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Property profile & analytics
OFF-MARKET
Retail space

6054 Prairie Ave Chicago, IL 60637

900 SF Built 1925
Entity Owned 2-yr Hold
Property ID
US28-5031496
Property summary
AI-generated overview

This 900-square-foot vacant commercial property, located at 6054 S Prairie Ave in Chicago, IL (zip code 60637, Cook County), is a value-add opportunity priced at $175,000 ($194.44/sq ft). Previously operating as a successful catering kitchen and restaurant, this single-story, Class C building (built in 1925, renovated in 2020) offers a turnkey solution for food-service entrepreneurs. The property includes existing restaurant equipment and benefits from a B3-2 zoning permit. Its prime location near the Green Line and Dan Ryan Expressway ensures excellent accessibility. The impending Obama Presidential Center further enhances the property's long-term investment potential. The sale is AS-IS. The property features one unit within a single building and is currently vacant. The APN is 20-15-309-038-0000. This is a unique chance to capitalize on the growth expected in this vibrant Chicago neighborhood.

Property profile
Verified
Property type Retail space
Year built 1925
Total area 900 SF
APN 20-15-309-038-0000
UPID US28-5031496
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
  • Mama Lucy's Catering Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
by Request
Owner & transaction history
Ventus Lxiv LLC · 2 yrs held
Ventus Lxiv LLC
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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