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    OFF-MARKET
    Retail properties & Spaces

    6935 Sheridan Rd, Chicago, IL 60626

    8,717 SF Built 60
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Bill Morton 49th Community Center
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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