Turn-Key Cafe
7555 N California Ave, Chicago, IL 60645
For Sale
Contact for pricing
Cafe available for new ownership at California and Howard.
Property Size1,640 SF
Price / SF$518.29
Days on Market865
Property Features for 7555 N California Ave
General Information
Standard status
Size
Class
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Building Details
Year Renovated
Buildings
Stories
Listing Agency:
Imperial Realty Company
Listed By:
Theron May · License IL 471.019986
(773) 736-6461
Source:
Crexi
Added: Jun 30, 2024
Changed: Nov 5
Last Checked: Nov 10 at 8:35AM
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 Imperial Realty Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at the southeast corner of California and Howard, this turn-key cafe is available for new ownership. The existing business, Bond Coffee Collective, is ready for an experienced operator. The property benefits from high traffic volume, with over 20,000 vehicles passing by daily. The surrounding area has a substantial population, with 167,658 residents within a 2-mile radius. The property size is 1,640 square feet.
Key Highlights
- Turn‑key cafe ready for experienced operator.
- High traffic location: Over 20,000 vehicles pass daily.
- High population density: 167,658 within a 2‑mile radius.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,524
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,480
$610.5K
Cap Rate 7%
$436,057
$436.1K
Cap Rate 9%
$339,156
$339.2K
Market Conditions
NOI Build-Up for 1,640 SF
Gross rent
$43.3K $26.40/SF
− Vacancy
−$2.6K −$1.58/SF
EGI
$40.7K $24.82/SF
− OpEx
−$10.2K −$6.20/SF
NOI
$30.5K $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%
$610,480
Cap Rate 7%
$436,057
Cap Rate 9%
$339,156
Alternative Uses
Best Use
Specialty Retail
$436.1K
$381.6K – $508.7K
NOI $30,524 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$773.3K
$676.6K – $902.1K
NOI $54,128 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,493
Businesses Nearby
296k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 34%
Shops & Services 28%
Apparel 17%
Dining 11%
Target
Superstores
101,358 visits/mo
0.4 miles
Dollar Tree
Shops & Services
25,615 visits/mo
0.3 miles
Best Buy
Electronics
25,340 visits/mo
0.5 miles
Ross Dress for Less
Apparel
24,557 visits/mo
0.3 miles
Ross Dress for Less
Apparel
20,642 visits/mo
0.4 miles
Demographics for 60645, IL
48,356
Population
18,143
Households
2.7
Avg Household Size
36
Median Age
45%
College-Educated
86%
High-School Grad
2.2 sq mi
ZIP Area
21,980
Density / Sq Mi
$77,126
Median Household Income
$40,666
Median Earnings
$1,424
Median Rent
$308,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Coffee shops in Chicago, IL
Properties on Market for Coffee shops in Chicago
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
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- Starbucks — 7137 N Western Ave, Chicago, IL 60645
- Starbucks — 3312 W Touhy Ave, Skokie, IL 60076
- Tree House Cat Cafe (Reserve your spot today!) — 7225 N Western Ave, Chicago, IL 60645
Frequently Asked Questions
What type of property is this?
Coffee shop - Cafe available for new ownership at California and Howard.
Where is this coffee shop located?
The property is located at 7555 N California Ave Chicago, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Turn‑key cafe ready for experienced operator.; High traffic location: Over 20,000 vehicles pass daily.; High population density: 167,658 within a 2‑mile radius.
