Restaurant Space With
1964 Vermont Street Blue Island, IL 60406
1964 Vermont Street, Blue Island, IL, 60406
Contact for pricing
For Sale
Contact for pricing
Large restaurant space with a front stamped concrete patio, back parking, and included kitchen equipment, sold as-is.
Property Size3,000 SF
Price / SF$53.33
Days on Market86
Property Features for 1964 Vermont Street
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1926
Listing agency
Keller Williams Preferred Realty
(773) 934-1094
Listed by
Anthony Lucio · License #475165960
Source
Crexi
Added: Apr 28 Updated: Jul 21 at 5:21AM Checked: Jul 21 at 5:21AM
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 Keller Williams Preferred Realty
Investment Insights
Based on property information with market context.
This restaurant space offers approximately 3,000 square feet of open-concept interior with skylight windows and an open ceiling. The property includes a stamped concrete patio area at the front and parking spaces in the back. Restaurant equipment is included with the sale.
The building is being offered as-is and will require updates to open and operate. If you’re looking for space to bring your concept to life, this layout provides a workable foundation with both an indoor dining/operation area and an exterior patio seating option.
The building is being offered as-is and will require updates to open and operate. If you’re looking for space to bring your concept to life, this layout provides a workable foundation with both an indoor dining/operation area and an exterior patio seating option.
Key Highlights
- Large 3,000 SF restaurant space with an open‑concept layout and skylight windows on the open ceiling
- Stamped concrete patio at the front for outdoor space
- Parking spaces available in the back
Local Financial Insights For Industrial
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 | $19.4k | $6.48 |
| − Vacancy | −$991 | −$0.33 |
| EGI | $18.4k | $6.15 |
| − OpEx | −$5.5k | −$1.84 |
| NOI | $12.9k | $4.30 |
3,000 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$717.4K
$627.8K – $837.0K
NOI $50,220 @ 7.0% cap · market cap 31.39%
Second Best
Industrial
$184.5K
$161.4K – $215.2K
NOI $12,914 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$1.04M
$906.3K – $1.21M
NOI $72,503 @ 7.0% cap · market cap 45.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Large restaurant space with a front stamped concrete patio, back parking, and included kitchen equipment, sold as-is.
Where is this conventional restaurant located?
The property is located at 1964 Vermont Street Blue Island, IL.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Large 3,000 SF restaurant space with an open‑concept layout and skylight windows on the open ceiling; Stamped concrete patio at the front for outdoor space; Parking spaces available in the back
