6600 W 111th St - Restaurant FOR SALE


Worth, IL 60482
$3,900,000 USD
708-205-8703
6600 W 111th St, Worth, IL for Sale
$3,900,000 USD
Restaurant - FOR SALE
1/16
null | Request Cap Rate

6600 W 111th St
Worth, IL 60482


HIGHLIGHTS

  • Established Local Landmark
  • Prime Location 111th and I-294
  • Fully Operational Turnkey w Large On 3 Acre Site + 3bdrm Aparment
  • Seating for 750 Patrons
  • Gaming License
  • Billboard Sign

OVERVIEW

This Restaurant property has it all! Restaurant, lounge, gaming, 2 sports bars, large parking lot, 3-bedroom 2nd-floor apartment, extra valet/employee parking, billboard income, historic name, ready-made customer base, strong reputation for food and service. This lightly wooded property is situated on 3 acres. This 12,000 sf building was totally updated in 2015 and has been a Southwest "institution" for over 50 years! Ravinia South: This business features an extensive outdoor patio/firepit/and enclosure, a dance floor, and an entertainment stage for late spring, summer, and early autumn music and festivities. Located at 111th and Ridgeland Avenue next to the I-294 interstate with a large billboard sign, extra income from gaming, an apartment, and the restaurant/bar and banquet rooms. Demographics boast 200,000 plus customers within a 3-5 mile radius. An "A-Frame Entrance" warmly welcomes guests into a "Wisconsin-esque" North Woods, with knotty pine walls and ceilings and large timber beams. Cozy "historic" bar area to the right with several private "dining rooms" with fireplaces, exposed stone walls, paneled "homey feel" dining. Also, a tastefully decorated large banquet room for private parties. Enter from the left into the modern section with a state-of-the-art sports bar. The L-shaped bar seats over 40, with additional tabletop seating for over 300 patrons. Several overhead-windowed "garage door rollup" doors open to another outdoor seating area for 450 additional patrons in the large party deck/entertainment stage and dance floor. Turnkey Steakhouse can be tailored to any concept that will enhance this entertainment mecca. Fully operational, turnkey opportunity. Private showings only.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$325 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

SPRINKLERS

-

PARKING SPACES

190

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,276 SF

ZONING

b2

APN/PARCEL ID

24-18-411-023-0000,24-18-411-040-0000,24-18-414-009-0000,24-18-414-023-0000

ASK ABOUT THIS PROPERTY

Chuck GroebeColdwell Banker Commercial RealtyMore Info
708-205-8703

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Chuck GroebeColdwell Banker Commercial RealtyMore Info
708-205-8703

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