Building Details

Year Renovated 2017

Listing Agency: SVN | Chicago Commercial m***@svn.com Show Phone

Listed By: Marcus Sullivan · License #IL 475139568

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 5:16PM

Report an Issue

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 SVN | Chicago Commercial

Investment Insights

Based on property information with market context.

This existing restaurant space is located on a prominent Bucktown corner and has been occupied by the Lillie’s Q concept for the past decade. The offering includes an assignment of the existing lease, all FF&E, and a transfer of the entity that holds the licenses. The business holds an incidental liquor license, retail food, and a sidewalk cafe permit.

The facility was rehabbed in 2017 and features a significantly lower level build out designed to support operations, including food prep, storage, coolers, and office space.

While currently operating under the existing lease and licensed setup, the premises have been maintained and are presented as adaptable for other bar and restaurant concepts, with the licensed entity transfer included as part of the offering.

Key Highlights

• Existing restaurant space at a prominent Bucktown corner, currently occupied by the Lillie’s Q concept for the last decade
• Lease assignment included, along with FF&E and transfer of the entity that holds the licenses
• Business holds an incidental liquor license, retail food license, and a sidewalk cafe permit

Property Analytics

Current Use

Pierogi Kitchen Restaurant ATM Atm

Suggested Use

Top Pick Nursing Home Butcher Clothing & Fashion Store (Bike/Boat/Book/etc) Store Fish Market Food Market

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

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

5,788

Businesses Nearby

357k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 27% Dining 27% Shops & Services 21% Apparel 9%

Jewel-Osco Groceries

65,395 visits/mo 0.4 miles

Barnes & Noble Shops & Services

48,824 visits/mo 0.2 miles

Aldi Groceries

32,222 visits/mo 0.4 miles

Lowe's Home Improvements & Furnishings

31,134 visits/mo 0.4 miles

Jeni's Splendid Ice Creams Dining

11,621 visits/mo 0.1 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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Full Commissary Kitchen Facility

3515 W Grand Avenue, Chicago, IL 60651

$1,600,000

4,800 SF

View details

Automotive Building With Mezzanine

6243 N Clark Street, Chicago, IL 60660

$1,100,000

8,000 SF

View details

Renovated Flex Space with Showroom

3146 W Chicago Avenue, Chicago, IL 60622

$1,200,000

6,400 SF

View details

Historic Live-Work Space with Atrium

2733 N Pulaski Road, Chicago, IL 60639

$2,750,000

7,000 SF

View details

Corner Development Site in Chicago

7455 W Irving Park Road, Chicago, IL 60634

$949,000

4,055 SF

View details

Retail/Office Building with Value-Add

3934 W 26th Street, Chicago, IL 60623

$1,300,000

12,000 SF

View details

One-Story Corner Flex Commercial Space

210 S Desplaines Street #NE, Chicago, IL 60661

$2,699,000

8,000 SF

View details

Corner Retail and Residential Building

614 North Ashland Avenue, Chicago, IL 60622

$1,200,000

4,700 SF

View details

Flex Building With Loading Dock

7650 S Ashland Avenue, Chicago, IL 60620

$872,000

6,895 SF

View details

One-Story Corner Commercial Space

210 S Desplaines Street #SE, Chicago, IL 60661

$1,399,000

4,000 SF

View details

Net-Leased Walgreens Corner Building

6301 South Kedzie Avenue, Chicago, IL 60629

$3,900,000

14,029 SF

View details

Mixed-Use Flex Building

2722 South Hillock Avenue, Chicago, IL 60608

$850,000

7,000 SF

View details

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Existing restaurant space with a sidewalk cafe permit, incidental liquor license, and a lower level built out for prep and storage.

Where is this conventional restaurant located?

The property is located at 1856 W North Ave Chicago, IL.

What are key features of this property?

This property features: Existing restaurant space at a prominent Bucktown corner, currently occupied by the Lillie’s Q concept for the last decade; Lease assignment included, along with FF&E and transfer of the entity that holds the licenses; Business holds an incidental liquor license, retail food license, and a sidewalk cafe permit