Chicago Commissary Kitchen For
For Sale
Contact for pricing
Chicago Illinois Wedding Caterer, Chicago, IL 60601
Freestanding commissary kitchen with established catering business and high sales.
Property Size4,000 SF
Price / SF$173.75
Days on Market763
Property Features for Chicago Illinois Wedding Caterer
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Business for Sale, Retail
Listing Agency:
The Shumacher Group
Listed By:
Steven Josovitz · License #GA 164878
Source:
Crexi
Added: Jun 29, 2024
Changed: Jul 6
Last Checked: Jul 25 at 6:35AM
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 The Shumacher Group
Investment Insights
Based on property information with market context.
This is a freestanding commissary kitchen located in Chicago, Illinois. The 4,000 square foot facility features a state-of-the-art kitchen equipped with multiple walk-in boxes. The business, a wedding and corporate catering service, has been under the same ownership for 25 years. The business reports gross sales of $3,236,000 and a net profit of $200,013.26 in 2023. Weddings account for 75% of the business. The rent is $7,000 all in, with term remaining on the lease and an option to renew. A full staff is in place. The business has clean books and tax returns and is SBA friendly. The business is priced at $695,000 and includes training and support.
Key Highlights
- Profitable catering business with $3.2M in gross sales and $200K+ net profit in 2023.
- Freestanding 4,000 SF commissary with a state‑of‑the‑art kitchen and walk‑in boxes.
- Established business with the same owner for 25 years, indicating stability.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.7k | $9.43 |
| − Vacancy | −$1.9k | −$0.47 |
| EGI | $35.8k | $8.96 |
| − OpEx | −$10.8k | −$2.69 |
| NOI | $25.1k | $6.27 |
4,000 SF · lease $9.43/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.06M
$930.6K – $1.24M
NOI $74,448 @ 7.0% cap · market cap 10.71%
Second Best
Industrial
$358.3K
$313.6K – $418.1K
NOI $25,084 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,019 @ 7.0% cap · market cap 19.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
35,231
Businesses Nearby
337k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 45%
Hotels & Casinos 33%
Shops & Services 15%
Dining 7%
Nordstrom
Apparel
136,729 visits/mo
0.4 miles
theWit Chicago - a DoubleTree by Hilton Hotel
Hotels & Casinos
35,939 visits/mo
0.2 miles
Sheraton Grand Chicago Riverwalk
Hotels & Casinos
28,646 visits/mo
0.3 miles
Hampton Inn & Suites Chicago Downtown By Hilton
Hotels & Casinos
26,716 visits/mo
0.4 miles
BP
Shops & Services
25,664 visits/mo
0.3 miles
Demographics for 60601, IL
15,814
Population
10,727
Households
1.5
Avg Household Size
36
Median Age
86%
College-Educated
95%
High-School Grad
0.4 sq mi
ZIP Area
39,535
Density / Sq Mi
$127,323
Median Household Income
$100,078
Median Earnings
$2,451
Median Rent
$495,400
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Freestanding commissary kitchen with established catering business and high sales.
Where is this commercial kitchen located?
The property is located at Chicago Illinois Wedding Caterer Chicago, IL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Profitable catering business with **$3.2M in gross sales and $200K+ net profit in 2023.**; Freestanding **4,000 SF commissary with a state‑of‑the‑art kitchen and walk‑in boxes.**; Established business with the same owner for 25 years, indicating stability.
