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Executive Summary
The subject property is a 4,300-square-foot single-story retail building situated on a 6,250-square-foot site, currently configured as a fully built-out restaurant in very good condition. Zoned B3-1, the current restaurant space was originally completed in 2010 and subsequently updated in 2015. The space benefits from a modern layout and infrastructure. A final Certificate of Occupancy was issued on May 19, 2017, supporting immediate occupancy for a new operator.
The restaurant is truly turnkey, with a full complement of furniture, fixtures, and equipment (FF&E) in place. The flexible layout accommodates a wide range of food service concepts, including full-service dining, bar-focused operations, private events, banquets, and catering. The front-of-house features a 15-seat bar, multiple dining areas that can be configured for varying group sizes, ADA-compliant men’s and women’s restrooms, and a dedicated employee washroom.
The commercial kitchen is well-equipped to support high-volume operations, featuring a 14-foot black-iron exhaust hood, a gas-fired make-up air system, and a dedicated dishwasher hood. Additional infrastructure includes a 75-gallon gas-fired Rheem water heater, in-floor grease interceptors, and robust 600-amp, 3-phase electrical service. The layout incorporates generous prep space with stainless steel prep tables, multiple prep sinks and hand sinks, a utility closet, two walk-in coolers, and ample dry storage.
The property also includes a large, secure rear parking area providing convenient on-site surface parking, as well as designated space for refuse and recycling. Overall, the asset presents a rare opportunity to acquire a fully improved, ready-to-operate restaurant facility with significant infrastructure already in place.
The restaurant is truly turnkey, with a full complement of furniture, fixtures, and equipment (FF&E) in place. The flexible layout accommodates a wide range of food service concepts, including full-service dining, bar-focused operations, private events, banquets, and catering. The front-of-house features a 15-seat bar, multiple dining areas that can be configured for varying group sizes, ADA-compliant men’s and women’s restrooms, and a dedicated employee washroom.
The commercial kitchen is well-equipped to support high-volume operations, featuring a 14-foot black-iron exhaust hood, a gas-fired make-up air system, and a dedicated dishwasher hood. Additional infrastructure includes a 75-gallon gas-fired Rheem water heater, in-floor grease interceptors, and robust 600-amp, 3-phase electrical service. The layout incorporates generous prep space with stainless steel prep tables, multiple prep sinks and hand sinks, a utility closet, two walk-in coolers, and ample dry storage.
The property also includes a large, secure rear parking area providing convenient on-site surface parking, as well as designated space for refuse and recycling. Overall, the asset presents a rare opportunity to acquire a fully improved, ready-to-operate restaurant facility with significant infrastructure already in place.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,300 SF
Building Class
B
Year Built
1965
Price
$545,000
Price Per SF
$126.74
Tenancy
Single
Building Height
1 Story
Building FAR
0.69
Lot Size
0.14 AC
Zoning
B-3
Parking
8 Spaces (1.86 Spaces per 1,000 SF Leased)
Frontage
56’ on Diversey Ave
Amenities
- Bus Line
- Signage
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $92,688 | |
| Land Assessment | $39,062 | Total Assessment | $131,750 |
Property Taxes
Parcel Numbers
Land Assessment
$39,062
Improvements Assessment
$92,688
Total Assessment
$131,750
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5445 W Diversey Pky
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