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    10350 Western Ave Chicago, IL 60643

    Sponsored
    For Sale
    $850,000

    Restaurant/Bar, 3996 sq ft, Vacant

    Property size:
    3,996 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,996 square-foot retail property, located at 10350 S Western Ave in Chicago's Beverly neighborhood (zip code 60643), presents a unique owner/user investment opportunity. Built in 1966 and renovated in 1995, this single-story building sits on a highly visible corner of Western Avenue near 103rd Street, boasting excellent transit access via PACE bus routes, proximity to I-57 and a Metra train station. The property benefits from substantial foot and vehicle traffic, with daily counts exceeding 25,800 vehicles. Surrounded by a dense residential area and numerous national retailers including Walgreens, Dunkin', 7-Eleven, KFC, Walmart, Whole Foods, and many more, this location ensures high visibility and strong potential for any restaurant or bar concept. The building includes a 3,000 square-foot basement ideal for storage or office space, a walk-in cooler, and fully operational beer lines. A grandfathered 4 AM liquor license is transferable with the LLC. The property is zoned B1-1 and offers significant potential for a business seeking brand exposure in a thriving commercial corridor. Asking price is $850,000, translating to $212.71 per square foot. The property is currently vacant.

    Property Features for 10350 Western Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,996 SF

    Building Details

    Year Built/Renovated
    1966/1995
    Buildings
    1
    Stories
    1

    HighLights

    • $850,000 asking price for a 3,996 SF vacant retail property in Chicago, IL.
    • Located at 10350 S Western Ave, Chicago, IL 60643, in the Beverly neighborhood.
    • Property features a 3,000 SF basement, walk‑in cooler, and operational beer lines. Includes a transferable 4 AM liquor license.
    • Strong transit‑oriented location near public transportation and major roadways, with high traffic counts.
    • B1‑1 zoning. Built in 1966, renovated in 1995.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Atm Brewbakers Bar

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6819672
    Latitude
    41.7049435

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    FAQs

    What type of property is this?
    Individual retail property - Restaurant/Bar, 3996 sq ft, Vacant
    Where is this individual retail property located?
    The property is located at 10350 Western 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: $850,000 asking price for a 3,996 SF vacant retail property in Chicago, IL.; Located at 10350 S Western Ave, Chicago, IL 60643, in the Beverly neighborhood.; Property features a 3,000 SF basement, walk-in cooler, and operational beer lines. Includes a transferable 4 AM liquor license.
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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
    10350 Western Ave Chicago, IL 60643
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