Second Generation Restaurant
111 North Wabash Avenue, Chicago, IL 60602
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
Reach out to the broker for more info on lease terms and amenities
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Contacts
KW ONEChicago
Building Details
- For Sale $249,000
- Property Type Retail - Restaurant
- # of Floors 22
- Property Tenancy Single Tenant
- Building Class A
- Year Built 1915
- Year Renovated 2007
- Date Updated May 16, 2026
Getting Around
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Walk Score ®
Walker's Paradise (100) -
Transit Score ®
Rider's Paradise (100) -
Bike Score ®
Very Bikeable (80)
Location
- City Chicago, IL
- Neighborhood Downtown Chicago
- Zip Code 60602
- Market Chicago
Points of Interest
Lake
0.12 miles
State/Lake
0.19 miles
Adams/Wabash
0.27 miles
Harold Washington Library-State/Van Buren
0.48 miles
Quincy
0.52 miles
Merchandise Mart
0.55 miles
Grand
0.59 miles
Clinton
0.80 miles
Chicago
1.03 miles
ChargePoint
0.60 miles
BP
0.76 miles
Blink
1.09 miles
Shell
1.10 miles
Volta
1.11 miles
Citgo
1.35 miles
Blink ParkChip Garage - 1035 Van Buren
1.48 miles
Electrify America
1.61 miles
eVgo
1.64 miles
60 East Lake Self Park
0.17 miles
Prudential Plaza
0.20 miles
Hotel Parking
0.21 miles
Theater District Self Park
0.21 miles
One East Wacker
0.22 miles
55 East Monroe Self Park
0.23 miles
Millennium Garage
0.25 miles
Government Center Self Park
0.27 miles
33 West Monroe
0.27 miles
Burlington
0.09 miles
Ross
0.09 miles
TJ Maxx
0.10 miles
Millennium Station/Pedway
0.13 miles
Target
0.14 miles
Block 37 Shops
0.15 miles
Saks Off 5th
0.16 miles
Bockwinkel's
0.31 miles
Mariano's Fresh Market
0.38 miles
111 North Wabash Avenue Listing Summary
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What is the asking price at Second Generation Restaurant?
Second Generation Restaurant is currently listed for sale at Contact for pricing.
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What is the total size of Second Generation Restaurant?
Second Generation Restaurant has a total of 259,000 square feet.
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What is the year built for Second Generation Restaurant?
The year built for Second Generation Restaurant is 1915.
KW ONEChicago