Contact Broker
940 W Adams St., 2Nd Floor
Chicago, Illinois 60607
(View Map)
Affiliated Broker
Alexis Roberts
About the Company
Broker Biography
Introduction
Tim Rasmussen serves as an Associate Advisor for Sperry Van Ness LLC, specializing in the sale and lease of commercial hospitality property throughout the Chicago metropolitan area. Mr. Rasmussen has been both a developer and a restaurant owner, and understands all sides of real estate development.
Prior to joining Sperry Van Ness, Rasmussen was Principal of Chicago Restaurant Corporation for 20 years, owning and operating a string of popular Chicago restaurants including Anteprima, Acre, Ombra, Joe’s Be-Bop Café, Charlie’s Ale House, and Carlucci Restaurant. During that time he was also continuously active as Managing Broker of Rasmussen Realty Advisors, a development company. Recent projects include the transformation of a 22,000 square foot parking garage in Chicago's Andersonville neighborhood into a mixed use retail and light manufacturing building. Tenants include Athletico, Uptown Animal Hospital and a Metropolis Coffee roasting facility; and the renovation of a 6,200 square foot former resale shop into a multi-tenant retail and office building. Recent transactional work includes the sale of a two acre site in Wheaton, Illinois, to Chick-fil A, and a catering facility to Aramark.
In an earlier role as Executive Vice President of Leasing for Hawthorn Realty Group, Rasmussen oversaw an 8.5 million square foot portfolio of office and industrial properties in Rosemont, Lincolnshire, Lincolnwood, and Oak Brook, among other locations.
A licensed real estate broker in Illinois since 1993, Rasmussen is a member of the International Council of Shopping Centers, and earned a Bachelor’s in Business Administration from the University of Tennessee – Knoxville.
Services Provided
Negotiation of asset purchase and sales agreements; tenant representation; disposition strategies; business valuation; business planning including financial modeling, socio-economic and demographic analysis and site selection; and real estate sale/leaseback strategies.
Areas Served
Business For Sale Listings
Lakeview, IL
View Details Restaurant & 4 Multifamily Units For Sale
SVN Chicago Commercial is pleased to present an exceptional value-add investment opportunity at 1625 W Irving Park Rd, Chicago — a premium mixed-use property located in the heart of Lakeview, one of Chicago’s most vibrant and desirable neighborhoods.The property spans a 10,640 SF lot and is improved with a 12,995 SF, partially four-story mixed-use building, along with a single-story restaurant. A large surface parking area comprising approximately 3,900 SF offers multiple development and use options.Investment Highlights:Significant value-add potential, including:The by-right addition of up to six dwelling unitsPotential for free-standing residential developmentOpportunity to reposition and right-size the existing, fully equipped restaurantProperty Details:The four-story mixed-use structure, built in 2014, features:Private dining and event space on the first and second floorsFour (4) two-bedroom, one-bath residential units on Less
Tim Rasmussen serves as an Associate Advisor for Sperry Van Ness LLC, specializing in the sale and lease of commercial hospitality property throughout the Chicago metropolitan area. Mr. Rasmussen has been both a developer and a restaurant owner, and understands all sides of real estate development. Prior to joining Sperry Van Ness, Rasmussen was Principal of Chicago Restaurant Corporation for 20 years, owning and operating a string of popular Chicago restaurants including Anteprima, Acre, Ombra, Joe’s Be-Bop Café, Charlie’s Ale House, and Carlucci Restaurant. During that time he was also continuously active as Managing Broker of Rasmussen Realty Advisors, a development company. Recent projects include the transformation of a 22,000 square foot parking garage in Chicago's Andersonville neighborhood into a mixed use retail and light manufacturing building. Tenants include Athletico, Uptown Animal Hospital and a Metropolis Coffee roasting facility; and the renovation of a 6,200 square foot former resale shop into a multi-tenant retail and office building. Recent transactional work includes the sale of a two acre site in Wheaton, Illinois, to Chick-fil A, and a catering facility to Aramark. In an earlier role as Executive Vice President of Leasing for Hawthorn Realty Group, Rasmussen oversaw an 8.5 million square foot portfolio of office and industrial properties in Rosemont, Lincolnshire, Lincolnwood, and Oak Brook, among other locations. A licensed real estate broker in Illinois since 1993, Rasmussen is a member of the International Council of Shopping Centers, and earned a Bachelor’s in Business Administration from the University of Tennessee – Knoxville.
