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Clearing

92 restaurants have held a licence here since 2002. 51 are trading today. Rent tier: Tier 3 · Emerging.

How long restaurants last here

76%
still open four years on (79 matured)
61%
Chicago overall
14.8 yrs
median tenure

That is 15 points above the citywide rate. This measures outcomes, not the quality of a place. Access to capital, insurance, lending and daytime foot traffic all move it, and none of them appear in a licence record. Read it as a description of what has happened here, not as a verdict on the neighbourhood or on anyone trading in it.

What is open here now

The concept mix among the 51 restaurants currently trading. 8 opened in the last two years.

ConceptOpen nowShare
Restaurant (unspecified)1122%
Mexican1020%
Italian / Pizza714%
Coffee / Cafe510%
American / Burger510%
Bakery / Dessert510%

Addresses that have turned over most

Storefronts in Clearing that have hosted the most separate restaurants. A high count is not a verdict on the address either — but it is the first thing worth knowing before signing one, and it is the question a broker will not raise.

AddressRestaurantsOpen now
6445 S CICERO AVE50History
6659 S CICERO AVE 131History
5723 W 63RD ST31History
6350 S CICERO AVE31History
6044 W 63RD ST 1ST31History
6643 S CICERO AVE31History

A neighbourhood is not an address.

Everything above describes Clearing as a whole. The record for one storefront is usually more decisive than the average around it, and the read scores a specific concept at a specific address for a specific operator.

Read an address in Clearing