Development & Restaurant Partners Wanted

One of Chicagoland's fastest-growing communities,  the Village of Oswego continues to redevelop and redefine its historic downtown along the scenic Fox River.

Over the last three years, tens of millions of dollars have been invested to catalyze new high-end, mixed-use developments which include several independent restaurants and retailers.  Join these other developments in this evolving commercial area. 

 

KEY DEMOGRAPHICS

• Median household income: $120,000
• Vehicles per day: 16,000 
• Population within 15 minutes: >270,000
• Daytime employees within 5 miles: 30,393
• Distance from I-88: 7 miles
• Distance from I-55: 10 miles

 

NEW BUSINESSES 

• The Shodeen Group completed construction on its new luxury 104-unit multi-family resdiential building in April 2026, which is just north of its existing project at 77 S. Adams St. The development also features a 123-space public parking deck. 

• The Travel Bug opened their new travel agency business at 116 S. Main Street in February 2026.

• Taco Dále Cantina hosted a grand opening for its new full-service restaurant at 123 Washington Street in August 2025.

• American-Male is a new men's apparel retailer that held a grand opening event for its new store at 27 Main Street in June 2025.

• Freddie's Off the Chain opened a new bricks-and-mortar Mexican-style restaurant at 11 S. Madison in April 2025.

• Nash Vegas Saloon, a new restaurant and live entertainment venue, opened in a former 6,200 SF brewery space in July 2024.

• Paws on Main, an independent pet supply retailer, opened in March 2024.

COMING SOON

• Bay 54 is a new upscale cocktail lounge being proposed at 57 Main Street by the same group that owns and operates "The Lewis" in St. Charles. They are in the midst of their substantial buildout which is expected to be completed by June 2026. 

• Harrison Street Square is under construction on a mixed-use concept comprised of small pop-up shops, the conversation of a former industrial building to a new retail center, and community open space at 174 Harrison Street.  The retail conversation, which is the first phase of the project, is currently underway with two committed tenants in Barkville Buddies and TermiNader Fitness. Construction on the first phase is ongoing and expected to be completed by Fall 2026 before starting the second phase of the project outside of the building. 

• Billy Bricks Wood Fired Pizza has signed a lease to take over the vacant building at 5 S. Madison Street next to Freddie's Off the Chain.  They are currently in for permits and will soon be starting their substantial buildout which is expected to be by the end of 2026.

INVESTMENT OPPORTUNITIES

Incentives may be available for your project. You can view more detailed site specs by clicking on the associated links below. You can also view a full list of available investment opportunities here.

Contact Economic Development Director Kevin Leighty at kleighty@oswegoil.org or (630) 551-2334 for more information and to get started. To view additional development opportunities in other commercial areas of Oswego, click here.