CBRE Announces Sale or Lease Opportunities for Two Former District Brew Yards Locations in Chicago

CBRE has been retained as the exclusive agent to market two former District Brew Yards properties for sale or lease: a 17,290-square-foot brewery and food hall at 417 North Ashland Avenue in Chicago’s West Town neighborhood and an 11,906-square-foot property at 700 North Milwaukee Avenue in Wheeling, Illinois.

CBRE’s Dominic Soltero and Tom Svoboda are marketing the properties on behalf of ownership. Both properties were purpose-built as brewery and food hall concepts and feature indoor and outdoor seating, making them ideal for operators seeking turnkey solutions in high-demand markets.

417 North Ashland Avenue
Located at the border between West Loop and West Town, the Chicago property offers a prime corner location with 175 feet of frontage on Ashland Avenue. The building includes updated mechanical systems, four drive-in doors, and an outdoor patio. Zoned PMD-4B, the property sits near a proposed Metra station, the CTA Green and Pink Lines, and The 1901 Project, a major development set to revitalize the area surrounding the United Center.

700 North Milwaukee Avenue
Situated 45 minutes northwest of Chicago, the Wheeling property spans 2.81 acres and includes seating for more than 260 patrons across indoor and outdoor spaces, plus 126 surface parking spaces. The site benefits from proximity to Lake Cook Road, major suburban thoroughfares, and nearby hospitality and residential developments.

“These properties present a rare opportunity for food and beverage operators or investors to secure fully built-out brewery and dining spaces in two distinct, high-traffic markets,” said Soltero. “Whether expanding an existing concept or launching a new venture, both locations offer strong fundamentals and immediate operational potential.”