 photos
For Lease
$5,200/mo
Est. $5,200/mo all-in · 1,980 SF
524 Sheridan Rd, Highwood, IL 60040, USA1,980 sq ft199 seats
- Outdoor
- Grease Trap
- 3-Comp Sink
- Hood: Type 1
Full Restaurant
5 photos
For Lease
$4.58/SF/moNNN
Est. $6,138/mo all-in · 1,100 SF
2010 N Damen Ave, Chicago, IL 60647, USA1,100 sq ft
- Bar Area
- Turnkey
- Grease Trap
- 3-Comp Sink
Bar Lounge
10 photos
For Lease
$6.25/SF/moMG
Est. $10,438/mo all-in · 1,670 SF
3477 N Clark St, Chicago, IL 60657, USA1,670 sq ft
- Turnkey
- 3-Comp Sink
Fast Casual
6 photos
For Lease
$5.79/SF/moNNN
Est. $6,618/mo all-in · 1,143 SF
2557 N Halsted St, Chicago, IL 60614, USA1,143 sq ft
- Turnkey
- Grease Trap
- 3-Comp Sink
- Hood: Type 1
Full Restaurant
10 photos
For Lease
$5/SF/moNNN
Est. $5,548/mo all-in · 1,090 SF
1751 N Sheffield Ave, Chicago, IL 60614, USA1,090 sq ft
- Turnkey
- Grease Trap
- 3-Comp Sink
- Hood: Type 1
Full Restaurant
5 photos
For Lease
$1.92/SF/moNNN
Est. $14,400/mo all-in · 7,500 SF
1557 Sherman Ave, Evanston, IL 60201, USA7,500 sq ft
- Bar Area
- Walk-In Cooler
- Walk-In Freezer
- Turnkey
Market Context
Understanding the West Loop Market
The West Loop and Fulton Market are the most prestigious restaurant addresses in the Midwest. Randolph Street, the dining corridor anchoring the neighborhood, has produced more James Beard Award winning restaurants per block than any other US restaurant street outside New York and California. The combination of Google's Chicago headquarters, McDonald's corporate HQ, and a dense tech and creative office population produces some of the highest weekday lunch and after work revenues in the country.
Lease rates are the highest in Chicago and among the highest in the Midwest. Randolph Street reaches $80 to $95 per square foot annually. Fulton Market and the surrounding blocks run $70 to $90. Adjacent submarkets like Greektown and the Near West Side sit at $55 to $72, offering meaningfully more accessible entry costs for concepts drawing on the West Loop customer flow.
West Loop restaurant economics are the most demanding in Chicago and reward only the most differentiated, well capitalized concepts. The trade off for the high occupancy cost is access to the most concentrated affluent customer base and food media attention in the Midwest. New entrants without established chef pedigree or strong investor backing typically struggle in the most premium Randolph Street blocks.
Popular Markets
Explore Other Restaurant Markets
West Loop's restaurant submarkets each carry distinct customer bases, lease economics, and concept fit. Choosing the right one matters as much as the concept itself.
- Randolph Street: Randolph Street is the highest profile dining corridor in the Midwest. Lease rates between Halsted and Ogden run $80 to $95 per square foot. Concepts here trade on chef pedigree, design, and James Beard caliber positioning. Customer base is a mix of locals, food tourists, and the rapidly growing tech worker population.
- Fulton Market: Fulton Market has transformed from meat packing district to tech and corporate office hub over the last decade. Google Chicago, McDonald's HQ, and numerous tech companies anchor weekday lunch and after work demand. Lease rates run $70 to $90 per square foot.
- Greektown and Near West Side: Greektown and the broader Near West Side blocks adjacent to the West Loop offer more accessible lease rates at $55 to $72 per square foot. Strong opportunity for concepts drawing on the West Loop dining flow without paying Randolph Street rents.
- United Center Adjacent and Convention Center Corridor: The United Center and McCormick Place convention center corridor drive event and tourism dependent revenues. Lease rates run $58 to $75 per square foot. Concepts here must structure for material event driven revenue swings.
Tenant Guide
How to Lease or Rent Restaurant Space in West Loop
Review the lease path
Ask whether the rentable opportunity is a direct lease, assignment, sublease, or turnkey build-out with existing restaurant infrastructure.
