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Property profile & analytics
FOR SALE
Retail space

7555 N California Ave Chicago, IL 60645

1,500 SF 0.28 ac lot Built 1951
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US28-2150681
Property summary
AI-generated overview

This exceptional Class A, 1,640 square foot QSR/Fast Food property located at 7555 N California Ave, Chicago, IL 60645, is available for $1,800,000 ($1,097.56/sq ft). Situated on a hard corner with high visibility, this owner-user investment opportunity boasts a completely renovated interior and exterior, completed in 2024. The property features a convenient drive-thru, ample private parking, and a prominent pylon sign ensuring maximum brand exposure. Benefit from a high traffic count, with over 20,000 vehicles passing daily, and a substantial 2-mile population of 167,658. The single-story building is zoned for commercial use and offers attractive outdoor seating. Currently vacant, this turn-key operation is ready for immediate occupancy, presenting a unique chance for a seasoned operator to establish or expand their business. All systems are in place for a seamless transition. This is a rare opportunity to acquire a fully renovated, high-traffic, and strategically located QSR/Fast Food establishment in a thriving Chicago neighborhood.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1951
Total area 1,500 SF
Lot 0.28 ac (12,400 SF)
APN 10-25-400-051
UPID US28-2150681
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
  • Bond Coffee Collective Cafe & Coffee Shop
  • Smash Sandwich Cafe Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Meirim Food Holdings LLC · 8 yrs held
Meirim Food Holdings LLC
since 2018
4 recorded transactions
2019
Price N/A
2018
$538,000
2014
$405,000
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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