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    Turnkey Restaurant For Sale Title is generated by Realmo AI

    5357 N LINCOLN Avenue, Chicago, IL 60625

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    For Sale
    $129,900

    COMMERCIAL - Chicago, IL

    Added:
    Sep 6, 2025
    Days on Market:
    275
    Last Refresh:
    Jun 7 at 5:06 pm

    Property Features for 5357 N LINCOLN Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    00000000000000

    Taxes and HOA fees

    Tax Year
    2023

    Utilities

    Cooling system
    Central Air, Exhaust Fan (Cooling)

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Meldina Dervisevic
    Meldina Dervisevic

    Listing agent Meldina Dervisevic License #471006933

    Listing office Century 21 Dream Homes 550 W Frontage Rd STE 2820, Northfield, IL

    Listing date Sep 6, 2025

    MLS# 12465423

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully operational restaurant with approximately 1,500 sq. ft. of dining space and seating for up to 32 guests
    • Fully remodeled kitchen and complete dining setup
    • Included equipment: refrigerators, grill, gear machine, and coffee machine
    • Included items include a cash register and shelving, plus tables and chairs
    • Includes food inventory and meat cutter and kitchen supplies
    • On‑site parking and located in a high‑traffic retail corridor

    Overview

    This turnkey restaurant is fully operational and set up for day-one service. The offer includes approximately 1,500 square feet of dining space with seating for up to 32 guests, supported by a fully remodeled kitchen and complete dining room equipment. The included package lists core restaurant assets such as refrigerators, grill equipment, a gear machine, and a coffee machine, along with a cash register and shelving. Kitchen and dining inclusions also cover tables, chairs, dining equipment, and additional items such as a meat cutter and other kitchen supplies, plus food inventory.

    The property is positioned in a high-traffic retail corridor and is described as having strong neighboring businesses, excellent visibility, and ample parking. These factors are intended to support customer access and walk-in potential in a retail-focused setting.

    This is a strong fit for an owner-operator looking to take over an operating restaurant without building out equipment from scratch, or for an investor seeking to purchase a ready-to-run foodservice concept. The space is configured around seated dining for small-to-mid size groups, making it practical for operators prioritizing guest service and an efficient kitchen setup.
    Property Profile Location Intelligence

    Current Use by Public Records

    Toscana Grill Restaurant

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.692021
    Latitude
    41.97924

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    FAQs

    What type of property is this?
    Turn key restaurant - Fully operational restaurant offering a remodeled kitchen and complete dining setup for immediate use.
    Where is this turn key restaurant located?
    The property is located at 5357 N LINCOLN Avenue Chicago, IL.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: Fully operational restaurant with approximately 1,500 sq. ft. of dining space and seating for up to 32 guests; Fully remodeled kitchen and complete dining setup; Included equipment: refrigerators, grill, gear machine, and coffee machine
    (773) 472-6900
    We can help!
    Listing Contact
    Meldina Dervisevic
    Meldina Dervisevic
    Real Estate License ID: 471006933
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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