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Built-Out Restaurant Condo with Patio
For Sale
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1725 W Division St, Chicago, IL 60622

Fully built-out restaurant space with indoor and outdoor seating, currently occupied under net lease terms.

Property Size5,000 SF
Days on Market121

Property Features for 1725 W Division St

General Information

Standard status Active
Size 5,000 SF
Property subtype Retail

Site & Location

Traffic Count 53,700 vehicles/day
Highway Access Yes

Building Details

Tenancy Single
Listing Agency: Greenstone Partners
Listed By: Brewster Hague · License #IL 475.165689
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 23 at 2:20PM

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 Greenstone Partners

Investment Insights

Based on property information with market context.

1725 W. Division Street offers a ±5,000 square foot retail condo improved as a fully built-out restaurant with both indoor and outdoor seating. The property is occupied by Little Victories, a neighborhood restaurant and bar operated by Footman Hospitality, with the lease in place since 2011. The current net lease includes 5.0% annual rent escalations through 2026 and 2.0% annual escalations thereafter.

The property is prominently positioned on the southeast corner of W. Division Street and N. Hermitage Avenue, directly across from Wicker Park Connection, a 260-unit luxury residential development anchored by Target and Philz Coffee. Area transportation and accessibility include the CTA Division Blue Line ‘L’ Station and multiple bus routes, with the surrounding roadway network supporting reported pedestrian and vehicle traffic counts of 53,700 combined VPD.

The offering is presented as a 100% fee-simple interest for sale by Greenstone Partners, as exclusive investment advisor.

Key Highlights

  • ±5,000 SF retail condo at the southeast corner of W. Division St and N. Hermitage Ave in Chicago’s Wicker Park
  • Fully built‑out restaurant with indoor and outdoor seating, currently occupied by Little Victories (Footman Hospitality)
  • Net lease with 5.0% annual rent escalations through 2026 and 2.0% annual escalations thereafter

Property Analytics

Current Use

Workvana @ Little Victories Coworking & Hybrid Office Advantage Cash Express Check Cashing Little Victories Bar & Pub

Suggested Use

Top Pick Carpet & Flooring Store Nursing Home (Bike/Boat/Book/etc) Store Butcher Pet Grooming Service Adult Day Care

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

53,700 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

5,539
Businesses Nearby
280k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 46% Groceries 23% Home Improvements & Furnishings 11% Shops & Services 10%
Jewel-Osco Groceries
65,395 visits/mo 0.3 miles
Lowe's Home Improvements & Furnishings
31,134 visits/mo 0.3 miles
Wendy's Dining
29,664 visits/mo 0.2 miles
Popeyes Louisiana Kitchen Dining
11,777 visits/mo 0.3 miles
Jeni's Splendid Ice Creams Dining
11,621 visits/mo 0.5 miles

Demographics for 60622, IL

55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Fully built-out restaurant space with indoor and outdoor seating, currently occupied under net lease terms.
Where is this conventional restaurant located?
The property is located at 1725 W Division St Chicago, IL.
What are key features of this property?
This property features: ±5,000 SF retail condo at the southeast corner of W. Division St and N. Hermitage Ave in Chicago’s Wicker Park; Fully built‑out restaurant with indoor and outdoor seating, currently occupied by Little Victories (Footman Hospitality); Net lease with 5.0% annual rent escalations through 2026 and 2.0% annual escalations thereafter
(312) 234-0360 Call to check price and availability
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