Standalone Restaurant with Outdoor
For Sale
$1,500,000
11055 W Roosevelt Road, Westchester, IL 60154
Newer construction includes seasonal outdoor dining areas and on-site parking.
Property Size3,500 SF
Lot Size0.25 Acres
Price / SF$428.57
Days on Market104
Property Features for 11055 W Roosevelt Road
General Information
Standard status
Active
Size
3,500 SF
Total Parking Spaces
25
Lot size
0.25 Acres
Property subtype
COMMERCIAL
Financials
Asking Price
$2,100,000
Business Included
Yes
Restaurant
Patio
Yes
Liquor License
Yes
Building Details
Building Size
3,500 SF
Year Built
2021
Buildings
1
Listing Agency:
Keller Williams Preferred Realty
(773) 653-6306
Listed By:
Kelley Clute · License #475140785
Source:
Dawnmckennagroup
Added: Apr 20
Changed: Jul 31
Last Checked: Aug 1 at 10:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Preferred Realty
Investment Insights
Based on property information with market context.
Standalone commercial restaurant designed and built for restaurant use, with approximately 3,500 square feet of space, a modern layout, and two outdoor-dining patios. The property was constructed in 2021 and offers a newer setup with minimal deferred maintenance. The layout supports dine-in service, private parties, and varied restaurant concepts.
The property occupies an expansive 11,000 SF lot at 11055 W Roosevelt Road in Westchester, Illinois, with high-visibility signage along busy Roosevelt Rd. Approximately 25 parking spaces provide on-site customer parking. The real estate can accommodate an existing restaurant operation or an alternative concept, subject to applicable requirements.
The property occupies an expansive 11,000 SF lot at 11055 W Roosevelt Road in Westchester, Illinois, with high-visibility signage along busy Roosevelt Rd. Approximately 25 parking spaces provide on-site customer parking. The real estate can accommodate an existing restaurant operation or an alternative concept, subject to applicable requirements.
Key Highlights
- Approximately 3,500 square feet of standalone restaurant space
- 11,000 SF lot at 11055 W Roosevelt Road in Westchester, IL
- Constructed in 2021 with minimal deferred maintenance
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 | $69.3k | $19.80 |
| − Vacancy | −$4.5k | −$1.29 |
| EGI | $64.8k | $18.51 |
| − OpEx | −$16.2k | −$4.63 |
| NOI | $48.6k | $13.88 |
3,500 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$694.2K
$607.5K – $810.0K
NOI $48,597 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$859.3K
$751.9K – $1.00M
NOI $60,152 @ 7.0% cap · market cap 4.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60154, IL
16,895
Population
7,376
Households
2.3
Avg Household Size
48
Median Age
46%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
3,840
Density / Sq Mi
$103,561
Median Household Income
$60,967
Median Earnings
$1,767
Median Rent
$297,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Newer construction includes seasonal outdoor dining areas and on-site parking.
Where is this conventional restaurant located?
The property is located at 11055 W Roosevelt Road Westchester, IL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 3,500 square feet of standalone restaurant space; 11,000 SF lot at 11055 W Roosevelt Road in Westchester, IL; Constructed in 2021 with minimal deferred maintenance
