Chicago, IL Commercial Real Estate for Sale

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Updated: Apr 14

Turnkey Restaurant Venue with PPA License

7455 W Irving Park Road, Chicago, IL 60634

$949,000

4,055 sqft · 0.14 AC lot

Rare opportunity: Fully renovated, turnkey PPA‑licensed venue, including real estate, business, and assets.
Licenses in place: Includes Public Place of Amusement (PPA), Liquor, and Food licenses for diverse revenue streams.
Uncommitted VGT‑ready game room allows for favorable terminal operator agreement.
Fully gut‑rehabbed in late 2024: Features a new dining & bar space (95 seats) and a brand‑new, fully equipped commercial kitchen.
Dedicated +15‑car parking lot and a 930 SF 3‑bedroom residential unit for additional income.

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This listing looks promising.

Here's a quick look at some key insights for

7455 W Irving Park Road, Chicago, IL 60634

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Est. Cap Rate

7.6%
Above avg (5.9%)
Est. NOI

$72K
Annual
Price @ 7% Cap

$1.02M
Above asking
Property Type

Apartments (Generic)
Built 1924

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Updated: Apr 22

Renovated Chicago Industrial Flex Warehouse

3146 W Chicago Avenue, Chicago, IL 60622

$1,300,000

6,400 sqft · 0.14 AC lot

Fully renovated 6,400 SF industrial flex warehouse with showroom‑quality interior and designer finishes.
Dramatic 75‑foot operable skylight provides abundant natural light, ideal for showroom or creative space.
Strategic location in the rapidly growing Humboldt Park/West Town industrial corridor with quick access to I‑90/94 and I‑290.
Clear‑span bow‑truss structure with 20'+ ceiling heights, providing open layout and efficient workflow.
Zoned M1‑2, supporting a wide range of industrial uses including warehouse, distribution, and light manufacturing.

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Turnkey Restaurant Venue with PPA License

7455 W Irving Park Road, Chicago, IL 60634

$949,000

4,055 sqft · 0.14 AC lot

Fully renovated restaurant with licenses and VGT potential in Chicago.

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Turnkey Restaurant Venue with Licenses

7455 W Irving Park Road, Chicago, IL 60634

$949,000

4,055 sqft · 0.16 AC lot

Fully renovated restaurant with licenses and residential unit for sale.

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Turnkey Restaurant Opportunity in Chicago

420 W Belmont Avenue, Chicago, IL 60657

$649,000

2,176 sqft · 0.42 AC lot

Below-market lease in East Lakeview, fully equipped restaurant with assets.

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Prime Retail Space in Chicago

4411 N Kedzie Avenue, Chicago, IL 60625

$759,000

5,000 sqft · 0.14 AC lot

Commercial property in a high-traffic retail district.

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Chicago Office Building with Parking

6350 W 63rd Street, Chicago, IL 60638

$1,295,000

9,744 sqft · 0.74 AC lot

Two-story office building in Chicago's Clearing neighborhood.

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Convenience Store Retail Building with Parking

5132 S Racine Avenue, Chicago, IL 60609

$1,700,000

0.94 AC lot

Turnkey convenience store in brick masonry with outdoor parking, surveillance, workstations, and restrooms—ready for immediate operation.

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Prime Development Opportunity on 79th

301 W 79th Street, Chicago, IL 60620

$870,000

7,600 sqft · 0.45 AC lot

19,625 sq ft lot in West Chatham.

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Chicago Commercial Buildings For Sale

1753-1759 W 79th Street, Chicago, IL 60620

$459,000

3,000 sqft · 0.20 AC lot

Three commercial buildings in a busy Chicago neighborhood retail location.

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Fulton River District Commercial Loft

566 W Lake Street, Chicago, IL 60661

$625,000

4,593 sqft · 0.11 AC lot

Classic timber loft in Fulton River District, Chicago.

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Wicker Park Corner Retail Building

2357 W North Avenue, Chicago, IL 60647

$549,900

2,806 sqft · 0.07 AC lot

2,806 SF retail building in prime Wicker Park location.

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Corner Retail Suite in New Elevator Building

1445 W Chicago Avenue, Chicago, IL 60642

$749,000

0.44 AC lot

New construction corner space in an 18-unit elevator building with optional street parking acquisition.

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Wicker Park Retail Opportunity

2357 W North Avenue, Chicago, IL 60647

$549,900

2,806 sqft · 0.07 AC lot

Highly visible corner retail building in Wicker Park neighborhood.

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Industrial Manufacturing Building with Overhead Doors

4730 W Armitage Avenue W, Chicago, IL 60639

$649,900

0.14 AC lot

Flexible industrial facility across from Home Depot, with overhead door access, open work areas, and a private office.

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Southport Corridor Storefront Opportunity

2836 N Southport Avenue, Chicago, IL 60657

$549,000

1,900 sqft · 0.07 AC lot

Prime commercial condo in high-traffic Chicago retail district.

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Chicago Motel Near Cottage Grove

9112 S Cottage Grove Avenue, Chicago, IL 60619

$2,450,000

12,000 sqft · 0.42 AC lot

37-room motel in Greater Grand Crossing community for sale.

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Chicago Motel with Restaurant Building

7621 S Cottage Grove Avenue, Chicago, IL 60619

$2,300,000

18,000 sqft · 0.31 AC lot

34-room motel with separate restaurant in Chatham neighborhood.

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Corner Banquet Hall Opportunity

2759 N Oak Park Avenue, Chicago, IL 60707

$749,000

10,000 sqft · 0.25 AC lot

Prime Chicago location ideal for redevelopment or adaptive reuse.

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Midway Airport Commercial Assemblage Opportunity

5944 W 65th Street, Chicago, IL 60638

$3,195,000

11,500 sqft · 1.00 AC lot

Large commercial assemblage near Midway Airport with redevelopment potential.

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Flex Warehouse with Office Space

242 N Western Avenue, Chicago, IL 60612

$2,199,000

0.18 AC lot

Warehouse-office flex building with 17-foot ceilings, multiple loading docks, and fully conditioned work areas.

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Multi-Unit Corner Retail & Office

6501 - 6507 1/2 S Saint Lawrence Avenue, Chicago, IL 60637

$375,000

2,980 sqft · 0.07 AC lot

Corner property with five commercial spaces, including a built-out hair salon and a professional office suite, offering flexible income potential.

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Commercial Property in Edgewater, Chicago

6247 N Clark Street, Chicago, IL 60660

$1,100,000

8,000 sqft · 0.20 AC lot

8,000 sq ft commercial building in Edgewater neighborhood.

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Brick Flexicore Office Building

6650 N Northwest Highway, Chicago, IL 60631

$5,200,000

0.43 AC lot

Elevator-served, remodeled office suites with off-street parking and a granite lobby in a northwest Chicago business corridor.

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Chicago, IL Commercial Real Estate Market Trends and Statistics

Explore 1744 commercial real estate for sale in Chicago, IL, showcased through 1744 active listings on our real estate platform. These investment opportunities span a total of 12,082,865 square feet of properties for sale, with an estimated market value of $1,596,763,316.

Sale prices for business properties in Chicago, IL start at $31,750, averaging $2,137,568, and reaching up to $67,850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 2.91M

Population Growth (5Y) +0.6%

Median Household Income $76,477

College Educated 44.3%

High-Yield Neighborhoods for Investment

Identify Chicago submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Evergreen Park	$129K
North Chicago	$646.9K
Chicago	$1.2M
Riverdale	$1.2M
Elmwood Park	$1.3M

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cook County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Chicago fall within the 10,000+ square foot range.

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