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IDEAL FOR RESTAURANT OR DAYCARE 3256-3258 N Elston Ave 5,368 SF 100% Leased Retail Building Chicago, IL 60618 $1,688,662 CAD ($314.58 CAD/SF)
INVESTMENT HIGHLIGHTS
- HIGHLY VISIBLE PRIME AVONDALE CORNER
- PART OF THE BOOMING AVONDALE RESTAURANT SCENE
- 15,000 CARS DAILY
- PERFECT FOR OWNER USER
- SIX CAR PARKING LOT
- IDEAL FOR RESTAURANT OR DAYCARE
EXECUTIVE SUMMARY
AVONDALE ---MIXED USE CORNER BUILIDING
3256-58 North Elston Avenue, Chicago, Illinois 60618
1 block north of Belmont, across from Brand Park
Former site of the legendary Nellys for 35 years
SET UP YOUR BUSINESS IN RED HOT AVONDALE
PERFECT FOR OWNER-USER
Terrific restaurant OR daycare business opportunity in booming Avondale
5368 BUILDING SQUARE FEET
2500SF restaurant with two full basements, 2000SF of storage/ 5k monthly rent estimate
Plus---TWO 2-bedroom apartments / 4k monthly total rent estimate for apartments
TOTAL MONTHLY BUILDING RENT ESTIMATE ABOUT 9K A MONTH OR 108,000 PER YEAR
Great corner visibility!---15,000 cars per day traffic
THIS IS A VERY ACTIVE RESTAURANT AREA—-NEIGHBORS INCLUDE :
Kumas Corner, Eden, Thattu, Barra N, The Beer Temple, Avondale Coffee Club, Jaiyen Sushi, Cafe Tola,
Dark Matter, Traspasada, Tribeca's Sandwich Shop, Cafe Urbano, Zig Zag Kitchen, Honey Butter Fried Chicken
MANY NEW DEVELOPMENTS NEARBY
THIS INCLUDES SEVERAL MAJOR PROPOSED TOWNHOUSE COMPLEXS WITHIN SEVERAL BLOCKS, ABOUT 40 NEW UNITS
RESTAURANT
2500SF / nice interior with original tray ceiling at 11 feet, hardwood floors, can and accent lighting, mirrored walls. Nicely divided into several areas with a wet bar, two public bathrooms, kitchen with 7'hood. Any visible equipment will be included.
TWO BEDROOM / TWO BATHROOM---1276SF
CORNER APARTMENT---3258-2
private entrance with skylight / blonde wood floors / two chandeliers / char rail moldings / dimmers / visible furnishings included/ custom main bathroom with jacuzzi+vanity, all marble tile, can lighting, 2nd bathroom with shower, vanity / front bedroom with French doors / mirrored closet doors / kitchen with granite counters, 36 inch cabinets / double bowl sink / stove, micro, fridge--all stainless / pantry closet with mirrored doors / back sun room
TWO BEDROOM / ONE BATHROOM---925SF
INSIDE UNIT---3256-2
private entrance / center skylight / living room / dining area / kitchen with stainless stove-fridge / corner sink
SIX CAR PARKING LOT
TIF/RS-3 ZONING—-2 city lot (about 6000SF)
Two pin numbers
3256 13-24-322-026-0000 $5,501.85
3258 13-24-322-025-0000 $6,936.39
2023 TAXES---$12,348.24
VERY ACCESSIBLE LOCATION
Very close to the Kennedy ramps via Sacramento, Kedzie, California
15 minute walk to the Blue Line at Kimball too
3256-58 North Elston Avenue, Chicago, Illinois 60618
1 block north of Belmont, across from Brand Park
Former site of the legendary Nellys for 35 years
SET UP YOUR BUSINESS IN RED HOT AVONDALE
PERFECT FOR OWNER-USER
Terrific restaurant OR daycare business opportunity in booming Avondale
5368 BUILDING SQUARE FEET
2500SF restaurant with two full basements, 2000SF of storage/ 5k monthly rent estimate
Plus---TWO 2-bedroom apartments / 4k monthly total rent estimate for apartments
TOTAL MONTHLY BUILDING RENT ESTIMATE ABOUT 9K A MONTH OR 108,000 PER YEAR
Great corner visibility!---15,000 cars per day traffic
THIS IS A VERY ACTIVE RESTAURANT AREA—-NEIGHBORS INCLUDE :
Kumas Corner, Eden, Thattu, Barra N, The Beer Temple, Avondale Coffee Club, Jaiyen Sushi, Cafe Tola,
Dark Matter, Traspasada, Tribeca's Sandwich Shop, Cafe Urbano, Zig Zag Kitchen, Honey Butter Fried Chicken
MANY NEW DEVELOPMENTS NEARBY
THIS INCLUDES SEVERAL MAJOR PROPOSED TOWNHOUSE COMPLEXS WITHIN SEVERAL BLOCKS, ABOUT 40 NEW UNITS
RESTAURANT
2500SF / nice interior with original tray ceiling at 11 feet, hardwood floors, can and accent lighting, mirrored walls. Nicely divided into several areas with a wet bar, two public bathrooms, kitchen with 7'hood. Any visible equipment will be included.
TWO BEDROOM / TWO BATHROOM---1276SF
CORNER APARTMENT---3258-2
private entrance with skylight / blonde wood floors / two chandeliers / char rail moldings / dimmers / visible furnishings included/ custom main bathroom with jacuzzi+vanity, all marble tile, can lighting, 2nd bathroom with shower, vanity / front bedroom with French doors / mirrored closet doors / kitchen with granite counters, 36 inch cabinets / double bowl sink / stove, micro, fridge--all stainless / pantry closet with mirrored doors / back sun room
TWO BEDROOM / ONE BATHROOM---925SF
INSIDE UNIT---3256-2
private entrance / center skylight / living room / dining area / kitchen with stainless stove-fridge / corner sink
SIX CAR PARKING LOT
TIF/RS-3 ZONING—-2 city lot (about 6000SF)
Two pin numbers
3256 13-24-322-026-0000 $5,501.85
3258 13-24-322-025-0000 $6,936.39
2023 TAXES---$12,348.24
VERY ACCESSIBLE LOCATION
Very close to the Kennedy ramps via Sacramento, Kedzie, California
15 minute walk to the Blue Line at Kimball too
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,368 SF
Building Class
B
Year Built/Renovated
1918/2010
Price
$1,688,662 CAD
Price Per SF
$314.58 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.70
Lot Size
0.07 AC
Zoning
TIF/RS-3 - Neighborhood Commercial District
Parking
7 Spaces (1.3 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Fenced Lot
- Restaurant
- Signage
- Air Conditioning
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $61,793 CAD | |
| Land Assessment | $51,582 CAD | Total Assessment | $113,376 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$51,582 CAD
Improvements Assessment
$61,793 CAD
Total Assessment
$113,376 CAD
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IDEAL FOR RESTAURANT OR DAYCARE | 3256-3258 N Elston Ave
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