facebook
Traded Co logo
Submit
Daily limit: 0/10

SVN Chicago Commercial Brokers $1M Sale Of Restaurant Space In Chicago's Edgewater Neighborhood

Property Image
SOLD
$1,000,000

Illinois

See Similar Deals
Commercial5,000 SF
Sold 10/03/2023
the dealplayerscompscontact
Property Image
SOLD

SVN Chicago Commercial Brokers $1M Sale Of Restaurant Space In Chicago's Edgewater Neighborhood

5352 North Broadway

See Similar Deals
Commercial5,000 SF
Sold 10/03/2023
Contact now

Summary

ILLINOIS
Asset Type:Commercial
Price Per Square Foot:$200
Total Square Footage:5,000 SF
Transaction Type:Sale

The $1 million sale of a 5,000-square-foot commercial building and restaurant space at 5352 N. Broadway in Chicago's Edgewater neighborhood has been brokered by SVN Chicago Commercial. The property, formerly known as Pearl's, was purchased by a local restaurant buyer. It is located across from the CTA's Red/Purple Line modernization project.

Summary of transaction details:

SVN Chicago Commercial played a key role in facilitating this transaction, connecting the local restaurant buyer with the opportunity to acquire the property. Marcus Sullivan and Tim Rasmussen, representatives of SVN Chicago Commercial, were instrumental in guiding the deal to completion.

Players

Marcus Sullivan
6 deals$10.3M volume
BROKER

Tim Rasmussen
SVN
8 deals$13.6M volume(312) 953-4818
BROKER

Details

SOLD
IMAGE: Marcus Sullivan & Tim Rasmussen DATE: 10/03/2023 ADDRESS: 5352 North Broadway MARKET: Chicago ASSET TYPE: Commercial BROKERS: Marcus Sullivan & Tim Rasmussen - SVN Chicago Commercial (@SVN_Chicago) SALE PRICE: $1,000,000 SF: 5,000 ~ PPSF: $200 NOTE: SVN Chicago Commercial has brokered the $1 million sale of a 5,000-square-foot commercial building and restaurant space at 5352 N. Broadway in Chicago's Edgewater neighborhood. The property, formerly Pearl's, was purchased by a local restaurant buyer and sits across from the CTA's Red/Purple Line modernization project.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$53,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12