Built-Out Restaurant with Outdoor
For Sale
Contact for pricing
6336 111TH ST, Chicago Ridge, IL 60415
B1-3-zoned restaurant with commercial kitchen infrastructure, bar improvements, and outdoor dining.
Property Size2,024 SF
Price / SF$395.26
Days on Market159
Property Features for 6336 111TH ST
General Information
Standard status
Active
Size
2,024 SF
Class
B
Property subtype
Retail, Hospitality, Business for Sale
Zoning
B1-3
Investment Type
Owner/User
Restaurant
Commercial Hood
Yes
Patio
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1973
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Pontarelli
Listed By:
Nicole Quattrocchi · License #IL 471.014953
Source:
Crexi
Added: May 11
Changed: Oct 15
Last Checked: Oct 16 at 9:40AM
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 Pontarelli
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Investment Insights
Based on property information with market context.
This built-out restaurant property includes a full commercial kitchen, bar area, and outdoor dining component. Kitchen improvements include an 18-foot hood and walk-in freezer, while plumbing and electrical systems have been updated. The building was constructed in 1973 and is identified with B1-3 zoning.
The property is located at 6336 111th St in Chicago Ridge along the 111th Street corridor. The surrounding area includes established retail and residential neighborhoods. Existing restaurant improvements provide a functioning physical layout for continued food-service use, subject to applicable zoning and approvals.
The property is located at 6336 111th St in Chicago Ridge along the 111th Street corridor. The surrounding area includes established retail and residential neighborhoods. Existing restaurant improvements provide a functioning physical layout for continued food-service use, subject to applicable zoning and approvals.
Key Highlights
- Full commercial kitchen with an 18‑foot hood
- Walk‑in freezer included
- Outdoor dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,882
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,640
$677.6K
Cap Rate 7%
$484,029
$484.0K
Cap Rate 9%
$376,467
$376.5K
Market Conditions
NOI Build-Up for 2,024 SF
Gross rent
$48.6K $24.00/SF
− Vacancy
−$3.4K −$1.68/SF
EGI
$45.2K $22.32/SF
− OpEx
−$11.3K −$5.58/SF
NOI
$33.9K $16.74/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,640
Cap Rate 7%
$484,029
Cap Rate 9%
$376,467
Alternative Uses
Best Use
Specialty Retail
$484.0K
$423.5K – $564.7K
NOI $33,882 @ 7.0% cap · market cap 4.24%
Second Best
Industrial
$124.5K
$108.9K – $145.2K
NOI $8,713 @ 7.0% cap · market cap 1.09%
Theoretical Best
Office A
$698.8K
$611.5K – $815.3K
NOI $48,916 @ 7.0% cap · market cap 6.11%
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
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
68k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 98%
Dining 2%
Thorntons
Shops & Services
30,235 visits/mo
0.1 miles
Shell
Shops & Services
14,259 visits/mo
0.1 miles
Dollar Tree
Shops & Services
13,748 visits/mo
0.2 miles
Family Dollar
Shops & Services
6,044 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
2,074 visits/mo
0.4 miles
Demographics for 60415, IL
14,433
Population
5,840
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
6,275
Density / Sq Mi
$69,389
Median Household Income
$48,226
Median Earnings
$1,198
Median Rent
$217,800
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 Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - B1-3-zoned restaurant with commercial kitchen infrastructure, bar improvements, and outdoor dining.
Where is this conventional restaurant located?
The property is located at 6336 111TH ST Chicago Ridge, IL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Full commercial kitchen with an 18‑foot hood; Walk‑in freezer included; Outdoor dining area
