Established Pizza Restaurant with Real
For Sale
$499,000
9123 Ogden Ave, Brookfield, IL 60513
Operating restaurant with a commercial kitchen, dining area, equipment, and established food-service operations.
Property Size1,209 SF
Price / SF$412.74
Days on Market10
Property Features for 9123 Ogden Ave
General Information
Standard status
Active
Size
1,209 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Highway Access
Yes
Equipment Included
Yes
Listing Agency:
Coldwell Banker Realty
(847) 866-8200
Listed By:
Kyle Capone
Source:
Searchillinoishomesforsale
Added: Aug 22
Changed: Aug 31
Last Checked: Aug 31 at 9:47AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This conventional restaurant offering includes the operating business and real estate at 9123 Ogden Ave. The property contains a fully operational kitchen, dining area, and the equipment needed for continued restaurant service. The menu has included pizza, wraps, sandwiches, and pasta, with operations established for more than 30 years under family ownership.
The restaurant occupies three lots along Ogden Avenue and Route 66, with parking for 20+ cars. The sale combines the food-service operation with the underlying property and includes the existing furnishings and restaurant equipment. Additional on-site revenue uses are referenced subject to the right approval.
The restaurant occupies three lots along Ogden Avenue and Route 66, with parking for 20+ cars. The sale combines the food-service operation with the underlying property and includes the existing furnishings and restaurant equipment. Additional on-site revenue uses are referenced subject to the right approval.
Key Highlights
- Operating restaurant business offered with real estate
- Fully operational kitchen, dining area, and restaurant equipment
- More than 30 years of family‑owned restaurant operations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,239
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$404,780
$404.8K
Cap Rate 7%
$289,129
$289.1K
Cap Rate 9%
$224,878
$224.9K
Market Conditions
NOI Build-Up for 1,209 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.0K $24.00/SF
− Vacancy
−$2.0K −$1.68/SF
EGI
$27.0K $22.32/SF
− OpEx
−$6.7K −$5.58/SF
NOI
$20.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$404,780
Cap Rate 7%
$289,129
Cap Rate 9%
$224,878
Alternative Uses
Best Use
Specialty Retail
$289.1K
$253.0K – $337.3K
NOI $20,239 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$417.4K
$365.2K – $487.0K
NOI $29,219 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60513, IL
19,514
Population
8,025
Households
2.4
Avg Household Size
40
Median Age
42%
College-Educated
94%
High-School Grad
3.2 sq mi
ZIP Area
6,098
Density / Sq Mi
$108,527
Median Household Income
$63,410
Median Earnings
$1,334
Median Rent
$314,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant with a commercial kitchen, dining area, equipment, and established food-service operations.
Where is this conventional restaurant located?
The property is located at 9123 Ogden Ave Brookfield, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Operating restaurant business offered with real estate; Fully operational kitchen, dining area, and restaurant equipment; More than 30 years of family‑owned restaurant operations
