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    2701 W 23Rd St Chicago, IL 60608

    Sponsored
    For Sale
    $325,000

    COMMERCIAL - Chicago, IL

    Lot size:
    0.07 Acres
    Days on Market:
    83
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for 2701 W 23Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RTAIL
    APN
    16252060160000
    Lot size
    0.07 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Rubber

    RE/MAX City (773) 775-0600 [email protected]

    Listing agent Rafael Rodriguez (773) 848-5568

    Listing date Oct 15, 2025

    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

    Corner Building with Grocery Store

    This well-maintained corner brick building features an operational grocery store with a full meat department (carniceria) and a fully operational quick-service restaurant (taqueria) with a complete commercial kitchen and food preparation areas. The restaurant, located at the back of the building, has its own street entrance and access through the grocery store. Most of the equipment and fixtures in the grocery store, meat department, and restaurant are included. Ample storage is available in the basement. This corner business has been fully operational since 1957 and is located on a high-visibility corner in a high foot traffic neighborhood near churches and schools in the West Pilsen neighborhood. The restaurant area is leased month-to-month, while the grocery store is owner-operated. The lot size is 0.07 acres. The zoning is RTAIL. The property presents an opportunity to own a business and real estate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tacos Princess Restaurant La Cocina de ... Mexican Restaurant Mi Lupe Grocery Store

    Suggested Use

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

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

    Similar Places Nearby

    Super Mercado Guerrero, La Familia Market, Cermak market, Sucursal De Iguala Guerrero, Super Mercado Gonzalez

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6931072
    Latitude
    41.8498568

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    FAQs

    What type of property is this?
    Grocery and convenience store - Well-maintained commercial building with grocery store and restaurant in Chicago.
    Where is this grocery and convenience store located?
    The property is located at 2701 W 23Rd St Chicago, IL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Established corner brick building with two operational businesses: grocery store with meat department (carniceria) and quick-service restaurant (taqueria).; - Includes **fully equipped commercial kitchen and food preparation areas** for the restaurant.; - **High-visibility corner location** in a high foot traffic neighborhood near churches and schools.
    (773) 848-5568
    Request Owner's contact information
    2701 W 23Rd St Chicago, IL 60608
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    Chicago, IL 60608
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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
    2701 W 23Rd St Chicago, IL 60608
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