Restaurant Property For
For Sale
$770,000
Pending
5926-28 S PULASKI Road, Chicago, IL 60629
Restaurant property offered for sale with convenient regional access via I-55 and Pulaski Road.
Property Size1,440 SF
Days on Market84
Property Features for 5926-28 S PULASKI Road
General Information
Standard status
Pending
Size
1,440 SF
Property subtype
Business Opportunity
Zoning
COMMR
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$9,705
Amenities
Central Air
Building Details
Building Size
1,440 SF
Stories
1
Listing Agency:
RE/MAX Mi Casa
(773) 767-1616
Listed By:
Maria Castillo · License #475122116
(773) 767-1616
Source:
Evrealestate
Added: May 29
Changed: Aug 8
Last Checked: Jul 24 at 7:36AM
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 RE/MAX Mi Casa
Investment Insights
Based on property information with market context.
This restaurant property is being offered for sale and is appropriate for operators looking for an established commercial food service platform. The asset is listed as a conventional restaurant/commercial real estate offering.
The property is located at 5926-28 S Pulaski Road in Cook County, Chicago. Access is described via I-55 to Pulaski Road (4000W), proceeding south to 5926, supporting straightforward arrival for customers and vendors traveling through the corridor.
For potential buyers or experienced restaurant groups, this offering can be a practical fit when seeking a dedicated restaurant-focused location. Its commercial intent and existing restaurant classification may reduce early due-diligence on basic use alignment, while the roadway access route can help with day-to-day visibility and convenience. Interested parties should review the asset directly to confirm layout, condition, and any operational requirements prior to making an investment decision.
The property is located at 5926-28 S Pulaski Road in Cook County, Chicago. Access is described via I-55 to Pulaski Road (4000W), proceeding south to 5926, supporting straightforward arrival for customers and vendors traveling through the corridor.
For potential buyers or experienced restaurant groups, this offering can be a practical fit when seeking a dedicated restaurant-focused location. Its commercial intent and existing restaurant classification may reduce early due-diligence on basic use alignment, while the roadway access route can help with day-to-day visibility and convenience. Interested parties should review the asset directly to confirm layout, condition, and any operational requirements prior to making an investment decision.
Key Highlights
- Restaurant property for sale with convenient regional access via I‑55 and Pulaski Road
- Directions: I‑55 to Pulaski Rd. (4000W), south to 5926
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,900
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$458,000
$458.0K
Cap Rate 7%
$327,143
$327.1K
Cap Rate 9%
$254,444
$254.4K
Market Conditions
NOI Build-Up for 1,440 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.8K $22.80/SF
− Vacancy
−$2.3K −$1.60/SF
EGI
$30.5K $21.20/SF
− OpEx
−$7.6K −$5.30/SF
NOI
$22.9K $15.90/SF
Area
ZIP 60629
Vacancy
7.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$458,000
Cap Rate 7%
$327,143
Cap Rate 9%
$254,444
Alternative Uses
Best Use
Specialty Retail
$327.1K
$286.3K – $381.7K
NOI $22,900 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.29M
$1.13M – $1.51M
NOI $90,425 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,098
Businesses Nearby
57k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 12%
7-Eleven
Shops & Services
15,476 visits/mo
0.1 miles
Shell
Shops & Services
10,962 visits/mo
0.5 miles
AutoZone
Shops & Services
9,895 visits/mo
0.2 miles
BP
Shops & Services
9,268 visits/mo
0.1 miles
Taqueria Los Comales
Dining
6,773 visits/mo
0.1 miles
Demographics for 60629, IL
114,453
Population
36,283
Households
3.2
Avg Household Size
33
Median Age
14%
College-Educated
74%
High-School Grad
7.0 sq mi
ZIP Area
16,350
Density / Sq Mi
$58,813
Median Household Income
$34,635
Median Earnings
$1,106
Median Rent
$236,300
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property offered for sale with convenient regional access via I-55 and Pulaski Road.
Where is this conventional restaurant located?
The property is located at 5926-28 S PULASKI Road Chicago, IL.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: Restaurant property for sale with convenient regional access via I‑55 and Pulaski Road; Directions: I‑55 to Pulaski Rd. (4000W), south to 5926; Central air conditioning
