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    6047 W Addison St Chicago, IL 60634

    For Lease
    $25 SF/Yr

    Prime restaurant space in a high-traffic Chicago neighborhood.

    Property Features for 6047 W Addison St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1998

    Source: COLDWELL BANKER REALTY Agent MICHAEL KANG

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Space in Portage Park

    Located in the heart of Portage Park on a busy main street, this restaurant space benefits from high foot and vehicle traffic and maximum exposure in a densely populated residential neighborhood. Positioned in a strip mall with a busy laundromat, the property features outstanding visibility and natural light. Constructed in 1998, the building includes high ceilings, central air conditioning, central heating, a security system, and smoke detectors. The interior features two fully equipped kitchen areas, one for primary cooking and another for dishwashing and condiment preparation, designed for efficient and flexible operations. Twelve parking spaces are conveniently located directly in front of the entrance. Zoned B3-1, the property supports a wide range of commercial uses, making it suitable for a restaurant, cafe, fast casual, or other food service concepts.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

    Similar Places Nearby

    Ovy Signature Catering, Cynthia Jay Mobile Bartending Services Inc

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7782947
    Latitude
    41.9455007

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    FAQs

    What type of property is this?
    Restaurant - Prime restaurant space in a high-traffic Chicago neighborhood.
    Where is this restaurant located?
    The property is located at 6047 W Addison St Chicago, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in Portage Park with high foot and vehicle traffic.; - Two fully equipped kitchen areas for efficient operations.; - 12 parking spaces directly in front of the entrance.
    Request Owner's contact information
    6047 W Addison St Chicago, IL 60634
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    6047 W Addison St Chicago, IL 60634
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