7841 Grand AveElmwood Park, IL 60707

Property Details for 7841 Grand Ave

Year built

1929

Lot size

0.07 AC

Property size (Sq ft)

1,440 SF

Property type

Retail space

APN

12-25-321-003

APU

1225321003

Description

This exceptional Cook County bar and restaurant, known as Sportz Nook, presents a lucrative long-term lease opportunity for a qualified operator. The property boasts a well-established history, generating approximately $150,000 in annual gaming revenue. The business model includes a fully operational bar and restaurant, complemented by a private, cozy patio area, ideal for extending the customer experience. The lease includes the use of existing equipment, subject to a separate equipment use fee. This turnkey operation is situated in a prime location, offering immediate access to a built-in customer base. Detailed financial information, including revenue and expense breakdowns, is available upon request to serious, qualified prospective tenants. The property is offered as a single-tenancy lease, providing the new operator with complete control and autonomy. This is a rare opportunity to acquire a profitable, established business with significant growth potential in a desirable Cook County location. The cozy patio provides a unique selling point, enhancing the overall appeal and attracting a wider range of clientele. Don't miss this chance to own a piece of a successful and thriving establishment. Contact us today to learn more and schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $637,192

  6.5%

  $588,177

  7%

  $546,164

• Comparable approach

  Method

  Valuation

  Relative Method

  $472,651

  Geo Method

  $472,651

• Alternative Use

  Use

  Valuation

  Residential

  $496,149

  Hospitality

  $454,470

  Educational

  $378,114

  Medical

  $391,118

  Retail

  $588,177

Location Insight

City

Elmwood Park

County

Cook

State

Illinois

Latitude

41.9264

Longitude

-87.8231

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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