Brick Corner Restaurant
For Sale
$1,200,000
5134 W Irving Park Road, Chicago, IL 60641
Corner commercial building configured for bar and restaurant operations.
Property Size3,640 SF
Price / SF$329.67
Days on Market58
Property Features for 5134 W Irving Park Road
General Information
Standard status
Active
Size
3,640 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$8,449
Building Details
Building Size
3,640 SF
Construction
brick
Listing Agency:
American Realty Services, Inc.
Listed By:
Sean O'Neill · License #475107115
(312) 656-3380
Source:
Cnetproperties
Added: Aug 25
Changed: Oct 19
Last Checked: Oct 21 at 3:52AM
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 American Realty Services, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,640-square-foot conventional restaurant property is a brick corner building associated with Terminal 5 Bar and Restaurant. The building’s corner configuration and existing restaurant identity support continued food-and-beverage use at 5134 W Irving Park Road in Chicago.
Key Highlights
- 3,640‑square‑foot conventional restaurant property
- Brick corner building
- Associated with Terminal 5 Bar and Restaurant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,748
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,354,960
$1.4M
Cap Rate 7%
$967,829
$967.8K
Cap Rate 9%
$752,756
$752.8K
Market Conditions
NOI Build-Up for 3,640 SF
Gross rent
$96.1K $26.40/SF
− Vacancy
−$5.8K −$1.58/SF
EGI
$90.3K $24.82/SF
− OpEx
−$22.6K −$6.20/SF
NOI
$67.7K $18.61/SF
Area
Chicago, IL
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,354,960
Cap Rate 7%
$967,829
Cap Rate 9%
$752,756
Alternative Uses
Best Use
Specialty Retail
$967.8K
$846.9K – $1.13M
NOI $67,748 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,137 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,211
Businesses Nearby
132k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 31%
Apparel 11%
Home Improvements & Furnishings 2%
Culver's
Dining
23,761 visits/mo
0.3 miles
Dollar Tree
Shops & Services
23,411 visits/mo
0.5 miles
dd's DISCOUNTS
Shops & Services
19,227 visits/mo
0.5 miles
BP
Shops & Services
17,652 visits/mo
0.5 miles
Ross Dress for Less
Apparel
13,894 visits/mo
0.5 miles
Demographics for 60641, IL
69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
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 - Corner commercial building configured for bar and restaurant operations.
Where is this conventional restaurant located?
The property is located at 5134 W Irving Park Road Chicago, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3,640‑square‑foot conventional restaurant property; Brick corner building; Associated with Terminal 5 Bar and Restaurant
