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    11147 S Michigan Ave Chicago, IL 60628

    Sponsored
    Picture of Turn key restaurants at S Michigan Ave 11147, Chicago, IL
    For Sale
    $374,900

    COMMERCIAL - Chicago, IL

    Lot size:
    0.07 Acres
    Days on Market:
    77
    Last Refresh:
    Jan 5 at 1:06 pm

    Property Features for 11147 S Michigan Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    25221020170000
    Lot size
    0.07 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1911
    Floors in Building
    2
    Number of units
    2

    eXp Realty, LLC (888) 574-9405 [email protected]

    Listing agent Reginald Patterson (773) 606-6515

    Listing date Oct 21, 2025

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant and Living Space

    This property, renovated in 2022, has been a West Roseland staple since 1969. Located on Michigan Avenue, it features a turnkey, fully operational storefront restaurant. The restaurant includes all fixtures, furnishings, and equipment. The reputation of Ware Ranch Steak House ensures a loyal customer base. The second floor features an open-concept living and dining area with a fully renovated kitchen. The kitchen includes stainless steel appliances, a backsplash, and cabinets. This space can also be used as a banquet hall. Parking in the rear fits 4 cars. The property is located in Chicago, IL, in the 60628 postal code, within Cook County. The lot size is 0.07 acres. The property can be used as a restaurant, retail property, live-work space, or mixed-use property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ware Ranch Steak ... Steak House Fred & Sons Electricians ... Electrician

    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
    -87.6206892
    Latitude
    41.6912105

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    FAQs

    What type of property is this?
    Turn key restaurant - Fully operational restaurant with renovated living space in Chicago.
    Where is this turn key restaurant located?
    The property is located at 11147 S Michigan Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $374,900.
    What are key features of this property?
    This property features: - Turnkey, fully operational restaurant with all fixtures, furnishings, and equipment included.; - Established restaurant reputation (Ware Ranch Steak House) with a loyal customer base.; - Renovated in 2022, ensuring modern updates and appeal.
    (773) 606-6515
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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
    11147 S Michigan Ave Chicago, IL 60628
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