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For sale
Conventional restaurants
IL
Chicago
60607
1419 W Taylor Street

Little Italy Restaurant Building For Sale

1419 W Taylor Street, Chicago, IL 60607

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For Sale

$999,000

Two-story restaurant in Little Italy with rooftop and high visibility.

Type:Commercial/Industrial

Property size:

3,531 SF

Price / SF:

$282/SF

We can help!

Contact an agent

Moshe Weinberger

Real Estate License ID: 475183341

HighLights

Prime location in the heart of Little Italy: High visibility and foot traffic.
Fully equipped restaurant: Includes an 18' hood and walk‑ins.
Rooftop access: A unique feature offering potential.
ADA compliant: Ensures accessibility.
Proximity to Illinois Medical District: Close to a major employment hub.
Walking distance to UIC and CTA: Convenient access.

For Sale

$999,000

Two-story restaurant in Little Italy with rooftop and high visibility.

Type:Commercial/Industrial

Property size:

3,531 SF

Price / SF:

$282/SF

Added:: Jul 2, 2024
Days on Market:: 736
Last Refresh:: Apr 6 at 12:53 am

Property Features for 1419 W Taylor Street

General Information

Standard status: Active
Size: 3,531 SF
Property subtype: Commercial/Industrial

Building Details

Year Built: 1889

We can help!

Contact an agent

Moshe Weinberger

Listing office Strauss Realty Ltd

Listing date Jul 2, 2024

Source Exitrealty

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

All listing content including descriptions, pricing, images are the copyrighted material of Strauss Realty Ltd

HighLights

Prime location in the heart of Little Italy: High visibility and foot traffic.
Fully equipped restaurant: Includes an 18' hood and walk‑ins.
Rooftop access: A unique feature offering potential.
ADA compliant: Ensures accessibility.
Proximity to Illinois Medical District: Close to a major employment hub.
Walking distance to UIC and CTA: Convenient access.

Overview

Located in the heart of Little Italy, this two-story, freestanding restaurant building is available for sale. The property is situated on Taylor Street, a high-traffic area with excellent visibility. The restaurant is ADA-compliant and features an 18' hood, fridge and freezer walk-ins, a basement, a private party room, and a rooftop. Little Italy is a well-known dining destination with many established restaurants. The area is highly walkable with high foot traffic. The property is located near the Illinois Medical District, which includes four hospitals, 9,000 employees, and 50,000 daily visitors. It is also within walking distance of UIC, which has over 30,000 students. Conveniently located near the CTA Pink-Line Polk Station (9 minute walk) and I-90/94. The property size is 3,531 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$93.2k	$26.40
− Vacancy	−$5.6k	−$1.58
EGI	$87.6k	$24.82
− OpEx	−$21.9k	−$6.20
NOI	$65.7k	$18.61

3,531 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$938.8K

$821.5K – $1.10M (±1% cap)

NOI $65,719 @ 7.0% cap · market cap 6.58%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.66M

$1.46M – $1.94M (±1% cap)

NOI $116,540 @ 7.0% cap · market cap 11.67%

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

Property Profile Location Intelligence

Current Use by Public Records

George's Chicken & Shrimp Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.6625
Latitude: 41.8691

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For sale
Conventional restaurants
IL
Chicago
60607
1419 W Taylor Street

What type of property is this?

Conventional restaurant - Two-story restaurant in Little Italy with rooftop and high visibility.

Where is this conventional restaurant located?

The property is located at 1419 W Taylor Street Chicago, IL.

What is the asking price?

The asking price for this property is $999,000.

What are key features of this property?

This property features: Prime location in the heart of Little Italy: High visibility and foot traffic.; Fully equipped restaurant: Includes an 18' hood and walk‑ins.; Rooftop access: A unique feature offering potential.