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2528 S Kedzie Ave
Chicago, IL 60623

Mi Tierra Mexicana · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
22,017 SF
Building Class
C
Year Built/Renovated
1924/2016
Tenancy
Single
Building Height
2 Stories
Building FAR
0.51
Lot Size
1.00 AC
Zoning
C1-2
Parking
100 Spaces (4.54 Spaces per 1,000 SF Leased)

About 2528 S Kedzie Ave , Chicago, IL 60623

The subject improvements consist of a 22,017 square foot restaurant facility and contiguous parking lot with 45 spaces on South Kedzie Avenue. Across Kedzie there is an additional parking lot with 48 spaces. The main improvements are a one and part two story masonry building. There is a 700 square foot basement used for storage. The improvements were originally two adjacent buildings. The north one and part two story building has been operated as the Mi Tierra Mexican restaurant since the mid 1980s. In 2004 the southern portion of the subject improvements were remodeled and incorporated into the existing facility as a single restaurant space that can seat several hundred patrons at once. In 2016, the property was purchased and underwent extensive renovation. The south portion of the subject includes a large banquet and overflow seating area with a high ceiling that is two stories up. There is approximately 6,305 square feet on the second story that is used as a mixture of dry storage. There is also a large owner’s apartment on the second floor. The second floor is accessible via two stairwells and an elevator. The main floor houses the dining rooms, kitchen, restrooms and offices. The main dining area and kitchen has ceilings that are approximately 10 feet high. Lighting is primarily ceiling hung recessed fluorescent lights with incandescent lights as well. Ceilings in the dining areas are acoustical tiles. The improvements area masonry constructed with reinforced concrete floors. Roofing is rubber membrane. The entrance doors are aluminum frame and glass, located on the north and east sides of the property. There is a steel roll-up door on the west side for deliveries. Heating and air is provided by 10 roof mounted HVAC units that provide forced air heating and cooling throughout the property. The remaining subject site is improved with asphalt parking areas with stucco covered concrete walls along the Kedzie frontage of both parking areas. The parking area on the west side of Kedzie, contiguous with the restaurant building has 45 parking spaces.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-26-231-033-0000
Land Assessment
$10,156
Improvements Assessment
$63,968
Total Assessment
$74,124
  • Listing ID: 16117289

  • Date on Market: 5/21/2019

  • Last Updated:

  • Address: 2528 S Kedzie Ave, Chicago, IL 60623

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