61 Restaurants for Sale in Chicago

Market Overview

In Chicago, restaurants for sale are currently averaging a cap rate of 6.72%, which has held below the Illinois state average throughout all seven months of data tracked in 2026. Even as Chicago's average cap rate rose +110 bps from 5.60% in Q1 to 6.70% by Q3 2026, compared to a +44 bps rise at the state level over the same period.

• The average price per square foot for Chicago restaurants for sale currently stands at $415. Historically, Chicago pricing rose gradually from $384 per square foot in Q1 2026 to $416 by Q3 2026, while Illinois as a whole moved from $341 to $397 over the same period. Chicago's per-square-foot prices have remained higher than the state average across every month of data.
• There are currently 65 restaurants for sale in Chicago. Active listing counts held relatively steady across the tracked period, moving from 59 in Q1 2026 to 63 in Q3 2026, a pattern that mirrors the state level, where listings moved from 271 to 282 over the same months.
• The average size of Chicago restaurants for sale is currently 7,923 SF, with the largest available space reaching 65,400 SF. Historically, average building size in Chicago edged down from 8,798 square feet in Q1 2026 to 8,275 square feet in Q3 2026, while the Illinois state average moved in the opposite direction, rising from 8,375 to 9,746 square feet across the same period.