Conventional Restaurant with Commercial
For Sale
Contact for pricing
Pending
5445 W Diversey Ave, Chicago, IL 60639
Single-story food-service facility with restaurant equipment, multiple dining areas, bar service, and on-site parking.
Property Size4,300 SF
Lot Size0.14 Acres
Days on Market185
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Property Features for 5445 W Diversey Ave
General Information
Standard status
Pending
Size
4,300 SF
Lot size
0.14 Acres
Property subtype
Retail
Zoning
B3-1
Investment Type
Owner/User
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Building Details
Year Built
1958
Year Renovated
2015
Buildings
1
Stories
1
Units
1
Listing Agency:
SVN | Chicago Commercial
Listed By:
Marcus Sullivan · License #IL 475139568
(312) 756-7357
Source:
Crexi
Added: Apr 14
Changed: Oct 6
Last Checked: Oct 14 at 9:25PM
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 SVN | Chicago Commercial
Investment Insights
Based on property information with market context.
This 4,300-square-foot single-story building occupies a 6,250-square-foot site and is configured for restaurant operations. The interior includes a 15-seat bar, several dining areas, ADA-compliant men's and women's restrooms, an employee washroom, two walk-in coolers, dry storage, stainless steel prep tables, and multiple prep and hand sinks. Furniture, fixtures, and equipment remain in place. Kitchen infrastructure includes a 14-foot black-iron exhaust hood, gas-fired make-up air, a dishwasher hood, a 75-gallon gas-fired Rheem water heater, in-floor grease interceptors, and 600-amp, 3-phase electrical service. A final Certificate of Occupancy was issued on May 19, 2017.
The property is zoned B3-1 and supports restaurant, retail, and general business applications, including incidental liquor licenses. A secure rear parking area provides surface parking and designated refuse and recycling space. Located at 5445 W Diversey Ave in Chicago's Belmont Cragin neighborhood, the property has access to CTA bus routes #77 Belmont, #54 Cicero, and #73 Armitage, as well as Cicero Avenue and the surrounding Northwest Side roadway network.
The property is zoned B3-1 and supports restaurant, retail, and general business applications, including incidental liquor licenses. A secure rear parking area provides surface parking and designated refuse and recycling space. Located at 5445 W Diversey Ave in Chicago's Belmont Cragin neighborhood, the property has access to CTA bus routes #77 Belmont, #54 Cicero, and #73 Armitage, as well as Cicero Avenue and the surrounding Northwest Side roadway network.
Key Highlights
- 4,300‑square‑foot restaurant building on a 6,250‑square‑foot site
- 15‑seat bar, multiple dining areas, ADA restrooms, and employee washroom
- 14‑foot black‑iron exhaust hood with gas‑fired make‑up air system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,813
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,260
$336.3K
Cap Rate 7%
$240,186
$240.2K
Cap Rate 9%
$186,811
$186.8K
Market Conditions
NOI Build-Up for 4,300 SF
Gross rent
$27.9K $6.48/SF
− Vacancy
−$3.8K −$0.89/SF
EGI
$24.0K $5.59/SF
− OpEx
−$7.2K −$1.68/SF
NOI
$16.8K $3.91/SF
Area
ZIP 60639
Vacancy
13.80%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,260
Cap Rate 7%
$240,186
Cap Rate 9%
$186,811
Alternative Uses
Best Use
Specialty Retail
$1.01M
$882.0K – $1.18M
NOI $70,560 @ 7.0% cap · market cap 12.95%
Second Best
Retail
$876.3K
$766.8K – $1.02M
NOI $61,343 @ 7.0% cap · market cap 11.26%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,087 @ 7.0% cap · market cap 24.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
1,860
Businesses Nearby
47k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 94%
Electronics 6%
Tony's Fresh Market
Groceries
44,699 visits/mo
0.4 miles
Boost Mobile
Electronics
2,628 visits/mo
0.5 miles
Demographics for 60639, IL
89,543
Population
28,656
Households
3.1
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
5.0 sq mi
ZIP Area
17,909
Density / Sq Mi
$59,710
Median Household Income
$34,846
Median Earnings
$1,212
Median Rent
$289,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-story food-service facility with restaurant equipment, multiple dining areas, bar service, and on-site parking.
Where is this conventional restaurant located?
The property is located at 5445 W Diversey Ave Chicago, IL.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: 4,300‑square‑foot restaurant building on a 6,250‑square‑foot site; 15‑seat bar, multiple dining areas, ADA restrooms, and employee washroom; 14‑foot black‑iron exhaust hood with gas‑fired make‑up air system
