Technical
Financial
Distress signals
Property profile

3523 KEDZIE AVE Chicago, IL 60618

OFF-MARKET
Conventional restaurants
Property ID
US28-Q022354
4,000 SF Built 1970
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Property summary

AI-generated overview

The property is a 4,000 sq. ft. commercial building configured as a food-and-beverage space, comprising a 2,000 sq. ft. operational diner area and a 2,000 sq. ft. former bar area. The restaurant portion is set up with an open kitchen and includes kitchen equipment that is typically transferred with occupancy, with seating for 58 patrons plus space for 10 at the counter. It is equipped with a 16-ft hood and an Ansul fire suppression system, and the overall combined premises include three washrooms. The bar area includes a 34-ft bar counter, supporting continued use or reconfiguration for alternative concepts. Parking is provided by an approximately 10,400 sq. ft. lot with capacity for about 14–16 vehicles and a prominent pylon sign. The property is zoned C1-1 and is suitable for a variety of commercial uses consistent with that zoning classification, with nearby retail and restaurant tenants in the surrounding area and a stated IDOT traffic count of 29,300 vehicles per day.

Property profile

Verified
Property type Conventional restaurants
Year built 1970
Total area 4,000 SF
UPID US28-Q022354

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

3523 KEDZIE AVE Chicago, IL 60618
Chicago metro
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Value estimations

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Owner & transaction history

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