7455 W Irving Park Rd - Freestanding FOR SALE


Chicago, IL 60634- Belmont Heights
$1,000,000 USD
773-325-2800
7455 W Irving Park Rd, Chicago, IL for Sale
$1,000,000 USD
Freestanding - FOR SALE
1/10
null | Request Cap Rate

NEW


7455 W Irving Park Rd
Chicago, IL 60634
Belmont Heights


HIGHLIGHTS

  • Turnkey Rehab & Dual Income: Fully renovated bar/restaurant space with an attached 3-bedroom apartment for secondary rental revenue.
  • Prime High-Traffic Location: Exceptional corner visibility with up to 26,000 daily vehicles near the Harlem-Irving Plaza retail hub.
  • Immediate & Future Upside: Includes a Chicago PPA liquor license and a dedicated game room pre-built for potential future gaming/VGT revenue.
  • Professional Kitchen Build-Out: Fully equipped with newer commercial pizza ovens, a complete kitchen line, walk-in refrigeration, and much more.
  • Dedicated Private Parking: Includes a rare corner lot and plenty of street parking with easy accessibility for patrons.
  • Strong Demographic Profile: Situated in a high-purchasing-power area with a $92,409 median household income and a dense residential base.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$247 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Bar, Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

C1-2

APN/PARCEL ID

12-24-202-001-0000,12-24-202-002-0000

ASK ABOUT THIS PROPERTY

Thoma PanosPearson Realty GroupMore Info
773-325-2800

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Thoma PanosPearson Realty GroupMore Info
773-325-2800

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