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    Chicago, IL Commercial Real Estate for Sale

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    West Chicago, IL Cicero, IL Oak Park, IL David City, NE Berwyn, IL River Forest, IL Forest Park, IL Evanston, IL
    1,690 properties
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    Turnkey Restaurant Venue with PPA License
    Updated: Apr 14
    Turnkey Restaurant Venue with PPA License

    7455 W Irving Park Road, Chicago, IL 60634

    $949,000
    4,055 sqft 0.14 AC lot
    Rare opportunity to acquire a fully renovated, turnkey PPA‑licensed venue with uncommitted VGT potential, including Real Estate, Business, and Assets.
    Includes a Public Place of Amusement (PPA), Liquor, and Food license, enabling diverse revenue streams beyond traditional food and beverage.
    VGT‑ready game room is uncommitted, allowing the new owner to negotiate their own terminal operator agreement and incentives.
    Fully gut‑rehabbed in late 2024 with a new dining & bar space (seats 95) and a brand‑new, fully equipped commercial kitchen.
    Features a dedicated +15‑car parking lot with ample street parking and a 930 SF 3‑bedroom residential unit for additional income.
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    This listing looks promising.

    Here's a quick look at some key insights for

    7455 W Irving Park Road, Chicago, IL 60634

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    • Est. Cap Rate

      7.6%
      Above avg (5.9%)

    • Est. NOI

      $72K
      Annual

    • Price @ 7% Cap

      $1.02M
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1924
    View Property Analytics
    Turnkey Restaurant Venue with PPA License
    Updated: Apr 14
    Turnkey Restaurant Venue with PPA License

    7455 W Irving Park Road, Chicago, IL 60634

    $949,000
    4,055 sqft 0.14 AC lot
    Rare opportunity: Fully renovated, turnkey PPA‑licensed venue, including real estate, business, and assets.
    Licenses in place: Includes Public Place of Amusement (PPA), Liquor, and Food licenses for diverse revenue streams.
    Uncommitted VGT‑ready game room allows for favorable terminal operator agreement.
    Fully gut‑rehabbed in late 2024: Features a new dining & bar space (95 seats) and a brand‑new, fully equipped commercial kitchen.
    Dedicated +15‑car parking lot and a 930 SF 3‑bedroom residential unit for additional income.
    View details
    Turnkey Restaurant Venue with Licenses
    Turnkey Restaurant Venue with Licenses

    7455 W Irving Park Road, Chicago, IL 60634

    $949,000
    4,055 sqft 0.16 AC lot

    Fully renovated restaurant with licenses and residential unit for sale.

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    Corner Development Site in Chicago
    Corner Development Site in Chicago

    7455 W Irving Park Road, Chicago, IL 60634

    $949,000
    4,055 sqft 0.16 AC lot

    High-visibility corner lot with development potential in Belmont Heights/Dunning.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Turnkey Restaurant Opportunity in Chicago
    Turnkey Restaurant Opportunity in Chicago

    420 W Belmont Avenue, Chicago, IL 60657

    $649,000
    2,176 sqft 0.42 AC lot

    Below-market lease in East Lakeview, fully equipped restaurant with assets.

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    Prime Retail Space in Chicago
    Prime Retail Space in Chicago

    4411 N Kedzie Avenue, Chicago, IL 60625

    $759,000
    5,000 sqft 0.14 AC lot

    Commercial property in a high-traffic retail district.

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    Chicago Office Building with Parking
    Chicago Office Building with Parking

    6350 W 63rd Street, Chicago, IL 60638

    $1,295,000
    9,744 sqft 0.74 AC lot

    Two-story office building in Chicago's Clearing neighborhood.

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    Mixed-Use Building in Irving Park
    Mixed-Use Building in Irving Park

    4369 N Elston Avenue, Chicago, IL 60641

    $799,000
    5,000 sqft 2,950.00 AC lot

    Meticulously maintained mixed-use building with income potential and redevelopment flexibility.

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    Convenience Store Retail Building with Parking
    Convenience Store Retail Building with Parking

    5132 S Racine Avenue, Chicago, IL 60609

    $1,700,000
    0.94 AC lot

    Turnkey convenience store in brick masonry with outdoor parking, surveillance, workstations, and restrooms—ready for immediate operation.

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    Work-Live Mixed-Use Building
    Work-Live Mixed-Use Building

    2815 N Kimball Avenue, Chicago, IL 60618

    $524,900
    2,200 sqft 0.08 AC lot

    Three-unit property combines divisible office space with a residential unit, supporting work-from-home occupancy and tenant flexibility.

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    Prime Development Opportunity on 79th
    Prime Development Opportunity on 79th

    301 W 79th Street, Chicago, IL 60620

    $870,000
    7,600 sqft 0.45 AC lot

    19,625 sq ft lot in West Chatham.

