Food & Related products, Bakeries
Active
3,799 SqFt Fully Equipped Bakery & Production-Scale Commercial Kitchen
Chicago, Cook County, Illinois 60646-6216, United States
Asking Price$19,500
Revenue-
EBITDA-
Cash Flow-
Description
3,799 SqFt Fully Equipped Bakery & Production-Scale Commercial Kitchen Far NW Side of Chicago - For Lease!
"Rare Turnkey Food-Production Opportunity in Chicago's Gladstone Park/Norwood Park Trade Area"
Exceptional opportunity to lease the entire 3,799 sqft ground floor of this historic bakery property at 5742-5744 N Milwaukee Ave on Chicago's far nw side.
Formerly associated with the longtime Gladstone Park Bakery & currently home to New Paradise Bakery, this established food-service location combines an attractive customer-facing bakery/café with a large, fully equipped commercial production kitchen - ready for the next operator.
The 2-story building dates to 1920, while the ground-floor bakery underwent a major renovation in 2022, including updated plumbing/electrical systems & extensive food-production improvements.
Rather than taking over an empty shell & spending substantial time/capital designing, permitting & equipping a commercial kitchen, a new tenant can step into an established food-production facility with the infrastructure already in place.
EXTRAORDINARY EQUIPMENT PACKAGE
The landlord-owned FF&E remain with the premises for the lease term & renewals, providing an enormous head start for the next operator.
The extensive equipment package includes a Middleby Marshall 6-shelf oven, Hobart rolling rack oven w/racks, multiple Hobart commercial mixers, twin-arm dough mixer, spiral mixer, Baxter proofers, 2-pass dough sheeter, Baker's Pride mini pizza oven, 12' exhaust hood, fryers, range w/flat-top grill, Hobart slicer, gelato machine, milk pasteurizer, cookie dough stamper, shrink-wrap machine, dough racks & numerous commercial prep tables.
Cold-storage capacity is equally impressive with a 18'x10' walk-in cooler & 20'x20' walk-in freezer + additional refrigeration & freezers.
The retail area is also nicely outfitted with refrigerated pastry display cases, gelato display case, sandwich station, POS, tables & seating, allowing an operator to combine high-volume production with a customer-facing retail component.
BAKERY LOCATION WITH HISTORY
This address has a long association with baking on Chicago's nw side. The former Gladstone Park Bakery became a neighborhood institution known especially for decorated cakes. New Paradise subsequently transformed the property into a Sicilian-inspired bakery, café & gelateria which opened here in 2022 following extensive renovations.
That history gives the next tenant something virtually impossible to recreate in a new location - a property that area residents already recognize as a destination for baked goods/specialty foods.
Truly a unique opportunity to lease a large, fully built-out & extensively equipped bakery/commercial kitchen on 1 of Chicago's established nw side commercial corridors.
Bring your concept, recipes & staff - the expensive infrastructure is already here!
PRIME MILWAUKEE AVE LOCATION
Located along the well-established Milwaukee Ave commercial corridor serving Gladstone Park, Norwood Park, Jefferson Park & surrounding nw side neighborhoods, the property benefits from a dense residential customer base, strong household incomes & excellent accessibility.
MULTIPLE POSSIBLE USES
A rare chance to lease a fully equipped, production-scale bakery/commercial kitchen with established retail frontage & deep equipment package, avoiding the tremendous cost/time involved in building one from scratch.
The combination of substantial production capacity & retail frontage makes this property ideally suited for an established bakery expanding to another location, wholesale bakery, commissary/central production kitchen, catering company, specialty food manufacturer, ghost kitchen or multi-brand delivery operation. As well as a café, pizzeria, deli or prepared-food concept.
Existing refrigeration, ovens, mixers, proofing equipment, display cases & production infrastructure provide tremendous flexibility!
Listed by Brian O'Kelly at EatZ & Associates
Real Estate
Rent is $6,500 per month
Building Size: 3799 sq. ft.Year Established
2022
Reason Selling
Landlord looking for a new tenant.
Facilities & Assets
Square Feet: 3,799 + Full Basement (Prep Area & Additional Storage).
Seating: Ample.
Lease Information: Space for lease $6,500/mth modified gross (~$20.53/sqft = $78,000/year). Landlord will provide a new 5-year lease with two 5-year options.
The modified-gross structure is particularly attractive - the $6,500 monthly rent includes base rent, real estate taxes, CAM and landlord insurance, providing a predictable occupancy cost rather than a base rent plus substantial NNN expenses.
Property Information: In a 7,598 sqft two-story mixed-use masonry building constructed 1920. The entire first floor has been a bakery for generations - it was the longtime home of Gladstone Park Bakery, which closed roughly a decade before the space was renovated/reopened as New Paradise Bakery in Mar 2022. The second floor is residential apartments. Street parking is available along Milwaukee Ave and surrounding streets. Zoned B3-1 Community Shopping District.
Support & Training
(Space For Lease).
Market & Competition
A rare chance to lease a fully equipped, production-scale bakery/commercial kitchen with established retail frontage and deep equipment package, avoiding the tremendous cost and time involved in building one from scratch.
Growth Opportunities
MULTIPLE POSSIBLE USES
The combination of substantial production capacity and retail frontage makes this property ideally suited for an established bakery expanding to another location, wholesale bakery, commissary/central production kitchen, catering company, specialty food manufacturer, ghost kitchen or multi-brand delivery operation. As well as a café, pizzeria, deli or prepared-food concept.
Existing refrigeration, ovens, mixers, proofing equipment, display cases and production infrastructure provide tremendous flexibility!
Financing Options
No.
Business listed by
Eatz & Associates
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