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    OFF-MARKET
    Retail properties & Spaces

    6027 Dempster St, Morton Grove, IL 60053

    1,700 SF
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • OMG Nafisa's Kitchen Restaurant
    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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