PRIME COMMERCIAL RESTAURANT INVESTMENT OPPORTUNITY! Unlock a rare opportunity to own a fully leased, income-producing commercial asset along one of the busiest corridors in Chicagoland. Known locally as Schnitzel Platz, this freestanding, one-story restaurant spans 5,276 square feet. It sits on a generous 0.82-acre lot with excellent visibility on high-traffic East North Avenue with exposure to 57,300 vehicles daily, 175-foot frontage, and 50 paved parking spaces. This stabilized asset offers immediate, predictable cash flow and minimal landlord responsibility under a true triple-net lease structure. With a dependable tenant in place through 2029 and built-in 3% annual escalations, this is an ideal opportunity for both seasoned and first-time investors seeking long-term, passive income.
Property Details
Price:
$1,450,000
MLS #:
MRD12415958
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Restaurant
Neighborhood:
Glendale Heights
Listed Date:
Jul 10, 2025
Total Sq Ft:
5,276
Year Built:
1976
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick, Cedar, Combination
Financial
Tax Year
2024
Taxes
$29,830
Listing Agent & Office
Sabrina Glover
Platinum Partners Realtors
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