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    2859 W Cermak Rd Chicago, IL 60623

    For Lease
    $3,000 /Mo ($16 SF/Yr)

    1,400 SF restaurant space for lease in Little Village.

    Property size:
    2,143 SF
    Lot size:
    2,143 SF

    Property Features for 2859 W Cermak Rd

    General Information

    Size
    2,143 SF

    Source: Jacob Strom Agent Jacob Strom

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant Space in Little Village

    Located on Cermak Road in Chicago's Little Village neighborhood, this 1,400 square foot turnkey restaurant space benefits from high visibility and strong pedestrian activity. The location sees over 28,000 vehicles per day. The property offers the potential for 1–2 parking spaces or a patio in the rear. Existing kitchen equipment may be available as part of a separate or negotiated package. The area is known for its mix of local shops, restaurants, and neighborhood businesses. The property has flexible B3-2 zoning and a strong local customer base. There is good national, regional and local co-tenancy in the immediate area. The property has a loading zone for temporary parking in front of the space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pizza Tango Pizza Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    Lucero, Just Like U Just Like It, Dragon Bites, Banquetes Mi Cuernavaca, Zeitlin's Kitchen (only for pick-up and delivery)

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6977138
    Latitude
    41.8516098

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    FAQs

    What type of property is this?
    Restaurant - 1,400 SF restaurant space for lease in Little Village.
    Where is this restaurant located?
    The property is located at 2859 W Cermak Rd Chicago, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Turnkey restaurant space ready for immediate operation.; - Excellent visibility on busy Cermak Road with high pedestrian and vehicle traffic.; - Located in the vibrant Little Village neighborhood with a strong local customer base.
    (319) 621-1307
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    2859 W Cermak Rd Chicago, IL 60623
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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
    2859 W Cermak Rd Chicago, IL 60623
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