Corner Restaurant
New
For Sale
$360,000
3601 S California Avenue, Chicago, IL 60632
Interior features include central air conditioning and an exhaust fan.
Property Size1,000 SF
Days on Market6
Property Features for 3601 S California Avenue
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Business Opportunity
Site & Location
Neighborhood
Brighton Park
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,116
Amenities
Central Air, Exhaust Fan
Building Details
Building Size
1,000 SF
Stories
1
Listed By:
Theodore Sdoukos
(312) 217-3287
Source:
Evrealestate
Added: Oct 27
Changed: Oct 30
Last Checked: Nov 1 at 5:10AM
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 Theodore Sdoukos
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property at 3601 S California Avenue in Chicago has central air conditioning and an exhaust fan. The property occupies a corner, with directions from I-55 leading south on California Avenue.
Key Highlights
- Corner location at 3601 S California Avenue
- Central air conditioning
- Exhaust fan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,392
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,840
$267.8K
Cap Rate 7%
$191,314
$191.3K
Cap Rate 9%
$148,800
$148.8K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$19.2K $19.20/SF
− Vacancy
−$1.3K −$1.34/SF
EGI
$17.9K $17.86/SF
− OpEx
−$4.5K −$4.46/SF
NOI
$13.4K $13.39/SF
Area
ZIP 60632
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,840
Cap Rate 7%
$191,314
Cap Rate 9%
$148,800
Alternative Uses
Best Use
Specialty Retail
$191.3K
$167.4K – $223.2K
NOI $13,392 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$440.1K
$385.1K – $513.4K
NOI $30,804 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
175k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Apparel 29%
Shops & Services 10%
Ross Dress for Less
Apparel
50,859 visits/mo
0.4 miles
McDonald's
Dining
46,165 visits/mo
0.4 miles
Wendy's
Dining
26,558 visits/mo
0.4 miles
Dunkin' Donuts
Dining
17,680 visits/mo
0.4 miles
Burger King
Dining
15,968 visits/mo
0.5 miles
Demographics for 60632, IL
92,237
Population
28,860
Households
3.2
Avg Household Size
33
Median Age
13%
College-Educated
69%
High-School Grad
7.4 sq mi
ZIP Area
12,464
Density / Sq Mi
$60,576
Median Household Income
$35,203
Median Earnings
$1,057
Median Rent
$240,600
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Interior features include central air conditioning and an exhaust fan.
Where is this conventional restaurant located?
The property is located at 3601 S California Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Corner location at 3601 S California Avenue; Central air conditioning; Exhaust fan
