734 Fullerton Ave Chicago, IL 60614
Single-tenant restaurant in Lincoln Park with catering kitchen.
Property Features for 734 Fullerton Ave
General Information
- Standard status
- Active
Source:
Exprealty
Listing Agency: Strauss Realty Ltd Listing Agent: Jarrett Fradin
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Lincoln Park Restaurant Investment Opportunity
This single-tenant restaurant is an income-generating investment opportunity located in the heart of Lincoln Park. The property is NNN leased and situated steps from the five-corner intersection of Fullerton, Lincoln, and Halsted, as well as DePaul University. The restaurant features a high-quality build-out with an 8-foot hood. The second floor is completely built-out as a catering/commissary kitchen, equipped with its own black iron, Type I hood and separate ingress/egress. The property is located on busy Fullerton Avenue, which sees 17,700 vehicles per day. It is within walking distance of DePaul University, one of the nation's top 10 largest private universities. Nearby businesses include Studio Three, FedEx, Equinox gym, and Chase Bank. The Brown Line is a 5-minute walk away. The population within a 3-mile radius is 494,774, with an average household income of $140,348. The Net Operating Income (NOI) is $61,225, with a cap rate of 6%.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Mochinut
Donut Shop
Similar Places Nearby
Raj Darbar, The Fat Shallot Lincoln Park, Edible Works of Art, Hinton Cannery, Inc., Chicago Famous Caterer (ZZK Catering)
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6477834
- Latitude
- 41.9256896
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - Single-tenant restaurant in Lincoln Park with catering kitchen.
Where is this restaurant located?
The property is located at 734 Fullerton Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: - NNN leased investment property with existing income stream (NOI: $61,225, Cap Rate 6%).; - Prime Lincoln Park location near the high-traffic Fullerton/Lincoln/Halsted intersection and DePaul University.; - High-quality restaurant build-out with 8' hood.