Property summary
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
VerifiedCap rate & NOI
Current use
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Community Center
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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