1057 Wolcott Ave, Chicago, IL 60622
This exceptional restaurant space, located at 1057-59 N Wolcott Ave in Chicago's vibrant Ukrainian Village neighborhood (zip code 60622), presents a rare opportunity. Situated on a prominent corner lot, with Thomas Ave as a cross street, this landmark building boasts a newly renovated (2023) facade and structure, meticulously restored to its original architectural glory. The property, encompassing a two-story building (APN 17-06-415-001, Cook County), is zoned C1-2 and offers a single-tenant occupancy. The space is ideally suited for a full-service restaurant, with plans already approved and construction underway for a complete buildout. A key feature is a spacious, enclosed private patio area located at the rear of the building, providing an ideal outdoor dining experience. This is a turnkey opportunity for an experienced restaurant operator to establish themselves in a highly desirable location, benefiting from the building's rich history and prime corner visibility. The property's location offers excellent access to local residents and ample foot traffic. This is a unique chance to secure a well-positioned, fully renovated restaurant space in a thriving Chicago neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.