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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    3754 Armitage Ave, Chicago, IL 60647

    6,000 SF
    Entity Owned 9-yr Hold
    Property ID
    US28-0044011
    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 Commercial real estate
    Total area 6,000 SF
    APN 13-35-127-025-0000
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Lawndale Townhome Dev Corp · 9 yrs held
    Lawndale Townhome Dev Corp
    since 2017
    2 recorded transactions
    2017
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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