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    3259 W 111Th St Chicago, IL 60655

    For Sale
    $250,000

    Business Opportunity - Chicago, IL

    Property size:
    1,350 SF
    Days on Market:
    62
    Last Refresh:
    Dec 14 at 10:06 am

    Property Features for 3259 W 111Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    24232060840000
    Size
    1,350 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    RE/MAX Legends (708) 655-5000 [email protected]

    Listing agent Jaymi Block (630) 216-8000 License #471019251

    Listing date Oct 14, 2025

    MLS# 12452658 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 Bar/Lounge Business Opportunity

    This is an opportunity to acquire both the real estate and business of a long-standing neighborhood bar/lounge in Chicago, Illinois. Located in the Mt. Greenwood neighborhood, the property has been under the same ownership and a staple on 111th Street. The property is suitable for retail, restaurants, storefronts, individual retail, and bar use. The building has 1350 square feet of space and offers strong visibility. It is located in a thriving market and is suitable for an owner-operator or investor. The zoning is COMMR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm Mackells Inn Bar

    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

    Lawlor’s Bar on 111th st, Starbucks, 115 Bourbon Street, Grant's Wonderburger Grill & Gallery, Lawlor's Bar

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7030877
    Latitude
    41.6912017

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    FAQs

    What type of property is this?
    Bar - Bar/lounge with real estate for sale in thriving Chicago market.
    Where is this bar located?
    The property is located at 3259 W 111Th St Chicago, IL.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Opportunity to own both real estate and established business.; - Long-standing neighborhood bar/lounge with strong local reputation.; - Located in the loyal and thriving Mt. Greenwood market.
    (630) 216-8000
    Request Owner's contact information
    3259 W 111Th St Chicago, IL 60655
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    Chicago, IL 60655
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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
    3259 W 111Th St Chicago, IL 60655
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