Turnkey Corner Restaurant with
7455 W Irving Park Road Chicago, IL 60634
7455 W Irving Park Road, Chicago, IL, 60634
$949,000
For Sale
$949,000
COMMERCIAL - Chicago, IL
Property Size4,055 SF
Lot Size0.14 Acres
Price / SF$234.03
Days on Market100
Property Features for 7455 W Irving Park Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 12242020020000
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 16801
Utilities
- Cooling system
- Central Air, Exhaust Fan (Cooling)
Building Details
- Floors in Building
- 2
Listing agency
Pearson Realty Group
(773) 325-2800
Listed by
Thoma Socrates Panos · License #475211627
(773) 325-2800
Added: Apr 14 Updated: Jul 13 at 4:44PM Checked: Jul 22 at 9:06PM
MLS# 12619123
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This for-sale freestanding corner restaurant includes a renovated dining and bar space with seating for 95, along with a brand-new fully equipped commercial kitchen. The kitchen includes pizza ovens, an extended range, stove, prep areas, and a walk-in cooler. The property is presented as a plug-and-play operating shell, and was fully gut-rehabbed in late 2024. The offering includes Real Estate, Business, and Assets, and is described as SBA-compliant.
The venue holds a Public Place of Amusement (PPA) license, along with liquor and food licenses. It is also described as VGT-ready, with the game room currently uncommitted to any gaming operator. A dedicated parking lot is included with +15 spaces, and the site also provides ample street parking.
The total building area is described as 4,055 SF on a 0.16-acre lot, including a 3,125 SF main level and a 930 SF 3-bedroom residential unit for additional income. The location is on W Irving Park Road near Harlem Avenue, with frontage visibility in a densely populated residential corridor, and traffic is described as over 26,000 vehicles per day (VPD). Zoning is listed as COMMR.
The venue holds a Public Place of Amusement (PPA) license, along with liquor and food licenses. It is also described as VGT-ready, with the game room currently uncommitted to any gaming operator. A dedicated parking lot is included with +15 spaces, and the site also provides ample street parking.
The total building area is described as 4,055 SF on a 0.16-acre lot, including a 3,125 SF main level and a 930 SF 3-bedroom residential unit for additional income. The location is on W Irving Park Road near Harlem Avenue, with frontage visibility in a densely populated residential corridor, and traffic is described as over 26,000 vehicles per day (VPD). Zoning is listed as COMMR.
Key Highlights
- 4,055 SF freestanding corner asset on a 0.16‑acre lot with 3,125 SF main level plus a 930 SF 3‑bedroom residential unit
- Fully gut‑rehabbed in late 2024 with new dining & bar space that seats 95 and a brand‑new fully equipped commercial kitchen
- Commercial kitchen includes pizza ovens, extended range, stove, prep areas, and a walk‑in cooler
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.2k | $25.20 |
| − Vacancy | −$6.6k | −$1.64 |
| EGI | $95.5k | $23.56 |
| − OpEx | −$23.9k | −$5.89 |
| NOI | $71.7k | $17.67 |
4,055 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.02M
$895.7K – $1.19M
NOI $71,658 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$967.5K – $1.29M
NOI $77,400 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bije's Pizza
Restaurant
Pro Shop Pizza ...
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Super China Buffet — 4125 Harlem Ave, Norridge, IL 60706
FAQs
What type of property is this?
Conventional restaurant - Fully renovated corner restaurant with PPA, liquor, and food licenses, a commercial kitchen, and seating for 95.
Where is this conventional restaurant located?
The property is located at 7455 W Irving Park Road Chicago, IL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 4,055 SF freestanding corner asset on a 0.16‑acre lot with 3,125 SF main level plus a 930 SF 3‑bedroom residential unit; Fully gut‑rehabbed in late 2024 with new dining & bar space that seats 95 and a brand‑new fully equipped commercial kitchen; Commercial kitchen includes pizza ovens, extended range, stove, prep areas, and a walk‑in cooler
