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1002 W Argyle St
Chicago, IL 60640
Fully-Equipped Fast-Casual Restaurant · Property For Lease · 1,000 SF

About the Property

A highly rated fast-casual restaurant serving delicious authentic Indian & Mediterranean fare. Offering flavorful appetizers, soups, rice, chicken, lamb, beef, seafood and vegetable entrees, plus Naan options. As well as desserts and drinks. Dine in, carry out and delivery, plus catering. Online ordering also available. Current hours limited, only open for dinner. BYOB - bring your own beer and wine. Simple operation. Nicely built-out. Clean, modern interior. Cozy atmosphere with wood paneled walls and warm lighting. Beautiful artwork. Spacious dining area. F ully equipped kitchen. POS system included. Low monthly expenses. Turnkey. Keep the current concept or make it your own in this ideal location! Prime retail space in the heart of Chicago’s popular Uptown neighborhood on Argyle St with plenty of pedestrian foot traffic and ample parking right outside the door. Perfectly situated on the corner of newly renovated Argyle St & Sheridan Rd. Conveniently located near the CTA's Argyle Red Line stop, which received $10 million in improvements in 2012. Also, close to the lake shore. Part of Harry Osterman's new $5 million Argyle Street Renovation! A "shared street" project that has transformed a 3-block stretch of Argyle St in Uptown into a European-style plaza boulevard where pedestrians, bicyclists and motor vehicles co-exist. The makeover of the Argyle area, home to a significant Asian population from various countries with many thriving Asian & Vietnamese owned businesses, is "perfect in the future development of Uptown." The redesign included new lighting, planters, trees and other improvements. It’s anticipated that the changes on Argyle will boost business. The project has marketing benefits too because it helps "give Argyle a more distinctive cultural brand and image." That identity has helped Argyle St become more of a destination for people with spending power and those looking for a cultural experience. The renovation also created space for outdoor cafes and provided flexibility to easily close the street to vehicles to host special events, such as Chinese New Year festivities and the Argyle Night Market held weekly in the summer drawing over 20,000 attendees. Year Restaurant Established: 2013 Leased space - $1,700/mth includes rent, CAM, insurance and taxes. Current lease expires in Apr 2020 with one 3-year option. Landlord open to more options if desired. Square Feet: 1,000 Seating: 32 (Room For More) Days/Hrs of Operation: Tu-Su 5p-10p (Closed Mondays) # Of Employees: 2 + 2 Owners Training: One week on-site comprehensive training Value of FF&E: $50,000 Competition/Market: Currently the one-stop spot for Masala Indian and Mediterranean cuisine in Uptown! Known for its modern interpretation of classic dishes and using the highest quality & freshest ingredients. Wonderful welcoming service. Homemade comfort food from India! Growth & Expansion: A real gem! Local favorite. Lots of regulars. A staple in Uptown. The go-to restaurant for tasty Indian food. Highly recommended. Great reputation to build upon. Family owned and operated. Current owner lives far away and would like to work closer to home. Highly confidential listing, please do not discuss with employees or patrons. Showings by appointment only. Assets also for sale - $55,000. Listed by Tom Traina at EatZ & Associates / American Realty Network Inc

Property Facts

Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Size 1,000 SF
Year Built 1912
  • Listing ID: 9829084

  • Date on Market: 11/1/2017

  • Last Updated:

  • Address: 1002 W Argyle St, Chicago, IL 60640

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