Restaurant and Bar For
For Sale
$1,475,000
2506 N Clybourn Avenue, Chicago, IL 60614
For sale restaurant and bar property in Chicago’s Cook County with access via Fullerton and Clybourn.
Property Size5,500 SF
Days on Market115
Property Features for 2506 N Clybourn Avenue
General Information
Standard status
Active
Size
5,500 SF
Zoning
COMMR
Net Operating Income
$2,400
Taxes and HOA fees
Annual Taxes
$34,719
Amenities
Central Air, Window Unit(s)
Building Details
Building Size
5,500 SF
Year Built
1900
Stories
2
Listing Agency:
Hometown Real Estate
Listed By:
Brian Costello · License #475143211
(708) 420-0063
Source:
Evrealestate
Added: Jun 18
Changed: Oct 10
Last Checked: Oct 9 at 8:27PM
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 Hometown Real Estate
Investment Insights
Based on property information with market context.
This listing is for a restaurant and bar property offered for sale in Chicago, Cook County. The property is categorized as a conventional restaurant, providing a straightforward fit for operators looking for a food and beverage concept.
Access is provided via local routes, with directions indicating heading west on Fullerton and then north on Clybourn Ave to 2506 N Clybourn Avenue.
Additional details on interior layout, condition, seating, or specific amenities were not provided in the available information.
Access is provided via local routes, with directions indicating heading west on Fullerton and then north on Clybourn Ave to 2506 N Clybourn Avenue.
Additional details on interior layout, condition, seating, or specific amenities were not provided in the available information.
Key Highlights
- Restaurant and bar property for sale in Chicago’s Cook County
- Access via Fullerton and Clybourn (per directions: Fullerton to Clybourn Ave to 2506)
- Cooling includes central air plus window unit(s)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,366
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,047,320
$2.0M
Cap Rate 7%
$1,462,371
$1.5M
Cap Rate 9%
$1,137,400
$1.1M
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$145.2K $26.40/SF
− Vacancy
−$8.7K −$1.58/SF
EGI
$136.5K $24.82/SF
− OpEx
−$34.1K −$6.20/SF
NOI
$102.4K $18.61/SF
Area
Chicago, IL
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,047,320
Cap Rate 7%
$1,462,371
Cap Rate 9%
$1,137,400
Alternative Uses
Best Use
Specialty Retail
$1.46M
$1.28M – $1.71M
NOI $102,366 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.59M
$2.27M – $3.03M
NOI $181,526 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,639
Businesses Nearby
665k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 19%
Groceries 18%
Apparel 17%
Kohl's
Apparel
73,373 visits/mo
0.4 miles
Jewel-Osco
Groceries
60,100 visits/mo
0.1 miles
Chick-fil-A
Dining
55,740 visits/mo
0.2 miles
Mariano's
Groceries
43,130 visits/mo
0.4 miles
McDonald's
Dining
36,369 visits/mo
0.5 miles
Demographics for 60614, IL
73,173
Population
38,089
Households
1.9
Avg Household Size
31
Median Age
86%
College-Educated
98%
High-School Grad
3.2 sq mi
ZIP Area
22,867
Density / Sq Mi
$139,561
Median Household Income
$86,386
Median Earnings
$2,019
Median Rent
$730,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Chicago, IL
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Similar Off Market Nearby
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- Remedy — 1910 N Milwaukee Ave, Chicago, IL 60647
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Frequently Asked Questions
What type of property is this?
Bar & Pub - For sale restaurant and bar property in Chicago’s Cook County with access via Fullerton and Clybourn.
Where is this bar & pub located?
The property is located at 2506 N Clybourn Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Restaurant and bar property for sale in Chicago’s Cook County; Access via Fullerton and Clybourn (per directions: Fullerton to Clybourn Ave to 2506); Cooling includes central air plus window unit(s)
