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    83rd E St, Unit 33 Chicago, IL

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    For Sale
    $1,050,000

    5,200 SF space ideal for restaurant, medical, or coworking.

    Property size:
    5,200 SF
    Lot size:
    0.14 Acres

    Property Features for 83rd E St

    General Information

    Size
    5,200 SF
    Lot size
    0.14 Acres

    Source: CRER Agent Michael Weaver

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

    Overview

    Chatham Freestanding Restaurant/Office Space

    Located in Chatham, this 5,200-square-foot freestanding building offers visibility near the Dan Ryan Expressway and 83rd Street. The property, previously a restaurant, features large windows along the entire facade and includes 39 parking spaces. The space is suitable for a restaurant, medical office, dental office, or co-working space.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Similar Places Nearby

    Shirley's Catering, Main Ingredient Catering, All Occasion Catering, Reen's Catering, NOLA N'awlins Style Catering

    Map

    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6531805
    Latitude
    41.9007097

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    FAQs

    What type of property is this?
    Restaurant - 5,200 SF space ideal for restaurant, medical, or coworking.
    Where is this restaurant located?
    The property is located at 83rd E St, Unit 33 Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - Excellent Chatham location with ideal visibility at the Dan Ryan and 83rd St.; - Free standing **5,000 Sq. Ft.** 2nd generation restaurant space; - **39 parking spaces**
    (312) 446-5018
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    83rd E St, Unit 33 Chicago, IL
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    Chicago, IL
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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
    83rd E St, Unit 33 Chicago, IL
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