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    Confidential Riv Chicago, IL 60642

    Sponsored
    For Sale
    $150,000

    Turnkey Chicago Restaurant, 3557 SF

    Property size:
    3,557 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,557 square foot restaurant in Chicago's vibrant River West neighborhood is available for sale. Built in 2018 and renovated in 2019, this single-unit property boasts a full commercial kitchen, perfect for a variety of culinary concepts. The attractive outdoor seating area adds significant appeal, enhancing the dining experience. The property is zoned PD, offering flexibility for commercial uses. The interior comfortably accommodates 139 patrons, while the outdoor space can seat 49. This turnkey operation presents a unique opportunity for an owner/user to establish or expand their business in a prime location within Cook County, Illinois, zip code 60642. The asking price is $150,000, and the lease is a gross lease. This meticulously maintained space is ready for immediate occupancy, offering a sophisticated and charming environment for diners. The property's location within the dynamic River West area provides access to a diverse and thriving community. This is an exceptional opportunity to own a well-established restaurant in a high-demand location.

    Property Features for 0 Confidential Riv

    General Information

    Property type
    Restaurants
    Square Feet
    3,557 SF

    Building Details

    Year Built/Renovated
    2018/2019
    Buildings
    1
    Units
    1

    HighLights

    • 3,557 SF building ideal for restaurant use.
    • 2019 renovation featuring modern amenities.
    • PD zoning allows diverse commercial uses.
    • Excellent location in Chicago's vibrant market.
    • 49‑space outdoor component.
    • 139‑person interior capacity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6531805
    Latitude
    41.9007097

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Chicago Restaurant, 3557 SF
    Where is this restaurant located?
    The property is located at Confidential Riv Chicago, IL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: 3,557 SF building ideal for restaurant use.; 2019 renovation featuring modern amenities.; PD zoning allows diverse commercial uses.
    Request Owner's contact information
    Confidential Riv Chicago, IL 60642
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    Chicago, IL 60642
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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
    Confidential Riv Chicago, IL 60642
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