Property profile

6027 Dempster St Morton Grove, IL 60053

OFF-MARKET
Retail properties & Spaces
1,700 SF
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Property summary

AI-generated overview

This 1,700 square foot restaurant located at 6027 W Dempster Street in Morton Grove, Illinois (zip code 60053), is available for sale. Currently operating as OMG Nafisa’s Kitchen, this business-only offering presents a unique opportunity. The property is situated in a bustling business district along Dempster Street, benefiting from high visibility and convenient access. The asking price is $199,000. Two purchase options are available: Option A involves a $199,000 purchase price with a low monthly rent of $3,300, including all equipment and fixtures. Option B offers a lease-only option at $6,500 per month, excluding equipment and fixtures. The current lease is a gross lease with a single tenancy and five years remaining. The restaurant boasts ample parking and operates with weekday hours of 12:00 p.m. to 10:00 p.m. and weekend hours of 11:00 a.m. to 11:00 p.m. This turnkey operation is ideal for an experienced restaurateur looking to establish or expand their business in a high-traffic area. The property offers two five-year lease options. This is a rare opportunity to acquire a well-established restaurant in a desirable location.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,700 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

6027 Dempster St Morton Grove, IL 60053
Morton Grove metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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