10618 Western AveChicago, IL 60643

Property Details for 10618 Western Ave

Year built

1949

Lot size

0.09 AC

Property size (Sq ft)

1,800 SF

Property type

Retail space

APN

24-13-233-018

APU

2413233018

Description

This thriving, two-story Irish-themed bar located at 10618 S Western Ave, Chicago, IL 60643, presents a unique investment opportunity. Boasting 4,200 square feet on a 7,500 square foot lot, this well-established business has been a community staple for over four decades. Completely renovated in 2015, the property features a striking 50-foot long custom bar, creating an authentic and inviting atmosphere. A significant addition in 2015 includes a 1200 square foot basement, perfect for private events, live music, or pub crawls, significantly boosting revenue streams. The property offers a 5.80% cap rate and is listed at $1,675,000. The building consists of one structure with two stories and is currently available for sale by owner. Occupancy is available October 1st, 2024. This turnkey operation is ready for a new owner to continue its legacy of success in the vibrant Chicago south side market. The property's prime location and established clientele base provide a solid foundation for continued growth and profitability. Don't miss this chance to acquire a well-established and profitable business with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $850,349

  6.5%

  $784,938

  7%

  $728,871

• Comparable approach

  Method

  Valuation

  Relative Method

  $590,814

  Geo Method

  $590,814

• Alternative Use

  Use

  Valuation

  Residential

  $662,124

  Hospitality

  $606,502

  Educational

  $504,603

  Medical

  $521,957

  Retail

  $784,938

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.7003

Longitude

-87.6818

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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