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    224 E 103Rd St Chicago, IL 60628

    For Lease
    $27 SF/Yr ($5,062 /Mo)

    Second-generation restaurant with drive-thru, ready for new concept.

    Property size:
    2,250 SF
    Lot size:
    0.36 Acres

    Property Features for 224 E 103Rd St

    General Information

    Size
    2,250 SF
    Lot size
    0.36 Acres

    Source: Jameson Commercial Agent Enrique Guadalupe

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

    Overview

    Restaurant with Drive-Thru Available

    This is a second-generation restaurant space available for rent, featuring a drive-thru. The property includes hood ventilation, a walk-in cooler, and a freezer. A parking lot provides space for 24 vehicles. The location benefits from high visibility due to a pylon sign. The space is ready for a new restaurant concept. The property is located near the #103 103rd Street CTA Bus and a Divvy Bike Station at 103rd St & Indiana. Traffic counts show 10,150 vehicles per day on 103rd Street and 7,900 vehicles per day on Michigan Ave. The property size is 2,250 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Burger King Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6178042
    Latitude
    41.707532

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    FAQs

    What type of property is this?
    Drive through restaurant - Second-generation restaurant with drive-thru, ready for new concept.
    Where is this drive through restaurant located?
    The property is located at 224 E 103Rd St Chicago, IL.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: - Existing restaurant infrastructure: includes hood ventilation, walk-in cooler, and freezer.; - Drive-thru: a highly desirable feature.; - Ample parking: dedicated parking lot with 24 spaces.
    (312) 216-8000
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    224 E 103Rd St Chicago, IL 60628
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    Chicago, IL 60628
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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
    224 E 103Rd St Chicago, IL 60628
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