How 800 N Kedzie Ave Chicago IL 60651 Positions Small Business Buyers for Success in Humboldt Park
A strong concept can still fail in the wrong location. A modest operator can do very well in the right one. That is why 800 N Kedzie Ave Chicago IL 60651, home of Chicago Kedzie Plaza, deserves a close look from restaurant buyers, franchise operators, and business investors. The center is fully leased except for one turnkey restaurant suite, and that kind of opening rarely lasts long in a grocery-anchored center.
Key Takeaways
- Suite 302 offers 850 SF of second-generation restaurant space at $55.00/SF/YR NNN, available now.
- The plaza is anchored by Aldi, Burlington, and Five Below, with 30,000+ vehicles per day and 1.25 million residents within 5 miles.
- An existing restaurant buildout can lower startup costs, and SBA 7(a) financing can cover equipment and working capital.
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Property Overview: Chicago Kedzie Plaza at a Glance
At Chicagoland Business Broker, we look at location, anchor strength, and occupancy before anything else. 800 N Kedzie Ave Chicago IL 60651 scores well on all three. The center sits at the signalized corner of Chicago Avenue and Kedzie Avenue. It has also won the Chicago Development of the Year award.
| Property Fact | Detail |
|---|---|
| Center Name | Chicago Kedzie Plaza |
| Center Type | Neighborhood Center |
| Gross Leasable Area | 125,921 SF |
| Number of Stores | 35 |
| Parking | 322 Spaces |
| Total Land Area | 10.11 Acres |
| Year Built | 1989 |
| Frontage | 400′ on Kedzie Ave |
| Cross Street | W Chicago Ave |
| Daily Traffic | 30,000+ vehicles |
| Walk Score | 81 |
| Leasing Agent | Matanky Realty Group |
Available Space: Suite 302 Details
Suite 302 is the only listed vacancy. It was formerly See Thru Chinese Kitchen, so the kitchen infrastructure is already in place. Our team observed that a second-generation buildout can save buyers months of construction time.
| Space Detail | Information |
|---|---|
| Suite | 1st Floor, Ste 302 |
| Size | ±850 SF |
| Rental Rate | $55.00/SF/YR |
| Annual Base Rent | $46,750 |
| Monthly Base Rent | ≈ $3,896 |
| Rent Type | Triple Net (NNN) |
| Term | Negotiable |
| Availability | Now |
| Ideal Uses | Restaurant, carryout, café, food service |
| Listed on Market | July 1, 2026 |
| Last Updated | September 14, 2026 |
The rate excludes utilities, property expenses, and building services. Ask the landlord for a written CAM, tax, and insurance estimate before you sign.
Tenant Mix: Who Drives the Traffic
Anchor tenants create daily trips. Smaller tenants benefit from that co-tenancy. At 800 N Kedzie Ave Chicago IL 60651, the anchors cover grocery, discount fashion, and value retail.
| Tenant | Category | U.S. Locations | Reach |
|---|---|---|---|
| Aldi | Grocery (Anchor) | N/A | National |
| Burlington | Off-Price Retail (Anchor) | N/A | National |
| Five Below | Dollar/Variety (Anchor) | 2,544 | National |
| Foot Locker | Shoes | 1,078 | International |
| DTLR | Shoes | 561 | National |
| Rainbow Apparel | Ladies’ Apparel | 1,202 | National |
Other tenants include Chase Bank, Dunkin’, Subway, Domino’s, Boost Mobile, and Tide Cleaners. Midwest Express Clinic is coming soon, which should add more weekday visits.
