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    OFF-MARKET
    Retail properties & Spaces

    1057 Wolcott Ave, Chicago, IL 60622

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    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Permitted uses
    Allowed · conditional · prohibited
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