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    Chicago Commercial Buildings For Sale
    Chicago Commercial Buildings For Sale

    1753-1759 W 79th Street, Chicago, IL 60620

    $459,000
    3,000 sqft 0.20 AC lot

    Three commercial buildings in a busy Chicago neighborhood retail location.

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    Wicker Park Corner Retail Building
    Wicker Park Corner Retail Building

    2357 W North Avenue, Chicago, IL 60647

    $549,900
    2,806 sqft 0.07 AC lot

    2,806 SF retail building in prime Wicker Park location.

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    Corner Retail Suite in New Elevator Building
    Corner Retail Suite in New Elevator Building

    1445 W Chicago Avenue, Chicago, IL 60642

    $749,000
    0.44 AC lot

    New construction corner space in an 18-unit elevator building with optional street parking acquisition.

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    Mixed-Use Property in Belmont Cragin
    Mixed-Use Property in Belmont Cragin

    5037 W Diversey Avenue, Chicago, IL 60639

    $529,900
    4,200 sqft 0.07 AC lot

    Two-story mixed-use property with commercial and residential space.

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    Mixed-Use Commercial Property, Chicago
    Mixed-Use Commercial Property, Chicago

    10610 S Vincennes Avenue, Chicago, IL 60643

    $285,000
    10,150 sqft 0.42 AC lot

    High-traffic location with mixed-use potential on Chicago's South Side.

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    Southport Corridor Storefront Opportunity
    Southport Corridor Storefront Opportunity

    2836 N Southport Avenue, Chicago, IL 60657

    $549,000
    1,900 sqft 0.07 AC lot

    Prime commercial condo in high-traffic Chicago retail district.

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    Chicago Motel Near Cottage Grove
    Chicago Motel Near Cottage Grove

    9112 S Cottage Grove Avenue, Chicago, IL 60619

    $2,450,000
    12,000 sqft 0.42 AC lot

    37-room motel in Greater Grand Crossing community for sale.

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    Chicago Motel with Restaurant Building
    Chicago Motel with Restaurant Building

    7621 S Cottage Grove Avenue, Chicago, IL 60619

    $2,300,000
    18,000 sqft 0.31 AC lot

    34-room motel with separate restaurant in Chatham neighborhood.

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    Midway Airport Commercial Assemblage Opportunity
    Midway Airport Commercial Assemblage Opportunity

    5944 W 65th Street, Chicago, IL 60638

    $3,195,000
    11,500 sqft 1.00 AC lot

    Large commercial assemblage near Midway Airport with redevelopment potential.

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    Mixed-Use Building in Chicago Lawn
    Mixed-Use Building in Chicago Lawn

    2852 W 63rd Street, Chicago, IL 60629

    $169,000
    3,000 sqft 0.07 AC lot

    Mixed-use property with commercial space and residential apartment in Chicago.

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    Mixed-Use Building in Roseland/Pullman Area
    Mixed-Use Building in Roseland/Pullman Area

    11131 S Michigan Avenue, Chicago, IL 60628

    $129,000
    4,000 sqft 0.07 AC lot

    Mixed-use building with commercial space and residential unit in Chicago.

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    Flex Warehouse with Office Space
    Flex Warehouse with Office Space

    242 N Western Avenue, Chicago, IL 60612

    $2,199,000
    0.18 AC lot

    Warehouse-office flex building with 17-foot ceilings, multiple loading docks, and fully conditioned work areas.

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    Multi-Unit Corner Retail & Office
    Multi-Unit Corner Retail & Office

    6501 - 6507 1/2 S Saint Lawrence Avenue, Chicago, IL 60637

    $375,000
    2,980 sqft 0.07 AC lot

    Corner property with five commercial spaces, including a built-out hair salon and a professional office suite, offering flexible income potential.

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    Chicago, IL Commercial Real Estate Market Trends and Statistics

    Explore 1690 commercial real estate for sale in Chicago, IL, showcased through 1690 active listings on our real estate platform. These investment opportunities span a total of 12,082,865 square feet of properties for sale, with an estimated market value of $1,596,763,316.

    Sale prices for business properties in Chicago, IL start at $31,750, averaging $2,137,568, and reaching up to $67,850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 2.91M
    Population Growth (5Y) +0.6%
    Median Household Income $76,477
    College Educated 44.3%

    High-Yield Neighborhoods for Investment

    Identify Chicago submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Evergreen Park $129K
    North Chicago $646.9K
    Chicago $1.2M
    Riverdale $1.2M
    Elmwood Park $1.3M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Chicago fall within the 10,000+ square foot range.

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    Most Searched ZIP Codes in Chicago, IL

    • 60618
    • 60611
    • 60612
    • 60647
    • 60623
    • 60609
    • 60641
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