Prime Wicker Park Restaurant Property For Sale

Chicago, IL (Cook County)

Prime Wicker Park Restaurant Property For Sale
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Asking Price: Get Financing: $2,650,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: N/A

Prime Wicker Park Restaurant Property For Sale

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Business Description

The subject property consists of a multi-level restaurant (ground, lower and mezzanine plus several storage sections) in a four-story, built circa 2007 mixed-use condominium building. The spaces are divided fee simple interests and consist of three levels and several unfinished storage rooms containing a total floor area of 6,300± square feet (of which it is estimated that 1,480± square feet is unfinished and used for storage or mechanical equipment). The entire building is situated on an 8,734± square foot site zoned B3-3, Community Shopping District in Chicago, Illinois.

The average price per square foot for market comparable sales of retail/mixed-use/restaurant buildings along Wicker Park's Division Street corridor is over $490/sf.

PLEASE NOTE: This offering is for the sale of the real estate and restaurant FF&E only. The trade names, intellectual property and other assets of the underlying operating entity are not included as part of the sale. Only publicly available information such as real estate taxes will be available to potential buyers.

Attached Documents


Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
6,300
Facilities:
Price: $2,650,000 | Building Size: 6,300 SF | Property Type: Restaurant/Bar with RE | Total Lot Size: 8,734 SF Year Built: 2007 | Year Renovated: 2016 | Zoned B3-3 | CAP Rate: 7.92%
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Timothy Rasmussen

Business Listed By:
Tim Rasmussen

SVN | Chicago Commercial

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Sponsoring Broker:
Scott Maesel

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