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    113 E 51St St Chicago, IL 60615

    For Lease
    $37 SF/Yr

    Commercial Lease - Chicago, IL

    Days on Market:
    120
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 113 E 51St St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RTAIL

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2005
    Number of units
    1
    Architectural style
    Other

    Keller Williams Chicago ONEChicago (312) 216-2422 [email protected]

    Listing agent Anthony Hardy (312) 216-2422 License #475139834

    Listing date Aug 18, 2025

    MLS# 12448810 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant/Retail Space in Chicago

    Located on the border of Bronzeville and Washington Park in Chicago, this 850 square foot second-generation restaurant space is situated in a well-trafficked shopping center. The space benefits from foot traffic generated by neighboring tenants such as BaBa's Famous Steak & Lemonade and Jamaican Gates. The location is suitable for restaurant, retail, or office use. It features a hood and kitchen setup, and ample shared parking. The property is located on the 51st Street Corridor.
    Location Intelligence

    Current Use by Public Records

    Boost Mobile Cell Phone Store Truffle Grill Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Ms. Biscuit, Gorée Cuisine

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.621862
    Latitude
    41.801955

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    FAQs

    What type of property is this?
    Restaurant - 850 SF restaurant or retail space in vibrant Chicago corridor.
    Where is this restaurant located?
    The property is located at 113 E 51St St Chicago, IL.
    What is the lease rate?
    The lease rate is $37 SF/Yr.
    What are key features of this property?
    This property features: - Turnkey 850 SF second-generation restaurant space with existing hood and kitchen setup.; - Highly visible location in the heart of the 51st Street Corridor on the border of Bronzeville and Washington Park.; - Strong neighboring tenants (BaBa's Famous Steak & Lemonade, Jamaican Gates) and high daily foot traffic.
    (312) 216-2422
    Request Owner's contact information
    113 E 51St St Chicago, IL 60615
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    Chicago, IL 60615
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    113 E 51St St Chicago, IL 60615
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