How Apartments for Rent in Clearing Chicago Compare to Nearby Neighborhoods in 2026
Demographics: The Trade Area in Numbers
Chicagoland dealmakers are noting the density of this trade area. Daytime employees and household spending support lunch and dinner traffic.
| Metric | 1 Mile | 3 Miles | 5 Miles |
|---|---|---|---|
| 2025 Population | 38,802 | 378,907 | 1,254,155 |
| 2030 Projected Population | 37,240 | 368,935 | 1,234,847 |
| Projected Growth (2025–2030) | -4.0% | -2.6% | -1.5% |
| Median Age | 36.5 | 35.8 | 36.3 |
| College Degree or Higher | 29% | 40% | 51% |
| 2025 Households | 15,190 | 154,600 | 550,654 |
| Daytime Employees | 10,927 | 176,693 | 900,862 |
| Total Businesses | 1,325 | 24,178 | 92,399 |
| Average Home Value | $449,308 | $521,738 | $533,743 |
Income Profile
| Income Metric | 1 Mile | 3 Miles | 5 Miles |
|---|---|---|---|
| Median Household Income | $61,951 | $80,955 | $96,067 |
| Average Household Income | $87,792 | $113,415 | $126,564 |
| Total Consumer Spending | $373.2M | $4.4B | $16.7B |
| 1-Mile Household Income Bracket | Share |
|---|---|
| $0 – $35K | 33.6% |
| $35K – $70K | 25.0% |
| $70K – $100K | 12.6% |
| $100K+ | 28.8% |
Consumer Spending (1-Mile Radius)
| Category | Share of Spending |
|---|---|
| Food & Drink | 30.4% |
| Transportation | 22.8% |
| Household | 15.6% |
| Entertainment, Hobbies, Pets | 14.3% |
| Apparel | 6.3% |
| Education | 6.2% |
| Health Care | 4.5% |
Food & Drink leads local spending at 30.4%. That is a direct signal for food service operators. The slight population decline is worth noting, but the large 5-mile base offsets much of that risk.
How 800 N Kedzie Ave Chicago IL 60651 Positions Small Business Buyers for Success in Humboldt Park That is why 800 N Kedzie Ave Chicago IL 60651, home of Chicago Kedzie Plaza… @Humboldtpark @ChicagoBlackBus @ChooseChicago https://t.co/N1qjB7iKE7
— Chicagoland Business Broker (@chicagoland55) October 9, 2026
Transportation Access
| Transit Type | Stop | Distance | Travel Time |
|---|---|---|---|
| CTA Green Line | Kedzie Station | 0.9 mi | 20 min walk |
| CTA Green Line | Conservatory-Central Park Dr | 1.3 mi | 3 min drive |
| CTA Green Line | California Station | 1.4 mi | 3 min drive |
| CTA Blue Line | Kedzie-Homan | 1.6 mi | 4 min drive |
| CTA Green Line | Pulaski Station | 1.7 mi | 4 min drive |
| CTA Bus | 830 N Kedzie | 0.1 mi | Adjacent |
| CTA Bus | Chicago & Kedzie | 0.1 mi | Adjacent |
| CTA Bus | Kedzie & Grand | 0.1 mi | Adjacent |
| CTA Bus | Grand & Kedzie | 0.2 mi | 1–2 min walk |
| CTA Bus | Chicago & Spaulding | 0.3 mi | 1 min drive |
| Commuter Rail | Kedzie | 0.7 mi | 12 min walk |
| Commuter Rail | Western Ave | 1.3 mi | 3 min drive |
| Mobility Score | Rating |
|---|---|
| Walkability | 70/100 |
| Drivability | 80/100 |
| Public Transit | 80/100 |
| Bikeability | 90/100 |
Business Valuation and Deal Strategy
Our hands-on deal analysis suggests that occupancy cost is the first number lenders and buyers test. For restaurants, a rent-to-sales ratio of about 6% to 10% is a common benchmark. The table below uses base rent only, so add NNN charges once you have them.
| Target Rent-to-Sales Ratio | Annual Sales Needed (Base Rent $46,750) | Monthly Sales Needed |
|---|---|---|
| 6% | ≈ $779,200 | ≈ $64,900 |
| 8% | ≈ $584,400 | ≈ $48,700 |
| 10% | $467,500 | ≈ $39,000 |
If you are buying an existing food business to relocate or launching a new concept at 800 N Kedzie Ave Chicago IL 60651, structure matters. Most small restaurant deals close as asset purchases.
