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4,055 SqFt
$ 1,000,000
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4,055 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,055 sqft
Price per Sqft $246
MLS Listing ID 12549448
Year Built 1924
Annual Tax Amount $13,879
Tax Year 2024
Lot Dimensions 50' x 125'
Property Sub-Type Mixed Use
Property Description
TURNKEY MIXED-USE OPPORTUNITY: Renovated Bar, Restaurant & Pizzeria + Apartment in Northwest Side of Chicago (BUSINESS + REAL ESTATE) This exceptional mixed-use property at 7455 W Irving Park Rd provides a rare opportunity to acquire a fully turnkey restaurant, pizzeria, and bar in a high-traffic Chicago location. The 4,055 SF freestanding building features a 3,125 SF restaurant and bar space that has been completely gut-rehabbed within the past year, ensuring a stabilized operation with no immediate capital requirements for the buyer. The restaurant's interior is built out for full-service dining with seating for approximately 95 patrons and includes a Chicago PPA liquor license, a dedicated game room for potential future gaming & VGT revenue, and a fully equipped commercial kitchen with newer pizza ovens, prep areas, a walk-in cooler/freezer, and much more. Adding to the investment's value is an attached 930 SF, three-bedroom residential apartment that provides a steady secondary income stream. Situated on a 0.16-acre corner lot with a dedicated 15-car parking area and plenty of street parking, the property benefits from prime frontage along Irving Park Road near Harlem Avenue and Forest Preserve Drive, an increasingly commercialized corridor with strong daily traffic counts, and just blocks away from Harlem-Irving Plaza (HIP) shopping center, where daily traffic counts reach up to 26,000 vehicles. This offering is perfect for an absentee investor or owner-operator looking for a renovated asset in a dense residential area with a high median household income of $92,409. Business and clientele are already in place and running. Please do not disturb the staff, customers, and tenants. Contact Listing Agent for showings.
Location
State IL
County Cook
Area Chi - Dunning
Zoning COMMR
Interior
Cooling Central Air, Exhaust Fan
Fireplace N
Building
Dwelling Type Mixed Use
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Listed by Thoma Socrates Panos of Pearson Realty Group
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