3,799 SqFt Fully-Equipped Bakery & Production-Scale Commercial Kitchen
Property 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
"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
About the Property
- Type
- Building Status
- Established
- 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. - Current Property Expenses
- (Contact For)
- Location Description
- ~23,400 residents and 9,190 households live within 1 mile, with median household income around $102,000. Within 3 miles are ~220,000 residents and 83,285 households, with median household income around $100,000. The area also includes ~7,914 daytime employees within 1 mile and 93,000 within 3 miles, creating additional weekday, catering and wholesale demand.Milwaukee Ave itself carries ~10,535 vehicles per day at the property and 14,888 VPD near Milwaukee and Medina. Plus, the Gladstone Park Metra station is ~0.4 mile away.
- Current & Prior Use
- 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.
About the Lease
- Rent
- $6,500 per month
- Lease Is NNN
- No
- Lease Terms
- Landlord will provide a new 5-year lease with two 5-year options.
Listing Info
- ID
- 2554914
- Listing Views
- 2
Attached DocumentsAttachment Disclaimer
Brokerworks Business Information.pdf
Business Location
Listing ID: 2554914 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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