| Business/Property Description: Three-story mixed-use property with restaurant space for lease or sale. |
| Located in the heart of Ukrainian Village’s bustling restaurant and entertainment corridor, this high-visibility corner property offers potential for both owner/operators and investors. The expansive retail space—formerly a restaurant—spans the full length of the lot, presenting an ideal footprint for outdoor seating and expanded occupancy.
With multiple points of entry and a distinctive take-out window, the layout supports dual-concept operations or flexible tenant configurations. The building and its income producing apartments have been well maintained and features updated infrastructure, minimizing capital expenditures for new ownership. Capitalize on below-market rents and unlock value by repositioning the asset to current rates, driving increased income and a stronger capitalization rate. |
| Location: West Town / Ukrainian Village |
 Sprawling West Town contains a busy stretch of West Chicago Avenue, dotted with New American restaurants and cafes. The Wicker Park area is known for cool global dining, live music bars, and boutiques, while in the Ukrainian Village, the Ukrainian Institute of Modern Art hosts varied cultural events. Featuring a lagoon with a beach, Humboldt Park is also home to the National Museum of Puerto Rican Arts and Culture. |
| Purchase Price | $2,350,000 (R.E.) | Property Taxes | $17,265.56 (2023) |
| Lease Rate | $30/SF (Licensable Space), $15/SF (Unlicensable on grd.) | CAP Rate | 7% (projected) |
| Size (Approx.) | 5,559 SF (Bldg.), 3,807 SF (Lot) | Zone | C1-3 |
Downloads
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360 Virtual Tours
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Contact
Monica Palermo Monica is the Designated Agent for this listing. |
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 Juan Carlos GomezPrincipal 312-575-0480 Ext. 111 juancarlos@kudangroup.com |
Inquire
| West Town / Ukrainian Village – 2301 W. Chicago Ave., Chicago, IL |
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