Property profile

3754 Armitage Ave Chicago, IL 60647

OFF-MARKET
Retail properties & Spaces
Property ID
US28-0044011
6,000 SF
Entity Owned 9-yr Hold
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 6,000 SF
UPID US28-0044011

Cap rate & NOI

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

Location

3754 Armitage Ave Chicago, IL 60647
Chicago metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
2017
Price N/A

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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