Property profile

6935 Sheridan Rd Chicago, IL 60626

OFF-MARKET
Retail properties & Spaces
8,717 SF Built 60
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property presents a unique investment opportunity in Chicago's vibrant Edgewater neighborhood. Located at 6935 N Sheridan Rd, this 8,717 square foot, single-story building boasts a prime location, just steps from Loyola University, the CTA Red Line, Edgewater Beach, and a newly opened Target. The property, zoned for restaurant use, features a well-established Italian restaurant with a 24-year history, although currently closed. Included in the sale are the real estate, furniture, fixtures, and equipment. The building offers significant potential for continued operation as a restaurant or redevelopment into a mixed-use property. A substantial 3,950 square foot basement provides ample space currently configured as a prep kitchen, office space, green room, storage, and includes two walk-in coolers and one walk-in freezer. The property sits on a 100' x 150' lot with paved parking and two gas pumps. Owner financing is available. This is a rare chance to acquire a fully equipped restaurant with significant upside potential in a high-demand area. The property's versatility and prime location make it an ideal investment for both owner-users and developers seeking a strong return. The building's Class B designation reflects its solid construction and functionality. This turnkey operation is ready for a new chapter.

Property profile

Verified
Property type Retail properties & Spaces
Year built 60
Total area 8,717 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Community Center

Location

6935 Sheridan Rd Chicago, IL 60626
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6935 Sheridan Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message