Equipped Food Production
1709 W Washington Blvd Chicago, IL 60612
1709 W Washington Blvd, Chicago, IL, 60612
$2,950,000
For Sale
$2,950,000
Fully finished and equipped commercial kitchen with walk-in coolers, sealed pitched floors, and a box truck garage space.
Property Size8,500 SF
Price / SF$347.06
Days on Market154
Property Features for 1709 W Washington Blvd
General Information
- Standard status
- Active
- Size
- 8,500 SF
- Property subtype
- Factory
Building Details
- Year Built
- 1970
Properties For Sale
at 1709 W Washington Blvd Contact us
Listing agency
CTK Chicago Partners-City Properties
(312) 339-2220
Listed by
Steven Aaronson
(312) 339-2220
Source
Thebrokerlist
Added: Feb 18 Updated: Jul 21 at 4:32AM Checked: Jul 21 at 4:32AM
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 CTK Chicago Partners-City Properties
Investment Insights
Based on property information with market context.
1709 W Washington Boulevard is an 8,500-square-foot food production and commercial kitchen facility that is fully finished and equipped. Improvements and operational features include walk-in coolers and freezers, multiple stainless steel sinks with traps, sealed floors pitched to floor drains, use-specific wall covering, and specialized light fixtures and electrical outlets.
The property includes a garage space intended for a commercial box truck. It is located one block west of Ashland Avenue and is described as near United Center and Union Park, with I-290 approximately one-half mile to the north.
Built in 1970 and modernized in 2007, the building is currently configured as a fully equipped food production facility.
The property includes a garage space intended for a commercial box truck. It is located one block west of Ashland Avenue and is described as near United Center and Union Park, with I-290 approximately one-half mile to the north.
Built in 1970 and modernized in 2007, the building is currently configured as a fully equipped food production facility.
Key Highlights
- 8,500 SF fully finished and equipped food production/commercial kitchen facility
- Walk‑in coolers and freezers included for food storage
- Sealed, pitched floors to floor drains with specialized light fixtures and electrical outlets
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $224.4k | $26.40 |
| − Vacancy | −$13.5k | −$1.58 |
| EGI | $210.9k | $24.82 |
| − OpEx | −$52.7k | −$6.20 |
| NOI | $158.2k | $18.61 |
8,500 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.26M
$1.98M – $2.64M
NOI $158,202 @ 7.0% cap · market cap 5.36%
Second Best
Industrial
$761.5K
$666.3K – $888.4K
NOI $53,303 @ 7.0% cap · market cap 1.81%
Theoretical Best
Office A
$4.01M
$3.51M – $4.68M
NOI $280,541 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pleasant Valley Baptist ...
Church
Butter and Vine
Take-out & Catering
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FAQs
What type of property is this?
Commercial kitchen - Fully finished and equipped commercial kitchen with walk-in coolers, sealed pitched floors, and a box truck garage space.
Where is this commercial kitchen located?
The property is located at 1709 W Washington Blvd Chicago, IL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 8,500 SF fully finished and equipped food production/commercial kitchen facility; Walk‑in coolers and freezers included for food storage; Sealed, pitched floors to floor drains with specialized light fixtures and electrical outlets
