Turnkey Bar & Restaurant Space with Real Estate in Northwest Chicago!

Asking Price$1,000,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Kitchen
Building
Dining Area
Bar Area
Dining Area
Kitchen
Kitchen
Building
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Turnkey Bar & Restaurant Space with Real Estate in Northwest Chicago!


Asking Price$1,000,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business 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.
About the Business
Facilities & Assets
- Full gut renovation and all upgrades for restaurant within the past year
- Fully equipped commercial kitchen with newer pizza ovens, full kitchen line, and walk-in cooler/freezer and much more.
- Fully equipped updated dining and bar area
- Built-out game room positioned for potential future ancillary revenue.
- Attached 3-bedroom residential apartment, providing an additional income component.
- Private parking lot plus plenty of street parking
Market Outlook / Competition
- The property benefits from an exceptional corner location along Irving Park Road near Harlem Avenue and Forest Preserve Dr., an increasingly commercialized corridor with high daily traffic counts
- Surrounded by established restaurants, bars, and neighborhood retail supporting strong local demand
- Dense surrounding residential population providing a reliable customer base
- Area continues to see ongoing retail and commercial activity, supporting long-term business viability
- Dense surrounding residential population providing a reliable customer base
Opportunities for Growth
- Bring your own concept or keep and expand the current menu
- A strong passive income stream for an absentee investor seeking flexibility.
- Increase hours and days of operation
- Expand delivery, takeout, and catering service
- Increase rent on current apartment tenant
- Increase gaming revenue in restaurant
- Built-out game room positioned for potential future ancillary revenue, with the possible allowance of VGT in the future
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
4,055
Listing Info
ID
2460075
Listing Views
22
Attached DocumentsAttachment Disclaimer

7455 W Irving Park Rd OM Panos 01142026.pdf

Business Location

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Business Listed by: Thoma Panos

Listing ID: 2460075 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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