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    2537 Wabash Ave Chicago, IL 60616

    Sponsored
    For Lease
    Contact for pricing

    250 sq ft Commercial Kitchen for Lease

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 250-square-foot Class B commercial kitchen, located at 2537 S Wabash Ave in Chicago, IL (zip code 60616, Cook County), is perfect for a single-tenant operation. Ideal for various food businesses, including startups, personal chefs, caterers, food trucks, single-location restaurants, or expanding national chains. The property is a turnkey solution, designed for efficient and affordable operation, minimizing overhead costs and maximizing profitability. This retail/restaurant space offers a prime location within a high-demand delivery area, providing immediate access to a large customer base. The kitchen is designed to streamline operations, allowing for efficient food preparation and service. This is a fantastic opportunity to establish or expand a food-related business in a thriving Chicago neighborhood. The property is a single-tenant space, providing exclusive use of the kitchen facilities. This location offers significant potential for growth and success in the competitive food industry. The address is easily accessible for both customers and delivery services. This is a rare opportunity to secure a well-located, efficient, and affordable commercial kitchen space in a bustling Chicago market.

    Property Features for 2537 Wabash Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF
    Class
    B

    Unit(s) available at that property

    Space
    Available Space
    Size
    1 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Morrison’s Soul Food Soul Food Restaurant Cafe Trinidad To Go Caribbean Restaurant South Loop Food ... Shared-Use Commercial Kitchen Scooped Cookie Dough ... Dessert Shop Simply Sweet Bake ... Bakery

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6248886
    Latitude
    41.8463923

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    FAQs

    What type of property is this?
    Restaurant - 250 sq ft Commercial Kitchen for Lease
    Where is this restaurant located?
    The property is located at 2537 Wabash Ave Chicago, IL.
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    2537 Wabash Ave Chicago, IL 60616
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    Chicago, IL 60616
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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

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    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
    2537 Wabash Ave Chicago, IL 60616
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