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    216 E North Ave Northlake, IL 60164

    For Sale
    $150,000

    Business Opportunity - Northlake, IL

    Property size:
    2,853 SF
    Days on Market:
    11
    Last Refresh:
    Dec 7 at 2:06 pm

    Property Features for 216 E North Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RTAIL
    APN
    12323280150000
    Size
    2,853 SF

    Utilities

    Cooling system
    Exhaust Fan (Cooling), Multi Units, Window Unit(s)

    Building Details

    Roof type
    Membrane
    Architectural style
    Other

    HomeSmart Connect Real Estate (847) 495-5000 [email protected]

    Listing agent Marla Kubik (847) 495-5000 License #471018461

    Listing date Nov 27, 2025

    MLS# 12511524 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Pizzeria Business Opportunity

    This is an established pizzeria and Italian meals business for sale, operating for 40 years. The property is located on North Avenue in Northlake, offering high visibility with a traffic count of over 42,000 vehicles daily. The location provides easy access from the frontage road and includes ample parking. The surrounding area includes industrial and residential properties. The restaurant features an updated entry with a seating area, order window, and an efficient kitchen. All kitchen equipment is included, such as a walk-in refrigerator, upright refrigerators, freezers, pizza ovens, oven/stove, a large dough mixer, and storage units. An adjacent unit, currently rented on a month-to-month lease, offers a large open area with a private bath and storage, and could be opened to expand the restaurant seating area. All units have separate water, gas, and electric utilities. There is a full basement with an exterior entrance for storage. The property size is 2853 square feet. The intended use is for a pizzeria and Italian meals business. The building is also for sale, consisting of three units, two of which are rented and generate rental income. The zoning is RTAIL.
    Location Intelligence

    Current Use by Public Records

    Anthony's Pizzeria Pizza Restaurant Gloria's Hair & Nail ... Nail Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Eugenias Flowers same day deliver Northlake il, Northlake Florist Concierge

    Location Insight

    • Map
    • Local Demand
    City
    Northlake
    County
    Cook
    State
    Illinois
    Longitude
    -87.895004
    Latitude
    41.907715

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      216 North Ave, Northlake, IL 60164

      Commercial real estate • 2,853 SF
      216 North Ave, Northlake, IL 60164
      View Details

    FAQs

    What type of property is this?
    Storefront property - Pizzeria business for sale in prime Northlake location.
    Where is this storefront property located?
    The property is located at 216 E North Ave Northlake, IL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Established 40-year Pizzeria Business with High Visibility (42k+ daily traffic) on North Avenue.; - Option to purchase the building, which includes 3 units (2 currently rented for income).; - All kitchen equipment included (walk-in refrigerator, freezers, pizza ovens, mixer, etc.).
    (847) 495-5000
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    216 E North Ave Northlake, IL 60164
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    Northlake, IL 60164
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    216 E North Ave Northlake, IL 60164
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