Los Cabos

Description:

FOR SALE | Fully Built-Out Restaurant with Real Estate & FF&E Included

 

3353 N Central Ave | Portage Park | Chicago, IL 60634

High-Visibility Hard Corner | 3,500 SF Building | 15,246 SF Lot | 40 Parking Spaces

KW Commercial is pleased to present a rare opportunity to acquire a fully operational, high-capacity restaurant located at 3353 N Central Ave, Chicago, IL 60634. This 3,500 SF freestanding building, positioned on an expansive 15,246 SF corner lot, includes all real estate, FF&E, and infrastructure, offering a true turnkey acquisition for operators, investors, and multi-unit restaurant groups seeking a flagship location on Chicago’s Northwest Side.

 

Ideally situated at the signalized, high-exposure intersection of Central Ave & Roscoe St, the property commands exceptional visibility with 28,000+ vehicles per day, robust pedestrian activity, and dedicated onsite parking for up to 40 vehicles—a rare amenity in this corridor. The site is further enhanced by a large pylon sign, maximizing brand visibility day and night.

 

Built in 1978 and tastefully renovated in 2009, the restaurant features B3-1 zoning, accommodating a wide range of food-service, retail, and commercial concepts. With an efficiently designed dining room, upgraded mechanicals, and a fully outfitted back-of-house kitchen, the space is ideal for fast casual, family dining, banquet operations, catering kitchens, or an owner-operator launching a new concept.

 

Area & Market Overview

 

Located in the heart of Portage Park—one of Chicago’s most vibrant and stable Northwest Side neighborhoods—the property benefits from a thriving commercial corridor supported by:

Dense Residential Base


Surrounded by thousands of single-family homes, multifamily buildings, and new residential developments.
Strong demographics with steady household incomes and long-term owner-occupants.


Retail & Restaurant Synergy

The area draws from a diverse commercial mix including:


Jewel-Osco (anchored), Target, Ross Dress for Less, Harlem Irving Plaza (HIP) retail district,
Starbucks, McDonald’s, Portillo’s, Culver’s, Chipotle, and numerous long-standing independent restaurants and bakeries.


This creates substantial built-in demand for dining, delivery, catering, and daily-needs food service.

 

Institutional Drivers


Carl Schurz High School, multiple large elementary schools, private academies, and daycares within walking distance.
Park campuses including Portage Park, Herman Park, and Riis Park.
Nearby healthcare facilities, professional offices, and municipal buildings generating day-time population.


Transportation & Access


Minutes from I-90/I-94, Addison Ave, Belmont Ave, and Irving Park Rd.
Several CTA bus routes with stops adjacent to the property.
High visibility for commuters traveling north/south along Central Ave.


 

Restaurant & Building Overview

 

This freestanding property hosts the entire corner footprint, offering unmatched flexibility for dining layouts, delivery service circulation, curbside pickup, outdoor activation, or future expansion.

 

Highlights Include:


3,500 SF single-story building
15,246 SF lot—one of the largest restaurant pads in the submarket
B3-1 Commercial Zoning
2009 interior renovation
Dedicated parking for 40 cars
Monument/pylon signage
Inbound/outbound access on both Central & Roscoe
Fully built-out dining room with booths, tables & private room
Commercial-grade kitchen with extensive line equipment
Large walk-in freezer and ample dry/cold storage
Three-phase electrical service
Perfect for dine-in, carryout, delivery, drive-up pickup, or catering operations


 

 

Back-of-House Kitchen & Equipment (Comprehensive List)

 

Refrigeration & Cold Storage


Upright refrigerated beverage cooler
Pepsi-branded glass-door display refrigerator
Commercial ice maker (leased)
Pepsi fountain beverage dispenser with 8 selections
True upright reach-in freezer (7’H × 6’W)
Refrigerated prep table
Undercounter refrigerated storage
17’ × 14’ walk-in freezer (high-capacity storage)


Cooking Line & Hot Side Equipment


16-foot commercial exhaust hood with integrated fire suppression
4-burner range with griddle
Heavy-duty flat-top griddle
Double-basket deep fryer
6’ refrigerated prep table
Pizza deck oven with integrated cooktop
Charbroiler grill with dedicated 4’ hood
Adequate space along the cookline for expansion or reconfiguration


Prep, Dish, & Cleaning Infrastructure


9-foot dishwashing station
75-gallon water heater
3-compartment sink
Mop sink
Hand-wash sink
Ample stainless-steel prep surfaces


