Rare Restaurant & Bar w/Property Palos Heights, IL - On S Harlem Ave!

Asking Price$675,000

Gross Revenue
Not Disclosed

Net Operating IncomeNot Disclosed

FF&ENot Disclosed

Building Sq. Ft.4637

Price per Sq. Ft.Not Disclosed

Aerial
Interior
Bar
Seating
Private Dining
Exterior
Aerial
Interior
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Rare Restaurant & Bar w/Property Palos Heights, IL - On S Harlem Ave!


Asking Price$675,000

Gross Revenue
Not Disclosed

Net Operating IncomeNot Disclosed

FF&ENot Disclosed

Building Sq. Ft.4637

Price per Sq. Ft.Not Disclosed

Property Description
Reimagine Or Introduce A New Restaurant, Bar Or Hospitality Concept
Rare Restaurant & Bar w/Property Palos Heights, IL - On S Harlem Ave!

"Reimagine The Former Joe Daniel's Or Introduce An Entirely New Restaurant, Bar Or Entertainment-Driven Concept"

Outstanding opportunity to acquire the former Joe Daniel's Neighborhood Eatery & Pub at 12218 S Harlem Ave in Palos Heights, IL, including its commercial real estate and all existing furniture, fixtures and equipment.

A long-established restaurant and pub location dating back to 2002! This longtime neighborhood destination operated for more than 2 decades (25 years) as a casual eatery, pub, sports destination and local gathering place. The restaurant is currently closed, creating an exceptional opportunity for a new owner/operator to acquire an established restaurant and bar facility and bring their fresh concept and vision to the market.

The offering features a spacious 4,637 sqft restaurant and bar with ample seating. The existing restaurant/bar buildout and included FF&E provide a significant head start and potential savings compared to developing and equipping a restaurant from scratch.

Currently closed and ready for a new owner and concept. Its substantial footprint, 140-seat capacity and existing restaurant/bar infrastructure offer tremendous versatility.

Ideal for:
- Neighborhood eatery & pub
- Sports bar & grill
- Gastropub
- Tavern
- Taproom & kitchen
- Burger & craft beer concept
- Modern American restaurant & bar
- Pizzeria & bar
- Irish pub
- Mexican restaurant & cantina
- Entertainment-driven restaurant & lounge
- And more…

Significant growth and repositioning opportunities include a complete rebrand and relaunch, updated décor, expanded sports and game-day programming, live music, happy hour, late-night food and beverage, private parties and group events, catering, online ordering, delivery, social media marketing, customer loyalty programs and targeted marketing to nearby businesses, medical employees, athletic facilities and youth sports organizations.

An attractive opportunity for an experienced restaurateur, independent operator, hospitality group or expanding restaurant concept seeking a highly visible Palos Heights location with real estate ownership. Bring your concept and vision to this established Palos Heights restaurant location!

Prime retail space along Harlem Ave, an established N-S thoroughfare serving Palos Heights and its surrounding suburban communities.

The property is positioned within an established restaurant/retail corridor surrounded by a diverse mix of independent restaurants, neighborhood eateries and bar concepts - demonstrating continued consumer demand for dining and hospitality uses in the market.

As well as bakeries, salons, fitness concepts, specialty retailers and professional services - helping generate consistent activity throughout the surrounding trade area.

Also, close to Northwestern Medicine, DeVos Athletics & Recreation Complex and George & June Schaaf Athletics Complex - further strengthening the area's daytime, evening and weekend traffic generators.

Location highlights:
- Established restaurant location with decades of local recognition
- Prominent position along the established Harlem Ave commercial corridor
- Also Route 43, a major N-S roadway through Chicago and numerous southwest/western suburbs
- Convenient access, near the major intersection of Route 43 and Route 83
- Surrounded by an established mix of restaurants, retailers, salons, fitness concepts, professional services and area businesses
- Nearby dining and hospitality uses reinforce the area's established reputation for restaurant traffic
- Solid southwest suburban customer base
- Palos Heights offers a strong mix of established residential neighborhoods, medical facilities, recreational destinations and active commercial corridors
- Excellent potential to draw neighborhood residents, sports families, area employees and destination diners

Listed By Pat Mahoney at EatZ & Associates/EatZ Real Estate Group LLC
About the Property
Type
Retail
Building Status
Established
Facilities & Assets
Property: Single-tenant 4,637 sqft commercial condominium unit situated within two-unit strip-retail condominium building within a larger strip-retail center. Built in 1950. On 0.3402 acre lot or 14,820 sqft. Pin# 23-25-229-0015-1001.

Property Benefits:
- Capitalize on its longstanding restaurant use & local recognition
- Existing restaurant & bar buildout
- Flexible footprint & substantial seating capacity
- Highly visible Harlem Ave location
- Established restaurant &retail corridor
- Surrounded by complementary restaurants, bars, retail, services, businesses, recreation & more
- Excellent repositioning & rebranding opportunity
- Incredible potential for lunch, dinner, happy hour, sporting events, private gatherings, live entertainment, late-night business
- Significant savings compared to building & equipping a restaurant from scratch
- Rare opportunity to own the real estate rather than lease
- Ability to build long-term equity in the property while operating the business
Location Description
- Established restaurant location w/decades of local recognition
- Prominent position along established Harlem Ave commercial corridor
- Also Route 43-a major N-S roadway through Chicago & numerous suburbs
- Near the major intersection of Rte 43 & Rte 83
- Surrounded by a mix of restaurants/retailers/services/businesses
- Area w/established reputation for restaurant traffic
- Palos Heights offers a strong mix of dense neighborhoods, medical facilities & recreational destinations
- Draw from residents, sports families, area employees & destination diners
Current and Prior Use
The former Joe Daniel's has historically been associated w/casual dining, pub fare, sports, entertainment & neighborhood gatherings-providing an established restaurant identity at the site

New Opportunities include
- Reopen as an updated neighborhood restaurant & pub
- Introduce a completely new restaurant or bar concept
- Develop into a modern American gastropub or elevated pub concept
- Create a dedicated sports bar destination w/expanded game-day programming
- Utilize the location's longstanding restaurant history in the property's relaunch marketing
Year Built
1950
About the Sale
Furniture, Fixings and Equipment
Included in Asking Price
Financing
No.
Current Property Expenses
Real estate taxes are approximately $32,787 annually. Buyer to independently verify all current real estate taxes, assessments, condominium fees, utilities, insurance and other property-related expenses during due diligence.
Listing Info
ID:
2530261
Listing Views:
Attached DocumentsAttachment Disclaimer

Brokerworks Business Information.pdf

Business Location

Listing ID: 2530261 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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