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Updated Restaurant With Ice Cream Station
For Sale
Contact for pricing
Pending

5423 West Belmont Avenue, Chicago, IL 60641

Updated restaurant sale includes equipment and inventory, seating up to 40, with front/side parking for four vehicles.

Property Size1,500 SF
Days on Market140

Property Features for 5423 West Belmont Avenue

General Information

Standard status Pending
Size 1,500 SF
Total Parking Spaces 4
Property subtype Retail

Additional Details

Business Included Yes
Listing Agency: RE/MAX City
Listed By: Alcides Rodriguez · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 26 at 8:31PM

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 RE/MAX City

Investment Insights

Based on property information with market context.

This for-sale restaurant operation offers approximately 1,500 square feet with seating capacity for up to 40 guests. The updated space includes a well-sized ice cream station, and the sale is structured as “business only,” with all equipment and inventory included. The equipment is described as newer and very well maintained.

The property is located at 5423 West Belmont Avenue in the Belmont Cragin District, with the business noted as highly visible along Belmont Ave. Parking is available with four spaces, plus additional parking along the front and side of the building.

As presented, the offering is aimed at buyers seeking a turn-key restaurant setup, supported by maintained equipment and the included inventory and operational components.

Key Highlights

  • Updated 1,500 SF restaurant with seating capacity for up to 40 people in the Belmont Cragin district
  • Business only sale: all equipment and inventory included
  • Equipment is newer and described as very well maintained

Property Analytics

Current Use

Tierra Mexicana Pancake ... Restaurant Los Andanes Restaurant

Suggested Use

Top Pick Law Firm Acupuncture Garden Center Skin Care Clinic Catering Service Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,807
Businesses Nearby
79k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 54% Shops & Services 35% Electronics 7% Dining 4%
Tony's Fresh Market Groceries
43,070 visits/mo 0.3 miles
Dollar Tree Shops & Services
10,358 visits/mo 0.2 miles
Dollar General Shops & Services
7,408 visits/mo 0.3 miles
Citibank Shops & Services
6,736 visits/mo 0.5 miles
EZPAWN Shops & Services
3,301 visits/mo 0.0 miles

Demographics for 60641, IL

69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Updated restaurant sale includes equipment and inventory, seating up to 40, with front/side parking for four vehicles.
Where is this conventional restaurant located?
The property is located at 5423 West Belmont Avenue Chicago, IL.
What are key features of this property?
This property features: Updated 1,500 SF restaurant with seating capacity for up to 40 people in the Belmont Cragin district; Business only sale: all equipment and inventory included; Equipment is newer and described as very well maintained
(773) 573-9798 Call to check price and availability
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