11147 S Michigan Ave
Chicago, IL 60628
Retail Property For Sale
EXECUTIVE SUMMARY
Renovated in 2022, this staple in the West Roseland since 1969 on Michigan Avenue. It features a turnkey fully operational store-font restaurant with all the fixtures, furnishings, and equipment needed to continue its legacy of excellence. The reputation of Ware Ranch Steak House ensures a loyal customer base and a smooth transition for the new owner. In addition, the second floor features an open-concept living and dining area with a fully renovated kitchen including Stainless Steel Appliances, a beautiful backsplash with cabinets, and a ton of storage space. This space can also be used as a banquet hall. Parking in the rear fits 4 cars. (Everything stays except a small pop cooler and the pictures on the wall)
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,600 SF
Building Class
C
Year Built
1911
Price
£328,304
Price Per SF
£91.20
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
2
Building FAR
1.18
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
B1-3 - Neighborhood Shopping District
Parking
4 Spaces (1.11 Spaces per 1,000 SF Leased)
AMENITIES
- Restaurant
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 25-22-102-016-0000 | Improvements Assessment | £8,671 |
| Land Assessment | £1,448 | Total Assessment | £10,119 |