 

Storage, Utilities, and Operational Systems


15’ × 10’ dry storage room
Three-phase electrical service
Ansul fire suppression system
Security alarm system
8’ × 8’ office with printer & POS system
Dedicated delivery access and rear loading capability


 

Dining Room & Customer Areas

 

Seating & Layout


14 fixed booths
Multiple dining tables seating 2–12 guests
Private dining/party room (10’ × 14’)


Guest Amenities & Entertainment


TouchTunes jukebox
4 flat-screen televisions
Ice cream display freezer
Clean and well-maintained men’s and women’s restrooms


Competitive Advantages of This Offering


Turnkey restaurant with full FF&E included — immediate operations possible
Freestanding building with hard-corner visibility
Large parking field — extremely rare for Chicago city restaurants
Significant kitchen equipment value — replacement cost far exceeds asking premium
Ideal for conversion to any cuisine or concept
Strong daytime and evening population
Delivery-friendly location with seamless road access
High barriers to entry — limited comparable restaurant pads in Portage Park


This property is ideally suited for:

 


Full-service restaurants
Fast casual concepts
Banquet or catering operations
Multi-unit operators expanding their footprint
Owner-occupants seeking long-term real estate control
Investors leasing to established restaurant users


 

For Additional Information or to Schedule a Private Tour

Manny Regalado
Senior Director | KW Commercial
312-730-2029 (c)
mregalado@kwcommercial.com (e)

2211 N Elston Ave, Suite 400, Chicago, IL, 60657 (o)


- Pilsen, Chicago




Prime Hard-Corner Freestanding Restaurant with Exceptional Visibility
Positioned at the signalized intersection of Central Ave & Roscoe St, this 3,500 SF freestanding restaurant commands nonstop exposure with 28,000+ vehicles per day, a full corner presence, dual access points, and a prominent monument/pylon sign—delivering unmatched branding potential in one of the most heavily traveled corridors of Portage Park.


Massive 15,246 SF Lot with 40 Dedicated Parking Spaces — Extremely Rare for Chicago
The expansive lot size offers one of the largest restaurant pads in the Northwest Side, featuring abundant onsite parking, optimal traffic circulation, and curbside pickup efficiency—an amenity portfolio virtually impossible to replicate in the city and a major competitive advantage for dine-in, delivery, and catering operations.


Turnkey Restaurant Infrastructure with Full FF&E Included
A complete operational setup includes a fully furnished dining room, 14 booths, multiple table configurations, private party room, four TVs, TouchTunes jukebox, ice cream display, and clean restrooms—allowing an incoming operator to open quickly with minimal downtime or capital expenditure.


High-Capacity Commercial Kitchen with Full Cookline and Extensive Cold Storage
Back-of-house features a 16-foot hood with fire suppression, 4-burner range with griddle, deck oven, charbroiler, fryers, prep tables, and large-volume refrigeration including a 17’ × 14’ walk-in freezer plus reach-ins, beverage coolers, and dry storage—providing the infrastructure to support high-volume fast casual, full service, catering, or banquet operations.


Strong Trade Area Supported by Dense Residential Housing and Major Retail Anchors
Surrounded by thousands of single-family homes, multifamily buildings, and long-standing owner-occupants, the property benefits from consistent neighborhood dining demand and synergy with major retailers such as Jewel-Osco, Target, the HIP District, Starbucks, Portillo’s, Chipotle, McDonald’s, and Culver’s, driving both daytime and evening traffic.


Proximity to High-Demand Institutional & Community Drivers
The location is footsteps from Carl Schurz High School, multiple elementary schools, private academies, daycares, Portage Park, Herman Park, Riis Park, healthcare facilities, municipal offices, and professional services—creating a powerful daytime population base ideal for dine-in traffic, delivery routes, and catering contracts.


Flexible B3-1 Zoning Allowing Multiple Food-Service & Commercial Concepts
The building’s B3-1 zoning and large corner footprint support a wide range of uses including full-service restaurants, fast casual, café concepts, commissary/catering kitchens, bakery operations, banquet setups, specialty retail, or future reconfiguration—offering long-term adaptability for operators and investors.


High Barriers to Entry with Limited Comparable Restaurant Pads in Portage Park
Opportunities with freestanding buildings, large parking fields, full restaurant infrastructure, and premium corner visibility are exceptionally scarce in this submarket, making this property a rare acquisition with strong residual value, high replacement cost, and long-term stability for both owner-occupants and investor-landlords.