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    8315 Cottage Grove Ave Chicago, IL 60619

    Sponsored
    For Lease
    Contact for pricing

    Turnkey Restaurant, High Visibility, Immediate Availability

    Lot size:
    19,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents a 19,250 square foot property located at 8315 S. Cottage Grove Avenue in Cook County. Currently operating as a successful Pepe's Restaurant for the past 25 years, this turnkey establishment offers 2,052 square feet of immediately available space. The building boasts a newly remodeled interior and is fully equipped for restaurant operations, including a drive-thru. The property sits on a sizable 16,500 square foot lot (150' x 110'), with an additional lot available, expanding the total area to 19,250 square feet. Its prime location on South Cottage Grove Avenue, a high-traffic area with 11,900 vehicles per day (VPD), ensures excellent visibility and accessibility. Situated just 100 feet from the intersection of Cottage Grove and 83rd Street, adjacent to a Falcon Fuels gas station, this property benefits from significant foot and vehicle traffic. Ideal for a quick-service restaurant (QSR) or a double drive-thru QSR, this property offers a rare chance to acquire a well-established, high-performing location with immediate occupancy. The single-tenant building presents a unique opportunity for a business seeking a turnkey operation in a thriving commercial area.

    Property Features for 8315 Cottage Grove Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,250 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,052 SF

    HighLights

    • 19,250 SF retail building in Cook County, IL.
    • Single‑tenant, 2,052 SF vacant space available.
    • Free‑standing building, previously a Pepe's Restaurant, fully equipped and remodeled.
    • Excellent visibility on Cottage Grove Ave (11,900 VPD).
    • Ideal for QSR or double drive‑thru QSR; immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -87.6048938
    Latitude
    41.7433926

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    FAQs

    What type of property is this?
    Retail property - Turnkey Restaurant, High Visibility, Immediate Availability
    Where is this retail property located?
    The property is located at 8315 Cottage Grove Ave Chicago, IL.
    What are key features of this property?
    This property features: 19,250 SF retail building in Cook County, IL.; Single-tenant, 2,052 SF vacant space available.; Free-standing building, previously a Pepe's Restaurant, fully equipped and remodeled.
    Request Owner's contact information
    8315 Cottage Grove Ave Chicago, IL 60619
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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
    8315 Cottage Grove Ave Chicago, IL 60619
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