About This Restaurant
Investment Highlights
Heavy daily foot traffic. Huge 25 X 151.3 lot. Across the street from The Quad at DePaul University.
Executive Summary
A beloved DePaul fixture in the Heart of Lincoln Park, overlooking the Quad at DePaul University with spectacular downtown views from above. 2-story brick building, home to Branko's Sandwich Shop since 1976. Huge 25 X 151.3 lot, RT-4 zoning. The counter service restaurant has seating for 26 and everything needed for food prep, cooking, and holding. Office, (2) half baths, W/D, and access to unfinished full basement that runs the length of the building. Expansive 2nd-floor apartment with 3-4 BRs, formal DR, natural woodwork, tiled kitchen & bath, transom window, and back porch. Terraced backyard includes gardens and 2-car garage. AS-IS condition. In Sept the City Council adopted a Resolution honoring the family & restaurant for their contributions to the community.
Property Details
- Sale Type Investment or Owner User
- Property Type Retail
- Property Subtype Storefront Retail/Residential Storefront Retail/Residential General Retail Fast Food General Retail Restaurant General Retail Storefront Retail/Office Storefront Retail/Residential
- Building Size 2,910
- Building Class C
- Year Built 1907
- Price 1,499,000
- Price Per SF 515
- Cap Rate 7.59
- NOI 113,833
- Percent Leased Vacant
- Tenancy Multiple
- Building Height 2 Stories
- Building FAR 0.78
- Land Acres 0.09 AC
Amenities
- Signage
Nearby Amenities & Transportation
Retail | Hotworx | ||
Retail | 9Round | ||
Retail | Chase Bank | ||
Retail | Equinox | ||
Retail | Whole Foods | ||
Retail | Corepower Yoga | ||
Retail | Amazon Go | ||
Retail | Starbucks | ||
Retail | Orangetheory Fitness | ||
Retail | Huntington National Bank |
Property Taxes
Parcel Number | 14-29-425-034-0000 | Improvements Assessment | $56,250 (2023) |
Land Assessment | $106,000 (2023) | Total Assessment | $(1) (0.00/SF) |
Date Created: | 2024-07-16 04:13:39 | Last Updated: | 2024-07-16 04:13:39 |
Address: | 1118 W Fullerton Ave , Chicago, Illinois, 60614 |