| Factor | Asset Purchase | Stock Purchase |
|---|---|---|
| What Buyer Acquires | Equipment, brand, recipes, goodwill | Entire entity, including history |
| Liability Exposure | Lower | Higher |
| Tax Benefit to Buyer | Stepped-up depreciation | Limited |
| Lease Handling | New lease or assignment | Lease stays with entity |
| Typical Use | Most Main Street deals | Licenses hard to transfer |
Buyer vs. Seller Responsibilities
| Task | Buyer | Seller |
|---|---|---|
| Verify financials and tax returns | ✔ | Provide |
| Negotiate lease or assignment | ✔ | Cooperate |
| Secure financing | ✔ | Optional seller note |
| Transfer licenses and permits | ✔ | Assist |
| Equipment inspection | ✔ | Disclose condition |
Deal Structuring Alternatives
- SBA 7(a) loan with buyer equity injection
- Seller financing for part of the price
- Earn-out tied to first-year sales
- Landlord tenant improvement allowance or free rent period
- Franchise lender programs for national concepts
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SBA Financing Options
The U.S. Small Business Administration loan programs give buyers several paths. Our loan negotiation support often focuses on matching the right program to the deal.
| SBA Program | Best Use at This Site | Key Feature |
|---|---|---|
| 7(a) Loan | Business purchase, equipment, working capital | SBA’s primary long-term program |
| 504 Loan | Major fixed assets | Long-term, fixed-rate through CDCs |
| Microloan | Small upgrades, signage, smallwares | Up to $50,000 |
| Lender Match | Finding approved lenders | Free matching tool |
Illinois Licensing and Compliance Note
Any broker who represents you on a lease at 800 N Kedzie Ave Chicago IL 60651 must hold an active Illinois license. You can verify credentials through the Illinois Department of Financial and Professional Regulation real estate page. We integrate licensed real estate guidance with business brokerage so your lease and acquisition move together.
| Compliance Item | Who Oversees It |
|---|---|
| Real estate broker licensing | IDFPR |
| Restaurant business license | City of Chicago |
| Food service sanitation | Chicago Department of Public Health |
| Sales tax registration | Illinois Department of Revenue |
Buyer Action Steps
- Tour Suite 302 and inspect the existing hood, plumbing, and grease trap.
- Request NNN estimates for taxes, insurance, and CAM.
- Build a sales forecast using the rent-to-sales table above.
- Order an on-site business appraisal if you are buying an existing operation.
- Get pre-qualified for SBA financing before you sign an LOI.
- Negotiate term length, renewal options, and exclusivity.
- Confirm use restrictions with the landlord in writing.
Pros and Cons Snapshot
| Pros | Cons |
|---|---|
| Turnkey restaurant buildout | NNN costs add to base rent |
| Strong national anchors | Small 850 SF footprint |
| 30,000+ daily vehicles | Projected 1-mile population dip |
| 322 parking spaces | Competition from in-center food tenants |
| Bus stops at the door | Limited seating capacity |
Frequently Asked Questions
What is at 800 N Kedzie Ave Chicago IL 60651?
It is Chicago Kedzie Plaza, a 125,921 SF neighborhood shopping center in Humboldt Park.
What space is available right now?
Suite 302, about 850 SF, at $55.00/SF/YR NNN, with a prior restaurant buildout.
Who are the anchor tenants?
Aldi, Burlington, and Five Below.
Can I use an SBA loan here?
Yes. A 7(a) loan is a common fit for equipment, working capital, or a business purchase.
Is the lease term fixed?
No. The listing shows the term as negotiable.
If you’ve been tracking Illinois business sales, a turnkey suite inside a fully leased center is not something to watch from the sidelines. Our team at Chicagoland Business Broker can help you value, finance, and close your next move at 800 N Kedzie Ave Chicago IL 60651.
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