Check approvals
Confirm landlord consent, use approvals, health permits, alcohol licensing, signage, and local inspections for the address.
Model opening costs
Compare base rent, NNN, tenant improvements, equipment needs, deposits, and permit costs before submitting an offer.
For Owners & Brokers
Why Use Pepperlot to Find Restaurants for Lease in West Loop
Built exclusively for restaurant real estate.
Restaurant Only Listings
Every listing on Pepperlot is a restaurant or F&B space. No warehouses, offices, or unrelated commercial properties diluting your West Loop search.
Restaurant Specific Listing Fields
Hood systems, grease traps, walk-in coolers, liquor licenses, certificates of occupancy, seating capacity, patio availability. The details that drive restaurant decisions are in every listing.
Illinois Market Intelligence
Cuisine gap analysis, demographic data, and competitive landscape information for West Loop. Make a more informed decision before committing capital or signing a lease.
Confidential Listings
Some of the best West Loop restaurant opportunities are listed confidentially. Pepperlot gives you access to off market opportunities not available on general platforms.
Platform
How to Lease a Restaurant Space in West Loop
A step-by-step approach to acquiring your next location.
Browse Active Spaces
Filter West Loop restaurant spaces by submarket, size, lease rate, and specific features like hood systems, grease traps, outdoor seating, and existing liquor license eligibility. Every listing includes the operational details that matter for restaurant tenants.
Identify Second Generation Opportunities
Second generation restaurant spaces save $150,000 to $500,000 in build out costs. Confirm the existing hood type, grease trap capacity, plumbing condition, and electrical capacity match your concept's requirements before committing.
Contact the Landlord or Broker
Each listing displays the contact details for the landlord or listing broker. Reach out directly. Ask for the lease term, base rent, CAM charges, NNN structure, tenant improvement allowance, and any operational restrictions. West Loop landlords vary significantly in flexibility.
Negotiate Lease Terms
West Loop restaurant lease rates range from $65 to $95 per square foot annually. Negotiate beyond just the base rent. Personal guarantee structure, free rent periods, tenant improvement allowance, and renewal options often have more economic impact than base rent reductions.
About PepperLot
Built for Restaurant Space Search in West Loop
PepperLot organizes restaurant space searches around the details tenants need in West Loop: build-out condition, hood, grease trap, seating, rent structure, and permit context.
Frequently Asked Questions
What are restaurant lease rates in West Loop?
West Loop restaurant lease rates run roughly $65 to $95 per square foot annually, depending on submarket. Prime locations command the higher end of the range. NNN structures with CAM charges typically add $8 to $18 per square foot annually.
What submarkets in West Loop have the most restaurant spaces for lease?
On Pepperlot, the most active West Loop submarkets for lease listings are Randolph Street, Fulton Market, Greektown and Near West Side. Each carries different lease rates, customer bases, and concept fit. Choose the submarket where your concept aligns with the existing or growing customer mix.
What is a second generation restaurant space in West Loop?
A second generation space in West Loop is one that previously operated as a restaurant and retains the hood system, grease trap, plumbing, and venting infrastructure. These spaces save tenants $150,000 to $500,000 in build out costs and are the fastest path to opening, particularly in West Loop's established submarkets.
Are CAM and triple net charges common in West Loop restaurant leases?
Yes. Most West Loop restaurant leases are NNN, meaning the tenant pays property taxes, insurance, and CAM on top of base rent. CAM charges in West Loop shopping centers and mixed use developments typically add $8 to $18 per square foot annually. Always request the most recent CAM reconciliation.
Do I need a liquor license to lease a restaurant space in West Loop?
If your concept will serve alcohol, yes. Illinois requires both a state license from the Illinois Liquor Control Commission and a municipal license from the city or village. Some West Loop leases include the existing license in the assignment. Others require the tenant to apply separately, which can take 30 to 120 days depending on jurisdiction. Confirm with the landlord and licensing authority before signing.
Can I list a West Loop restaurant space for lease on Pepperlot?
Yes. Listing on Pepperlot is free. Create a West Loop-specific listing with the hood system type, grease trap status, square footage, lease rate, and CAM charges. Confidential options are available for landlords replacing struggling tenants without alerting current staff.