Chicago Bakery Site at 2035 N. Narragansett Sells for $34.2M
A three-parcel Chicago bakery property at 2035 N. Narragansett was recorded at $34.2M, about 4.5 times the $7.56M price recorded for it in March 2025.
- Source Briefing
- Public record
A three-parcel industrial property at 2035 N. Narragansett Ave. on Chicago’s Northwest Side was recorded at a declared $34.2 million this summer, according to Cook County records. The prior recorded sale, in March 2025, was $7.56 million. The seller in the new deed is JTM Corp, the baker that bought the plant from Hostess Brands.
Why it matters
A price that large, roughly 4.5 times the earlier figure, points to something more than a plain resale. The Clerk index shows a memorandum recorded the same day between the new owner and JTM Foods LLC. That is the kind of document that commonly accompanies a lease, so the filings are consistent with a seller that kept operating the bakery as a tenant. The index does not state lease terms, so we do not call it a sale-leaseback as fact.
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The two prices are not like-for-like. The 2025 record may cover a different parcel grouping, and equipment or business assets may have moved with either deal.
The numbers
Declared price: $34.2 million on document 2618808000, commercial/industrial class. The county dataset dates the sale June 24; the Clerk index shows the deed, the memorandum and a Bank of Montreal mortgage recorded July 7. The index does not show the loan amount.
The next day, July 8, the Clerk recorded releases and terminations of liens that had been filed in June 2025 in favor of Audax Private Debt and Varagon Capital Partners. On July 16, four mechanics liens were recorded against JTM entities by Dubak Electrical Group. A mechanics lien is a contractor’s claim for unpaid work, and the index does not say whether these were resolved.
What’s next
Watch for the loan amount, which sits in the recorded mortgage, and for any lease term in the memorandum. Because the Clerk index runs two to three weeks behind, later filings on the property may not be visible yet. More Northwest Side industrial trades are tracked on our Chicago market page.
ON THE RECORD: Cook County Assessor parcel sales, document 2618808000 (declared $34,179,333, sale dated June 24, 2026), and Cook County Clerk recordings dated July 7, 2026. The county dataset carries no party names; parties are as indexed by the Clerk. No price is derived from transfer tax.
Quick answers
- How much did Chicago Bakery Site at 2035 N. Narragansett sell for?
- A three-parcel Chicago bakery property at 2035 N. Narragansett was recorded at $34.2M, about 4.5 times the $7.56M price recorded for it in March 2025.
- What are the key numbers for JTM Foods?
- declared price: $34.2M; March 2025 price: $7.56M; parcels: 3.
- Where does the information on JTM Foods come from?
- The story cites Cook County Assessor parcel sales.
On the record
Cook County sale record for document 2618808000 shows a declared $34,179,333 price across three parcels at 2035 N. Narragansett Ave.; the Clerk index lists a special warranty deed from JTM Corp to AGNL Sweets LLC, a memorandum from AGNL Sweets to JTM Foods LLC and a Bank of Montreal mortgage, all recorded July 7, 2026. The prior deed, document 2506518269, runs from Hostess Brands LLC to JTM Corp (March 2025, $7.56M declared).
Public record · cookcountyassessor.com