Monarca Restaurant

Investment Overview

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

Area Overview

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

Highlights

• 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.