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Corner Restaurant Space with Elevator

2500 W Chicago Avenue, Chicago, IL 60622

For Lease
$37 SF/Yr

Two dining rooms, accessible restrooms, and central air support a range of restaurant layouts.

Space SizeContact for details
Days on Market9

Property Features for 2500 W Chicago Avenue

General Information

Standard status Active
Property subtype COMMERCIAL

Site & Location

Neighborhood Humboldt Park

Taxes and HOA fees

Annual Taxes $37,752

Building Details

Year Built 1940
Listing Agency: @properties Commercial
Listed By: So Hui Nye · License #475215454
Source: Harkinsandassociates
Added: Oct 30 Changed: Nov 4 Last Checked: Nov 6 at 3:12PM

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 @properties Commercial

Rey
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Investment Insights

Based on property information with market context.

This 4,143-square-foot second-generation restaurant occupies a corner location and includes two dining rooms, four ADA-compliant restrooms, and an elevator. The 12-foot ceilings and central air are part of a building constructed in 1940.

The property is in West Town, with a 100 Walk Score. Western Ave Metra station is 0.5 miles away.

Key Highlights

  • 4,143 SF second‑generation corner restaurant space
  • Two dining rooms and four ADA‑compliant restrooms
  • Elevator, 12‑foot ceilings, and central air

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Dorothy Bar & Pub The Martin Hotel & Motel

Suggested Use

Top Pick Accounting Firm Nursing Home Pet Grooming Service (Bike/Boat/Book/etc) Store Locksmith Tanning Salon

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

NNN (Triple Net)
Lease Type
$5.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,548
Businesses Nearby
49k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 55% Shops & Services 45%
Burger King Dining
17,373 visits/mo 0.1 miles
Dunkin' Donuts Dining
7,148 visits/mo 0.1 miles
Shell Shops & Services
6,179 visits/mo 0.1 miles
PNC Bank Shops & Services
5,186 visits/mo 0.5 miles
Fifth Third Bank & ATM Shops & Services
4,649 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Chicago, IL

$36.12 /SF/Yr
Avg Asking Price
$18–$87.5 /SF/Yr
Price Range
4,518 SF
Avg Space Size

This space is priced 2% above the average of $36.12 /SF/Yr.

Average Price Trend$/SF/Yr for Conventional restaurants in Chicago, IL

$31.74 Jul
$30.01 Aug
$39.1 Sep
$36.07 Oct

Properties on Market for Conventional restaurants in Chicago

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Two dining rooms, accessible restrooms, and central air support a range of restaurant layouts.
Where is this conventional restaurant located?
The property is located at 2500 W Chicago Avenue Chicago, IL.
What is the lease rate?
The lease rate is $37 SF/Yr.
What are key features of this property?
This property features: 4,143 SF second‑generation corner restaurant space; Two dining rooms and four ADA‑compliant restrooms; Elevator, 12‑foot ceilings, and central air
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