Freestanding Restaurant w/Drive-Thru Oak Forest, IL - With Property!

Asking Price$325,000

Gross Revenue
Not Disclosed

Net Operating IncomeNot Disclosed

FF&E$40,000
Included in asking price
Building Sq. Ft.740

Price per Sq. Ft.Not Disclosed

listing imageSave

Freestanding Restaurant w/Drive-Thru Oak Forest, IL - With Property!


Asking Price$325,000

Gross Revenue
Not Disclosed

Net Operating IncomeNot Disclosed

FF&E$40,000
Included in asking price
Building Sq. Ft.740

Price per Sq. Ft.Not Disclosed

Property Description
On Busy 167th St With 18,000+ VPD Near Cicero Ave With 34,000+ VPD
Previously operated as a popular sandwich shop offering beef sandwiches (corned, brisket or pastrami), plus Italian beef, gyros, hot dogs, burgers and other comfort food favorites.

Fast-food restaurant. Simple operation - counter service. Dine-in or out, carryout, convenient pickup window and drive-thru.

The current layout features a kitchen, prep area, cozy dining area and outdoor seating on its covered front porch.

Its updated build-out features high ceilings, new flooring, f With 5ft Hoodrench doors and more. Also, electronic menu boards and a large screen tv.

And a fully equipped kitchen that includes a 5ft hood, table-top oven, convection oven, warmer, meat slicer, 2-door refrigerated prep table, 2-door reach-in beverage cooler, 2-door reach-in cooler, 2-door reach-in freezer and more, plus a detached walk-in cooler on a concrete foundation along the rear of the building.

Well established restaurant location for many years. Asset sale with property - all furniture, fixtures and equipment (FF&E) included.

Turnkey! Bring your concept here. A versatile gem awaiting a savvy owner-operator. Own your own building and lot outright (no landlord or rent). Perfect for a beef/burgers/gyros/hot dog joint, sandwich shop, deli, coffee shop, ice cream/frozen yogurt/gelato, juice bar, smoothies, gaming café or any quick-service eating & drinking establishment

Prime retail space in a freestanding building with pickup window, drive-thru and large monument sign. Boasts great signage, excellent visibility, easy access and its own parking lot.

Perfectly situated on 167th St - a well-traveled retail and commuter corridor with over 18,000 vehicles per day. Just west of Cicero Avenue (IL-50) - a major north-south arterial with over 34,000 vehicles per day, connecting Oak Forest to Midlothian, Country Club Hills, Crestwood and Alsip. Plus, in close proximity to Interstate 57 (1 mile west) and Interstate 294 (Tri-State Tollway) for excellent regional access.

Just minutes from the Oak Forest Metra Station, Oak Forest City Hall & government offices, the village’s business district, Oak Forest High School and more. Plus, close to residential neighborhoods, schools, light industrial parks and retail.

Surrounded by a densely populated residential area with over 130,000 residents within a 5-mile radius with an average household income over $90,000.

Ideally located in Oak Forest, a thriving far southwest suburb 20 miles from downtown Chicago!

Competition & Market: A rare freestanding building with pickup window, drive-thru and dedicated parking lot in the area. Fully built, updated and operational - save time and money. Countertop service setup - efficient. Flexible layout for multiple uses - suitable for many concepts. Great curb appeal - inviting exterior. Excellent visibility - prime frontage on 167th St and large monument sign. Easy ingress/egress - from multiple directions.

Growth & Expansion: Established reputation as a local favorite stop. Longstanding neighborhood restaurant. Consistent customer flow - strong repeat traffic.

Strategically located on 167th St - one of Oak Forest’s busiest east-west corridors. Also, strong daily traffic from nearby Cicero Ave (IL-50). Surrounded by a consistent daytime and evening customer base.

And the potential to add gaming!

Feel free to stop by the location. If interested, complete the short Contact Form or call the EatZ Broker on the right for more information. Showings by appointment only.

Listed By Tom Traina at EatZ & Associates / EatZ Real Estate Group LLC
About the Property
Type
Retail
Building Status
Established
Facilities & Assets
Property: 740 sqft well-maintained one-story masonry freestanding building with front porch, pickup window, fully functional drive-thru with menu board, large pylon sign & parking lot for 7 vehicles. Built in 1957. Remodeled in 2015 & 2021. Drive-thru, additional HVAC & interior updates were done in 2021. On 17,424 sqft or .4 acres. Class B. Zoning B-2. 2024 real estate taxes $16,481.

SqFt: 740.

Seating: 8 Inside & 20 Outside.

Value of FF&E: Included (Valued At $40,000).

Value of Inventory: Not Included.

Reasons for Selling: Available.
Location Description
On 167th St - Between S Harlem Ave (Rte 43) & S Cicero Ave (Rte 50) - Just off the I-57 & 167th interchange - Just S of the I-57 & 159th (Rte 6) interchange - Just N of the I-57 & I-80 interchange - Minutes from Oak Forest & Tinley Park Metra stations - Near Morton Gingerwood School,Fieldcrest Elementary School - Close to Amazon, CJ Logistics America, Walmart & more.
Current and Prior Use
Family Restaurant and Sandwich Shop
Year Built
1957
About the Sale
Furniture, Fixings and Equipment
Included in Asking Price
Financing
No.
Listing Info
ID:
2432473
Listing Views:
Business Location

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Property Listed by: Tom Traina EatZ & Associates

Listing ID: 2432473 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.


Similar Listings
Liquor Store For Sale
$275,000Liquor Store For SaleSchaumburg, IL
Sloan's Ice Cream
$180,000Sloan's Ice CreamFeatured Franchise
PJ's Coffee of New Orleans
$175,000PJ's Coffee of New OrleansFeatured Franchise
Liquor store for lease
$250,000Liquor store for leaseCook County, IL
H&H Bagels
$500,000H&H BagelsFeatured Franchise
Le Macaron
$100,000Le MacaronFeatured Franchise
Liquor Store For Sale
$275,000Liquor Store For SaleSchaumburg, IL
Sloan's Ice Cream
$180,000Sloan's Ice CreamFeatured Franchise
PJ's Coffee of New Orleans
$175,000PJ's Coffee of New OrleansFeatured Franchise