2528 S Kedzie Avenue Chicago, IL $ 6,499,000
2528 S Kedzie Avenue
$ 6,499,000
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2528 S Kedzie Avenue

Chicago, IL, 60623
$ 6,499,000
Bedrooms-- Baths-- Sq 22,017

Monthly Estimate*

$ 40,545

2528 S Kedzie Avenue, Chicago, IL 60623 - Image 1
2528 S Kedzie Avenue, Chicago, IL 60623 - Image 2
2528 S Kedzie Avenue, Chicago, IL 60623 - Image 3
2528 S Kedzie Avenue, Chicago, IL 60623 - Image 4
2528 S Kedzie Avenue, Chicago, IL 60623 - Image 5
2528 S Kedzie Avenue, Chicago, IL 60623 - Image 6

Commercial Property for sale in Chicago, IL

for $6,499,000. This 22,017 square foot building was built on a lot size of 1.06683.

PREMIER INVESTMENT OPPORTUNITY - Acquire this exceptional 22,017 square foot mixed-use commercial restaurant and entertainment venue. This property comprises 13 PINs and represents a unique investment opportunity as the largest Mexican restaurant in Illinois-a true cultural landmark in Chicago's Little Village neighborhood that has faithfully served the community for over 30 years, establishing deep roots and an exceptional reputation. lExtensive renovations from 2020-2025. Freight elevator for operational efficiency. Full-service authentic Mexican restaurant. Banquet hall with capacity for large events. Full-service bar and lounge area. Largest patio in Little Village neighborhood @ 500 Seating Capacity (150 restaurant, 50 Bar, Extra Restaurant room 75, 300 Banquet Hall) Wheelchair accessible throughout. Commercial Kitchen & Storage: Walk-in coolers for food storage Blast freezers for preservation. Complete restaurant FF&E (Furniture, Fixtures & Equipment). Professional-grade commercial kitchen equipment . Two apartments on the second floor for additional income stream potential. 10 New HVAC units ensuring climate control throughout. Parking Lot #1: 48 spaces Parking Lot #2: 46 spaces Total Parking: 94 spaces. The property offers exceptional parking availability, rare for the Little Village area, providing significant competitive advantage for events and daily operations. BUSINESS OPERATIONS EVENT HOSTING CAPABILITIES: Private parties, community gatherings( City of Chicago official events, weddings, quinceanera, celebrations, Baptisms, religious celebrations, Chamber of Commerce meetings and corporate events). Authentic Mexican mariachi entertainment. Live music and band performances. Extensive beverage menu and traditional Mexican cuisine with Chicago culinary influences. Established customer base spanning multiple generations. Schedule your appointment to view this exceptional property!

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Commercial Active

Price

$ 6,499,000

Property Type

Commercial

Taxes

$ 121,016

Style

Bar/Tavern/Lounge,Food & Beverage,Restaurant

Lot Size

1.06683

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12451856

Features
General
Cooling Central Air
Possession Closing
Zoning COMMR
Stories Count 2
Tax Year 2023
Business Type Bar/Tavern/Lounge Food & Beverage Restaurant
County Cook
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Status Active
Directions Head south on Kedzie to address. Between 25th and 26th street
City Chicago
MLS Area CHI - South Lawndale
Lot Size Square Feet 46471
Tax Annual Amount 121016.7
Additional Parcels Y/N Y
Standard Status Active
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Exterior
Building Area Total 22017
Lot Dimensions 371 X 125
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* Excluded Features
List By
Re/Max 1St Service

Broker

yiselle.bryce@gmail.com

Email

Affordability Calculator

$50,630
Per Month
80%
20%
0%
Monthly Principal & Interest
$40,545
Monthly Property Taxes
$10,085
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/13/2025$6,499,000 Listed Price

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2528 S Kedzie Avenue, Chicago, IL, 60623 is a Commercial Property for sale at $6,499,000 with 22,017 sqft and a lot size of 1.06683. The property's zip code is 60623 which is in Chicago, IL