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Multi-Level Restaurant Condo Building
For Sale
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2047 W Division Street, Chicago, IL 60620

Multi-level restaurant space spans ground, lower, and mezzanine levels within a four-story mixed-use condominium building.

Property Size6,300 SF
Lot Size0.20 Acres
Days on Market125

Property Features for 2047 W Division Street

General Information

Standard status Active
Size 6,300 SF
Lot size 0.20 Acres
Property subtype Retail
Zoning B3-3

Additional Details

Furnished Yes

Building Details

Year Built 2007
Stories 4
Listing Agency: SVN | Chicago Commercial
Listed By: Tim Rasmussen · License #IL 471001877
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 5:23PM

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.

The property consists of a multi-level restaurant with ground, lower, and mezzanine space, along with several storage sections. The restaurant is within a four-story mixed-use condominium building built circa 2007. The spaces are held as separate fee simple interests and include unfinished storage rooms totaling part of the overall area, estimated to be used for storage or mechanical equipment.

The building sits on an 8,734± square foot site zoned B3-3 in Chicago’s Community Shopping District. This offering is for the sale of the real estate and restaurant FF&E only; trade names, intellectual property, and other assets of the operating entity are not included as part of the sale. Only publicly available information such as real estate taxes will be available to potential buyers.

Key Highlights

  • Multi‑level restaurant space on ground, lower, and mezzanine levels within a four‑story mixed‑use condominium building.
  • Built circa 2007; spaces are divided as fee simple interests within the condominium building.
  • Total floor area is 6,300± SF, including an estimated 1,480± SF of unfinished storage and/or mechanical equipment space.

Property Analytics

Current Use

The Fifty/50 Restaurant

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Butcher Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,949
Businesses Nearby
215k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 53% Groceries 20% Apparel 14% Shops & Services 11%
Mariano's Groceries
43,456 visits/mo 0.5 miles
McDonald's Dining
38,181 visits/mo 0.5 miles
Jeni's Splendid Ice Creams Dining
11,621 visits/mo 0.5 miles
Taco Bell Dining
10,941 visits/mo 0.5 miles
sweetgreen Dining
10,721 visits/mo 0.5 miles

Demographics for 60620, IL

66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
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 - Multi-level restaurant space spans ground, lower, and mezzanine levels within a four-story mixed-use condominium building.
Where is this conventional restaurant located?
The property is located at 2047 W Division Street Chicago, IL.
What are key features of this property?
This property features: Multi‑level restaurant space on ground, lower, and mezzanine levels within a four‑story mixed‑use condominium building.; Built circa 2007; spaces are divided as fee simple interests within the condominium building.; Total floor area is 6,300± SF, including an estimated 1,480± SF of unfinished storage and/or mechanical equipment space.
More about this property
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