Skip To Content
    Return to Previous Page

    7440 W North Avenue , #1

    Elmwood Park, IL 60707
    • $999,000
    • STATUS: Active
    • ON SITE: 109 days
    • MLS #: 10814351
    UPDATED: 72 min ago
    $999,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,400
      SQFT
    • $227
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    Newly remodeled turn-key, fully equipped restaurant-bar with outdoor patio and video gaming. Price includes Real Estate and Business or Business only offered at $199,500. Could be also sold as a triple net property owner will stay as tenant. The business is established since 1987 with weekly sales of $20,000 a week average, 60% pick up and delivery and 40% dine in and catering. Seats 150 plus 60 at the outdoor patio with unlimited parking from the Village of Elmwood Park in the rear of the restaurant. Presently operating as Pizzeria/Italian Restaurant or bring your own concept. There are five (5) video gaming machines. Come join the hottest Restaurant Row in Elmwood Park-River Forest and Oak Park area on hot North Avenue. Heavy traffic flow, heavy foot traffic. Other tenants nearby Johnnie's Beef, Massa Italiano Cafe, Spizzico Pizza and Pasta, Panera Bread, Jim's Pete's Restaurant and many more.

    Monthly Payment Calculator



    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2020-11-29T13:52:15.69 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
    www.centralilhomefinder.com/homes/108774090
    Print Image

    7440 W North Avenue , #1 Elmwood Park, IL 60707

    • Price: $999,000
    • Status: Active
    • Updated: 72 min ago
    • MLS #: 10814351
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    4,400
    SQFT
    $227
    $/SQFT
    Neighborhood:
    Elmwood Park
    County:
    Cook
    Area:
    Elmwood Park
    Property Description
    Newly remodeled turn-key, fully equipped restaurant-bar with outdoor patio and video gaming. Price includes Real Estate and Business or Business only offered at $199,500. Could be also sold as a triple net property owner will stay as tenant. The business is established since 1987 with weekly sales of $20,000 a week average, 60% pick up and delivery and 40% dine in and catering. Seats 150 plus 60 at the outdoor patio with unlimited parking from the Village of Elmwood Park in the rear of the restaurant. Presently operating as Pizzeria/Italian Restaurant or bring your own concept. There are five (5) video gaming machines. Come join the hottest Restaurant Row in Elmwood Park-River Forest and Oak Park area on hot North Avenue. Heavy traffic flow, heavy foot traffic. Other tenants nearby Johnnie's Beef, Massa Italiano Cafe, Spizzico Pizza and Pasta, Panera Bread, Jim's Pete's Restaurant and many more.
    Exterior Features

    Approx Land Sq Footage 4400 Construction Materials Concrete Frontage Type State Road Location Central Business DistrictCommercial Business ParkMixed Use Area Miscellaneous Outside Handicapped AccessPatio Outdoor Parking 31-50 SpacesPavedPublic Lot Parking Total 100 Roof Rubber

    Interior Features

    Cooling Central Air Electric Over 600 Amps Heat Ventilation Forced Air Miscellaneous Inside Handicapped AccessHandicapped Equip Washroom/SPublic Restroom/S Seating Capacity 100+Outdoor

    Property Features

    Additional Parcels YN Yes Adj Net Income Year 2018 Adjusted Net Income 0 Annual Rent For Real Estate 0 Business Age 11+ Years Business Name Eat-Drink-Win Business Type Bar/Tavern/LoungeRestaurantRetail Corporate Limits Elmwood Park Cost Of Goods Sold 0 Cost Of Goods Year 2018 Current Use Commercial Existing Lease Type Net Food Beverage Type RestaurantPizza ParlorCateringCarry-OutFine Dining General Information 24-Hr Notice RequiredNo Sign On PropertyHighly Confidential Gross Payroll 0 Gross Payroll Year 2018 Gross Profit 0 Gross Profit Year 2018 Gross Sales Ann Year 2018 Gross Sales Annual 0 Inventory 0 Inventory Year 2018 Known Encumbrances None Known Land Amenities Other Living Quarters None Lot Size .25-.49 Acre Lot Size Dimensions 125 X 80 Net Operating Income Year 2018 Net Profit 0 Non- Disclosure Agreement Required YN Yes Number Of Full Time Employees 3 Number Of Part Time Employees 3 Operating Expense 0 Ownership Type Corporation Ownership Type1 Individual Possible Use CommercialLiquor LicenseRetailOther Property Offered For Sale Or Rent Real Estate Included YN Yes Sale Includes LandBuildingBusinessEquipmentCustomer ListOwner Will TrainCov Not To CompeteLease Hold InterestPhone NumberBusiness Name Sales Taxes 0 Sales Taxes Year 2018 Seller Will Other Tax Annual Amount 26350 Tax Year 2018 Tenant Pays Air ConditioningElectricityHeatScavengerSewerGas Total Actual Rent 6000 Total Operating Expenses Year 2018 Type Bus / Bus W/Real Est Type Of Lease None Unincorporated YN No Utilities Electric To SiteGas To SiteWater To Site Zoning Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Coldwell Banker Realty.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2020-11-29T13:52:15.69 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_10814351-2.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_10814351-2.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_10814351-2.jpg
    Logo
    Ryan Dallas Real Estate
    4112C Fieldstone Road
    Champaign IL, 61822