Equipped Commercial
For Sale
$250,000
6054 S Prairie Ave, Chicago, IL 60637
Food-preparation facility with service access, commercial equipment, and no dine-in seating.
Property Size900 SF
Price / SF$277.78
Days on Market96
Property Features for 6054 S Prairie Ave
General Information
Standard status
Active
Size
900 SF
Property subtype
Commercial
Additional Details
Equipment Included
Yes
Amenities
Security windows
Building Details
Year Built
1982
Listing Agency:
eXp Realty
Listed By:
Kyle Fambro (708) 287-5801 · License #1014456
(708) 287-5801
Source:
Illianahomesource
Added: Jul 12
Changed: Oct 1
Last Checked: Oct 14 at 11:19PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This commercial kitchen is configured for carry-out, delivery, and quick-service food preparation. The facility includes a service window, four Vulcan warmers, a commercial freezer, refrigerator, stove, fryer, sinks, and stainless-steel prep tables. Its layout is intended for food production without dine-in seating and includes security windows.
Recent property updates include a new furnace, water tank, drywall, and plumbing. Built in 1982, the facility is located at 6054 S Prairie Avenue in Chicago, Illinois.
Recent property updates include a new furnace, water tank, drywall, and plumbing. Built in 1982, the facility is located at 6054 S Prairie Avenue in Chicago, Illinois.
Key Highlights
- Commercial kitchen with service window and no dine‑in seating
- Includes 4 Vulcan warmers, commercial freezer, refrigerator, stove, and fryer
- Sinks and stainless‑steel prep tables support food preparation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,751
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,020
$335.0K
Cap Rate 7%
$239,300
$239.3K
Cap Rate 9%
$186,122
$186.1K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$23.8K $26.40/SF
− Vacancy
−$1.4K −$1.58/SF
EGI
$22.3K $24.82/SF
− OpEx
−$5.6K −$6.20/SF
NOI
$16.8K $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%
$335,020
Cap Rate 7%
$239,300
Cap Rate 9%
$186,122
Alternative Uses
Best Use
Specialty Retail
$239.3K
$209.4K – $279.2K
NOI $16,751 @ 7.0% cap · market cap 6.70%
Second Best
Industrial
$80.6K
$70.6K – $94.1K
NOI $5,644 @ 7.0% cap · market cap 2.26%
Theoretical Best
Office A
$424.3K
$371.3K – $495.1K
NOI $29,704 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Church's Chicken
Dining
9,648 visits/mo
0.4 miles
Demographics for 60637, IL
53,555
Population
26,717
Households
2
Avg Household Size
31
Median Age
37%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
11,901
Density / Sq Mi
$42,080
Median Household Income
$33,227
Median Earnings
$1,170
Median Rent
$243,700
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
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Food-preparation facility with service access, commercial equipment, and no dine-in seating.
Where is this commercial kitchen located?
The property is located at 6054 S Prairie Ave Chicago, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Commercial kitchen with service window and no dine‑in seating; Includes 4 Vulcan warmers, commercial freezer, refrigerator, stove, and fryer; Sinks and stainless‑steel prep tables support food preparation
