3754 Armitage Ave, Chicago, IL 60647
This exceptional 6,000-square-foot, two-story restaurant and banquet facility is ideally situated at the corner of Hamlin and Armitage Avenues in Chicago's vibrant Logan Square neighborhood. Priced at $895,000, this turnkey operation includes all restaurant equipment and fixtures (FF&E), such as black iron, hood, sinks, fryer, and stove. The first floor encompasses a 3,000-square-foot restaurant, while the second floor offers an additional 3,000 square feet of versatile banquet or event space. A full, unfinished basement provides ample storage. The property boasts a C1-1 zoning designation, permitting a wide array of small-scale business, service, and commercial uses. Benefitting from high visibility and a daily traffic count of 11,000 vehicles, this location offers excellent accessibility. Public transportation is readily available, with the #73 Armitage bus route within walking distance, the #53 Pulaski bus route 0.3 miles away, the Milwaukee North train line 0.6 miles away, and the CTA Blue Line Logan Square stop just 1.1 miles distant. The property includes 10 parking spaces and is identified by APN 13-35-127-025-0000. This is a rare opportunity to acquire a well-established, fully equipped commercial property in a prime location.
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
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Property description
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