Bakery Storefront with Prep
New
For Sale
$649,900
2702 W Cermak Road, Chicago, IL 60608
Bakery fixtures and equipment are included, with customer display space and a separate rear baking area.
Property Size3,080 SF
Price / SF$211.01
Days on Market5
Property Features for 2702 W Cermak Road
General Information
Standard status
Active
Size
3,080 SF
Total Parking Spaces
4
Property subtype
COMMERCIAL
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$12,139
Building Details
Building Size
3,080 SF
Buildings
1
Listing Agency:
Acevedo Realty Group
Listed By:
Jovita Acevedo · License #471003923
(312) 719-1100
Source:
Harkinsandassociates
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:11PM
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 Acevedo Realty Group
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Investment Insights
Based on property information with market context.
This Chicago storefront is configured for bakery operations, with a customer-facing display and checkout area and preparation and baking space toward the rear. A small office and finished basement add support space, including storage and an employee restroom. Bakery equipment is included in the sale, and the property is being sold as-is.
The building measures 3,080 square feet. Gas forced-air equipment is noted as approximately 8 years old, and the roof dates to 2011. Rear parking accommodates 2–4 cars.
The building measures 3,080 square feet. Gas forced-air equipment is noted as approximately 8 years old, and the roof dates to 2011. Rear parking accommodates 2–4 cars.
Key Highlights
- 3,080‑square‑foot storefront configured for bakery use
- Bakery display and checkout area, with prep and baking space at the rear
- Sale includes bakery equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,611
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,220
$852.2K
Cap Rate 7%
$608,729
$608.7K
Cap Rate 9%
$473,456
$473.5K
Market Conditions
NOI Build-Up for 3,080 SF
Gross rent
$66.5K $21.60/SF
− Vacancy
−$5.7K −$1.84/SF
EGI
$60.9K $19.76/SF
− OpEx
−$18.3K −$5.93/SF
NOI
$42.6K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,220
Cap Rate 7%
$608,729
Cap Rate 9%
$473,456
Alternative Uses
Best Use
Retail
$608.7K
$532.6K – $710.2K
NOI $42,611 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,655 @ 7.0% cap · market cap 15.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,802
Businesses Nearby
133k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 46%
Electronics 1%
Dollar Tree
Shops & Services
29,998 visits/mo
0.3 miles
Church's Chicken
Dining
13,470 visits/mo
0.0 miles
Little Caesars Pizza
Dining
13,456 visits/mo
0.2 miles
BP
Shops & Services
13,154 visits/mo
0.5 miles
Burger King
Dining
11,075 visits/mo
0.4 miles
Demographics for 60608, IL
75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- Albany Florist — 2558 S Albany Ave, Chicago, IL 60623
- Dionicio Flower Shop — 2242 S Kedzie Ave, Chicago, IL 60623
- Campo Santo — 2901 W Cermak Rd, Chicago, IL 60623
- Franky’s Flower & Design — 2709 W Cermak Rd, Chicago, IL 60608
- Wishing Well Florist LLC — 2443 W 16th St, Chicago, IL 60608
Frequently Asked Questions
What type of property is this?
Storefront property - Bakery fixtures and equipment are included, with customer display space and a separate rear baking area.
Where is this storefront property located?
The property is located at 2702 W Cermak Road Chicago, IL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 3,080‑square‑foot storefront configured for bakery use; Bakery display and checkout area, with prep and baking space at the rear; Sale includes bakery equipment
