Restaurant Space with Counter
For Sale
Contact for pricing
3348 W Montrose Ave, Chicago, IL 60618
Restaurant space includes countertop seating and rear surface parking for four vehicles.
Property Size1,400 SF
Price / SF$178.57
Days on Market57
Property Features for 3348 W Montrose Ave
General Information
Standard status
Active
Size
1,400 SF
Total Parking Spaces
4
Property subtype
RETAIL
Amenities
Smoothie Bar with Countertop Seating
Listing Agency:
Triton Realty Group, LLC
(773) 610-9054
Listed By:
Luke Wojcik · License #475139979
Source:
Moodyscre
Added: Jun 5
Changed: Jul 30
Last Checked: Jul 30 at 10:42AM
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 Triton Realty Group, LLC
Investment Insights
Based on property information with market context.
This restaurant space features a smoothie bar with countertop seating. The layout supports customer service at the counter, with the space configured for food and beverage operations.
The property includes four rear surface parking spaces, providing on-site parking access for staff and guests.
The information provided includes the core operating features and parking count; contact the listing agent for additional property highlights and any further details that may be relevant for your specific use.
The property includes four rear surface parking spaces, providing on-site parking access for staff and guests.
The information provided includes the core operating features and parking count; contact the listing agent for additional property highlights and any further details that may be relevant for your specific use.
Key Highlights
- Smoothie bar with countertop seating
- Four rear surface parking spaces
- Restaurant space configured for food and beverage service
Financial Insights For Retail
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 | $30.7k | $21.96 |
| − Vacancy | −$2.6k | −$1.87 |
| EGI | $28.1k | $20.09 |
| − OpEx | −$8.4k | −$6.03 |
| NOI | $19.7k | $14.07 |
1,400 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$334.8K
$293.0K – $390.6K
NOI $23,436 @ 7.0% cap · market cap 9.37%
Second Best
Retail
$281.3K
$246.2K – $328.2K
NOI $19,692 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$611.7K
$535.2K – $713.6K
NOI $42,818 @ 7.0% cap · market cap 17.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,679
Businesses Nearby
34k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 91%
Shops & Services 5%
Home Improvements & Furnishings 4%
McDonald's
Dining
28,743 visits/mo
0.3 miles
Pantry
Shops & Services
1,813 visits/mo
0.4 miles
Golden Krust Caribbean Bakery and Grill
Dining
1,772 visits/mo
0.4 miles
Jays True Value
Home Improvements & Furnishings
1,216 visits/mo
0.3 miles
Demographics for 60618, IL
90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space includes countertop seating and rear surface parking for four vehicles.
Where is this conventional restaurant located?
The property is located at 3348 W Montrose Ave Chicago, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Smoothie bar with countertop seating; Four rear surface parking spaces; Restaurant space configured for food and beverage service
