9858 Artesian AveEvergreen Park, IL 60805

Property Details for 9858 Artesian Ave

Year built

1926

Lot size

0.12 AC

Property type

Retail space

APN

24-12-228-021

APU

2412228021

Description

This exceptional turnkey restaurant opportunity in Evergreen Park, IL, presents a rare chance to acquire a well-established business. Located at 9858 S Artesian Ave, this 3,000 square foot, single-tenant property boasts a rich history, having been family-owned and operated since 1983. The asking price is $2,990,000, translating to $996.67 per square foot. The property includes a fully equipped kitchen featuring a hood system, refrigerator, freezer, four-top stove, flat-top grill, two pizza ovens, and a meat slicer. Three draft coolers and point-of-sale (POS) systems with credit card machines are also included. Adding to its appeal, the property features six gaming machines, a beer garden, and a venue suitable for live music and bands. Built in 1926, the building benefits from a recently replaced roof (three years old) and three-phase electric service. Ample parking is available with 20 spaces. This Class C property represents a unique investment opportunity for an owner/user seeking a profitable, established business in a desirable location. The current owner is retiring, presenting a motivated seller situation. This is a truly exceptional opportunity to step into a thriving business with significant potential for growth.

• CAP approach

  CAP return

  Valuation

  6%

  $2,388,536

  6.5%

  $2,204,802

  7%

  $2,047,316

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,659,531

  Geo Method

  $1,659,531

• Alternative Use

  Use

  Valuation

  Residential

  $1,859,833

  Hospitality

  $1,703,597

  Educational

  $1,417,373

  Medical

  $1,466,118

  Retail

  $2,204,802

Location Insight

City

Evergreen Park

County

Cook

State

Illinois

Latitude

41.7138

Longitude

-87.6835

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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