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    2132 W Chicago Ave Chicago, IL 60622

    For Sale
    $725,000

    Restaurant - Chicago, IL

    Property size:
    1,250 SF
    Days on Market:
    66
    Last Refresh:
    Dec 10 at 2:06 pm

    Property Features for 2132 W Chicago Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    17063300270000
    Size
    1,250 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1921
    Number of units
    1
    Architectural style
    Other

    eXp Realty, LLC (888) 574-9405 [email protected]

    Listing agent Jason Merel (888) 574-9405 License #475154828

    Listing date Oct 6, 2025

    MLS# 12487509 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

    West Town Restaurant Investment Opportunity

    Located in Chicago's West Town corridor, this single-story brick commercial building presents an opportunity for investors and owner-users. The property features approximately 934 square feet of interior space with a 9-foot ceiling height. A new roof was installed in 2024. The property includes a two-car garage suitable for parking or storage. The flexible B3-2 zoning designation accommodates a range of commercial uses. The building is currently leased to Takie Outit (Alpha Dynasty, LLC) through August 2026, with the tenant responsible for all utilities. The landlord covers taxes, insurance, and structural responsibilities. The property is serviced by City of Chicago water, ComEd electric, and Peoples Gas. The property, which is not located in a TIF or Opportunity Zone, offers cash flow with long-term upside. The property size is 1250 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Takie Outit Chinese Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Similar Places Nearby

    Katr2U, Neal's Gourmet Catering, Entertaining Company, Mac Dynamite, Rowan Catering

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.680878
    Latitude
    41.896129

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    FAQs

    What type of property is this?
    Restaurant - Income-producing commercial building in Chicago's vibrant West Town corridor.
    Where is this restaurant located?
    The property is located at 2132 W Chicago Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: - Income-producing property leased through August 2026, providing immediate cash flow.; - Prime location in Chicago's vibrant West Town corridor.; - Flexible B3-2 zoning allows for a range of commercial uses.
    (888) 574-9405
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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
    2132 W Chicago Ave Chicago, IL 60622
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