Second Generation Restaurant

Investment Overview

For Sale | Second-Generation Restaurant in the Iconic Garland Building

Former Home of Heaven on Seven

Property Overview

An extraordinary opportunity to acquire a fully built-out restaurant space in the historic Garland Building, located in the heart of Chicago’s Loop. This second-generation restaurant—formerly the iconic Heaven on Seven—offers a plug-and-play solution with existing infrastructure, an unbeatable location, and a built-in customer base.

• Units: 700 & 703
• Total Size: ±3,025 SF
• Unit 700 & Back Office: ±2,536 SF
• Separate private office: ±528 SF
• Dual walk-in cooler: 13’ x 6’
• Unit 703: ±489 SF
• Walk-in cooler: 7’ x 9’ (8’ tall)
• Private office
• Kitchen equipped with a 13’ Type-1 hood
• Use: Second-generation restaurant with existing buildout
• Building: The Garland Building – 22-story Chicago Landmark office condominium
• Location: Prime Loop corner, directly across from Macy’s, steps from Millennium Park, Michigan Avenue, and State Street retail
• Parking: Valet service available
• Transit: CTA “L” station located at building entrance (Red, Brown, Green, Orange, Pink, and Purple lines)

Investment Highlights

• Proven Restaurant History: Former home of Heaven on Seven, operated successfully for four decades
• Plug-and-Play Buildout: Existing kitchen, dining room, dual walk-in coolers, and back-of-house infrastructure ready for immediate occupancy
• Flexible Layout: Includes private offices and dedicated storage/cooler areas, ideal for restaurant operations
• Unbeatable Location: High-profile Loop setting with direct access to office workers, tourists, shoppers, and theater-goers
• Historic Landmark Building: Blends architectural character with modern office/retail synergy

 

The Space

Purposefully designed to support high-volume foodservice and delivery operations, this space retains the charm and functionality that supported one of Chicago’s most recognized restaurants for four decades.

• Fully equipped with operational hood system and open kitchen layout
• Separate cold storage room with walk-in coolers and freezer
• Dedicated back-of-house prep and storage area
• Adaptable dining room layout, ideal for fast casual or dine-in service
• Light-filled interior and prominent positioning on the 7th floor of the building
• Perfect for ghost kitchens, catering, concept testing, or traditional full-service dining
• Immediate rebranding or continued use with minimal downtime

Delivery & Office Market Opportunity

Rather than competing with nearby listings, this restaurant stands out with unmatched access to a massive built-in daytime customer base. The Loop is the largest and densest office district in Chicago, making this a prime delivery-focused location.

• Over 2,810 office buildings totaling 21M+ SF in downtown Chicago
• Within a five-block radius, dozens of Class A & B towers house tens of thousands of professionals daily, including 77 West Wacker, Leo Burnett Building, 333 South Wabash, and Michigan Plaza
• The Garland Building alone includes 170+ office condos, largely occupied by medical, legal, financial, and nonprofit professionals—offering immediate on-site demand
• Direct access to food delivery drivers via CTA “L” and major ride-share/delivery routes
• High-potential for lunch rush, corporate catering, recurring meal plans, and app-based delivery
• Excellent setup for high-demand cuisine types such as Asian, Mexican, Mediterranean, or health-forward fast-casual
• The location could serve as the Loop’s food nucleus for modern delivery-first or hybrid dine-in operations

The Garland Building

A distinguished presence in the Loop since 1914, the Garland Building was converted to office condominiums in 2005 and remains a popular choice for professionals across industries.

• 22 stories of landmark architecture with updated infrastructure
• 170+ individual office condos with strong occupancy
• Tenant mix: Healthcare, law, consulting, nonprofits, therapists, and financial professionals
• Amenities include seven passenger elevators and a freight elevator
• 24/7 building access and security
• On-site management and concierge services
• Conference space access
• Steam-based HVAC
• Daily janitorial services for common areas
• Professionally managed, clean, quiet, and well-run

Location Highlights

Positioned for both daytime office demand and evening/weekend tourism, this location offers constant foot traffic and visibility.

• Located on State Street across from Macy’s flagship
• Steps to Millennium Park, Michigan Avenue, the Art Institute, Chicago Cultural Center, and lakefront attractions
• Surrounded by national retailers and eateries including Starbucks, Chick-fil-A, Panera, Walgreens, Five Guys, and Garrett Popcorn
• Prime access point for delivery services and drivers via public transit, with CTA station directly at the entrance
• Walkable to the highest pedestrian corridors in Chicago’s downtown core
• Strong lunch and dinner traffic from both workers and tourists

Legacy of Heaven on Seven

From 1980 to 2020, this space was home to one of Chicago’s most beloved restaurants—Heaven on Seven, a Creole/Cajun institution known for its welcoming vibe and hot sauce wall.

• 40-year run with wide recognition across Chicago
• Popular with locals, tourists, and office tenants
• Built-in legacy and goodwill for an incoming operator
• Maintains elements of original charm while offering flexibility for future concepts

For Further Information, Please Contact:

Manny Regalado

Senior Director

KW Commercial

312.730.2029 (m)

312.216.2422 (o)

mregalado@kwcommercial.com (e)

KW Commercial

Area Overview

- The Loop, Downtown Chicago

Highlights

1. Legacy Restaurant Space – Former home of Heaven on Seven, a Chicago dining institution with a 40-year track record.

2. Turnkey Buildout – Fully equipped kitchen with 13’ Type-1 hood, dual walk-in coolers, prep/storage areas, and adaptable dining layout.

3. Prime Loop Location – Directly across from Macy’s, steps to Millennium Park and State Street retail, surrounded by top attractions.

4. Massive Built-In Customer Base – Immediate access to 170+ office condos within the Garland Building and thousands of professionals nearby.

5. Historic Landmark Setting – Located in the 22-story Garland Building, blending architectural character with modern infrastructure.

6. Transit & Delivery Advantage – CTA “L” station at building entrance plus strong accessibility for delivery, catering, and dine-in traffic.