Restaurant Space with Commercial
For Sale
Contact for pricing
9305 S Halsted Street, Chicago, IL 60620
A customer service counter and rear prep and storage areas complement the dedicated cooking space.
Property Size1,800 SF
Price / SF$0.01
Days on Market30
Property Features for 9305 S Halsted Street
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Restaurant
Site & Location
Neighborhood
Brainerd
Additional Details
Equipment Included
No
Building Details
Year Built
1973
Listing Agency:
Kawash Group
(630) 337-9126
Listed By:
Fares Suleiman
Source:
Helenoliveri
Added: Oct 1
Changed: Oct 28
Last Checked: Oct 28 at 4:27PM
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 Kawash Group
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Investment Insights
Based on property information with market context.
This 1,800-square-foot restaurant space at 9305 S Halsted Street in Chicago has a customer ordering and pickup counter, commercial kitchen, and rear prep and storage areas. Surface parking sits in front of the storefront. The building dates to 1973.
Photographed kitchen equipment includes an exhaust hood, fryers, flat-top griddle, gyro broiler, refrigerated prep counters, upright refrigeration, chest freezers, beverage cooler, and refrigerated display case. Stainless steel prep tables, shelving, sinks, menu screens, and service-counter fixtures are also shown. Equipment may be purchased separately, with the final inventory subject to confirmation.
Photographed kitchen equipment includes an exhaust hood, fryers, flat-top griddle, gyro broiler, refrigerated prep counters, upright refrigeration, chest freezers, beverage cooler, and refrigerated display case. Stainless steel prep tables, shelving, sinks, menu screens, and service-counter fixtures are also shown. Equipment may be purchased separately, with the final inventory subject to confirmation.
Key Highlights
- 1,800‑square‑foot restaurant space
- Commercial kitchen with customer ordering and pickup counter
- Rear prep and storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,288
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,760
$225.8K
Cap Rate 7%
$161,257
$161.3K
Cap Rate 9%
$125,422
$125.4K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$17.0K $9.43/SF
− Vacancy
−$849 −$0.47/SF
EGI
$16.1K $8.96/SF
− OpEx
−$4.8K −$2.69/SF
NOI
$11.3K $6.27/SF
Area
Chicago, IL
Vacancy
5.00%
Lease Rate
$9.43 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,760
Cap Rate 7%
$161,257
Cap Rate 9%
$125,422
Alternative Uses
Best Use
Specialty Retail
$478.6K
$418.8K – $558.4K
NOI $33,502 @ 7.0% cap · market cap 145,660.87%
Second Best
Industrial
$161.3K
$141.1K – $188.1K
NOI $11,288 @ 7.0% cap · market cap 49,078.26%
Theoretical Best
Office A
$848.7K
$742.6K – $990.2K
NOI $59,409 @ 7.0% cap · market cap 258,300.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 98%
Electronics 2%
McDonald's
Dining
28,851 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
7,329 visits/mo
0.5 miles
Boost Mobile
Electronics
873 visits/mo
0.2 miles
Demographics for 60620, IL
66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A customer service counter and rear prep and storage areas complement the dedicated cooking space.
Where is this conventional restaurant located?
The property is located at 9305 S Halsted Street Chicago, IL.
What are key features of this property?
This property features: 1,800‑square‑foot restaurant space; Commercial kitchen with customer ordering and pickup counter; Rear prep and storage areas
