8315 Cottage Grove Ave Chicago, IL 60619
This exceptional retail opportunity presents a 19,250 square foot property located at 8315 S. Cottage Grove Avenue in Cook County. Currently operating as a successful Pepe's Restaurant for the past 25 years, this turnkey establishment offers 2,052 square feet of immediately available space. The building boasts a newly remodeled interior and is fully equipped for restaurant operations, including a drive-thru. The property sits on a sizable 16,500 square foot lot (150' x 110'), with an additional lot available, expanding the total area to 19,250 square feet. Its prime location on South Cottage Grove Avenue, a high-traffic area with 11,900 vehicles per day (VPD), ensures excellent visibility and accessibility. Situated just 100 feet from the intersection of Cottage Grove and 83rd Street, adjacent to a Falcon Fuels gas station, this property benefits from significant foot and vehicle traffic. Ideal for a quick-service restaurant (QSR) or a double drive-thru QSR, this property offers a rare chance to acquire a well-established, high-performing location with immediate occupancy. The single-tenant building presents a unique opportunity for a business seeking a turnkey operation in a thriving commercial area.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.