Fully Equipped
1706 W Foster Avenue, Chicago, IL 60659
For Sale
Contact for pricing
Business Opportunity, Chicago, IL
Property Size2,500 SF
Price / SF$2.20
Days on Market149
Property Features for 1706 W Foster Avenue
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
Taxes and HOA fees
Tax Year
Utilities
Cooling system
Building Details
Floors in Building
Building materials
Listing Agency:
Century 21 Circle · Coldwell Banker Real Estate
(773) 465-4200
Listed By:
Mark Ahmad · License #471007186
(312) 513-4490
Added: Jun 11
Changed: Oct 10
Last Checked: Nov 6 at 8:06PM
MLS# 12673190
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This conventional restaurant occupies approximately 2,500 square feet at 1706 W Foster Avenue in Chicago. The space is offered with full restaurant equipment, concrete construction, and central air. Its street presence supports customer access within a pedestrian-oriented commercial setting.
The property is positioned between Andersonville and Ravenswood, one block west of the Clark Street commercial corridor. Nearby shops, cafes, bookstores, restaurants, and independently owned businesses serve a dense residential area and attract destination visitors. Street festivals, community events, and neighborhood gatherings add recurring activity throughout the year.
CTA bus routes, nearby Brown Line stations, and Metra commuter rail provide transit access. Lake Shore Drive is within minutes, while downtown Chicago is a short distance away.
The property is positioned between Andersonville and Ravenswood, one block west of the Clark Street commercial corridor. Nearby shops, cafes, bookstores, restaurants, and independently owned businesses serve a dense residential area and attract destination visitors. Street festivals, community events, and neighborhood gatherings add recurring activity throughout the year.
CTA bus routes, nearby Brown Line stations, and Metra commuter rail provide transit access. Lake Shore Drive is within minutes, while downtown Chicago is a short distance away.
Key Highlights
- Approximately 2,500‑square‑foot restaurant space at 1706 W Foster Avenue
- Full restaurant equipment included
- Located between Chicago’s Andersonville and Ravenswood neighborhoods
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,530
Suggested Prices Based on Cap Rates
Cap Rate 5%
$930,600
$930.6K
Cap Rate 7%
$664,714
$664.7K
Cap Rate 9%
$517,000
$517.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$66.0K $26.40/SF
− Vacancy
−$4.0K −$1.58/SF
EGI
$62.0K $24.82/SF
− OpEx
−$15.5K −$6.20/SF
NOI
$46.5K $18.61/SF
Area
Chicago, IL
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$930,600
Cap Rate 7%
$664,714
Cap Rate 9%
$517,000
Alternative Uses
Best Use
Specialty Retail
$664.7K
$581.6K – $775.5K
NOI $46,530 @ 7.0% cap · market cap 846.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,512 @ 7.0% cap · market cap 1,500.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,025
Businesses Nearby
149k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Groceries 32%
Shops & Services 28%
Electronics 1%
Jewel-Osco
Groceries
47,202 visits/mo
0.4 miles
McDonald's
Dining
21,895 visits/mo
0.5 miles
Starbucks
Dining
11,272 visits/mo
0.2 miles
Fifth Third Bank & ATM
Shops & Services
8,803 visits/mo
0.3 miles
U.S. Bank
Shops & Services
7,811 visits/mo
0.2 miles
Demographics for 60659, IL
40,579
Population
14,748
Households
2.8
Avg Household Size
36
Median Age
40%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
16,908
Density / Sq Mi
$70,033
Median Household Income
$40,493
Median Earnings
$1,391
Median Rent
$358,800
Median Home Value
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Market
Average Price Trend$/SF for Conventional restaurants in Chicago, IL
Properties on Market for Conventional restaurants in Chicago
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Street-facing restaurant space in a walkable North Side district near the Clark Street commercial corridor.
Where is this conventional restaurant located?
The property is located at 1706 W Foster Avenue Chicago, IL.
What are key features of this property?
This property features: Approximately 2,500‑square‑foot restaurant space at 1706 W Foster Avenue; Full restaurant equipment included; Located between Chicago’s Andersonville and Ravenswood neighborhoods
