Fully Equipped Bakery & Commercial Kitchen

CHICAGO, Illinois

Asking Price	$19,500	Year Established	2022
Annual Revenue	$0	Reason for Selling	Landlord looking for a new tenant.
Annual P/L	$0	Attention	Brian O'Kelly
Annual Cash Flow	$0	Listing Number	1018754
# of Employees		Business Category	Commercial Real Estate: For Lease Commercial Properties

Business Overview:

3,799 SqFt Fully-Equipped Bakery & Production-Scale Commercial Kitchen Far Northwest Side of Chicago, IL - For Lease!
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“Rare Turnkey Food-Production Opportunity In Chicago’s Gladstone Park/Norwood Park Trade Area”

Lease the entire ground floor of this historic bakery property at 5742-5744 N Milwaukee Ave. Longtime home of Gladstone Park Bakery, a neighborhood institution known for decorated cakes, and currently New Paradise Bakery, a Sicilian-inspired bakery, café and gelateria. A major 2022 renovation added updated plumbing, electrical, food-production improvements and nearly all new equipment.

Landlord-owned FF&E stays for the lease term and renewals: Middleby Marshall 6-shelf oven, Hobart rolling rack oven, multiple Hobart mixers, twin-arm and spiral mixers, Baxter proofers, 2-pass dough sheeter, Baker’s Pride pizza oven, 12' exhaust hood, fryers, range with flat-top grill, Hobart slicer, gelato machine, milk pasteurizer, cookie dough stamper, shrink-wrap machine, prep tables, 18'x10' walk-in cooler and 20'x20' walk-in freezer. The retail area offers refrigerated pastry and gelato display cases, sandwich station and POS system.

Area residents already recognize this address as a destination for baked goods and specialty foods - something impossible to recreate elsewhere. Bring your concept, recipes and staff - the expensive infrastructure is already here!

Listed by Brian O’Kelly at EatZ & Associates

Property Features and Assets:

<p>Prime spot on the established Milwaukee Ave commercial corridor serving Gladstone Park, Norwood Park and Jefferson Park, between W Ardmore Ave and W Seminole St, just off I-90 near the I-90/I-94 and US Hwy 14/I-94 interchanges. Dense, affluent customer base: ~23,400 residents within 1 mile (median household income ~$102,000) and ~220,000 within 3 miles (~$100,000). ~7,914 daytime employees within 1 mile and 93,000 within 3 miles fuel weekday, catering and wholesale demand. ~10,535 vehicles per day pass the property, with 14,888 VPD near Milwaukee and Medina, and Gladstone Park Metra station is ~0.4 mile away. Two-story 1920 masonry mixed-use building with apartments above, B3-1 zoning and street parking. Close to Edgebrook Golf Course.<br><br>SqFt: 3,799 + Full Basement (Prep & Storage)<br>Seating: Ample<br>Training: (Space For Lease)<br>Lease: $6,500/mth; new 5-yr lease + two 5-yr options<br>Property: Landlord-owned, leased fully equipped<br></p>

Market Competition and Expansion:

<p>A rare chance to lease a production-scale bakery/commercial kitchen with established retail frontage, avoiding the cost and time of building one from scratch. Few available spaces offer this much production capacity already in place alongside a customer-facing storefront. Rent is modified gross (~$20.53/sqft, $78,000/year), covering base rent, real estate taxes, CAM and landlord insurance for a predictable occupancy cost instead of base rent plus NNN expenses.<br><br>Multiple possible uses make this space ideal 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. Pairing high-volume production with a retail counter lets one operator serve wholesale, catering, delivery and walk-in customers from a single site. The installed refrigeration, baking, proofing and display infrastructure gives a new tenant tremendous flexibility to launch quickly or scale an existing brand.<br></p>

Additional Details: