About This Restaurant
Investment Highlights
Executive Summary
Prime commercial real estate for sale in Berwyn IL with estimate DCSR of 1.2. Property has (2) addresses currently housing 4 tenants. 6312 W Cermak, spanning 6,000 square feet, houses two tenants including Pierre Bakery West and Canton 8. The property at 6310 W Cermak is 3,000 square feet, currently housing 2 tenants, Uncle Shawarma and a ghost kitchen. This single-story building presents potential opportunities such as upward development to potentially include residential units, thereby increasing rental income. Additionally, transitioning to a mixed-use property could offer tax advantages (buyer advised to conduct due diligence).
Property Details
- Sale Type Investment
- Sale Condition Bulk/Portfolio Sale
- Property Type Retail Retail General Retail Bar General Retail Restaurant General Retail Storefront Retail
- Building Size 9,000
- Building Class C
- Year Built 1951
- Price 2,999,999
- Price Per SF 333
- Cap Rate 10
- NOI 300,000
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.65
- Land Acres 0.32 AC
Nearby Amenities & Transportation
| Retail | Bank of America | ||
| Retail | La Michoacana Meat Market | ||
| Retail | Fifth Third Bank | ||
| Retail | BMO | ||
| Retail | U.S. Bank | ||
| Retail | Chase Bank | ||
| Retail | Byline Bank | ||
| Retail | PNC Bank | ||
| Retail | Order Express, Inc. | ||
| Retail | Longhorn Steakhouse |
Property Taxes
| Parcel Number | 16-20-330-023-0000 16-20-330-024-0000 | Improvements Assessment | $41,438 (2023) |
| Land Assessment | $208,776 (2023) | Total Assessment | $250,214 (2023) |
| Date Created: | 2024-07-16 04:13:38 | Last Updated: | 2024-07-16 04:13:38 |
| Address: | 6310-6312 Cermak Rd , Berwyn, Illinois, 60402 | ||