Standalone Restaurant with
For Sale
$1,500,000
11055 W Roosevelt Road, Westchester, IL 60154
Two outdoor dining areas provide additional space for seasonal guest service.
Property Size3,500 SF
Lot Size0.25 Acres
Price / SF$428.57
Days on Market196
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
Property Condition
Severity
Repairs Needed
Evidence
all minimal deferred maintenance setup
Restaurant
Patio
Yes
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Asking Price
$1,700,000
Road Access
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$23,762
Building Details
Building Size
3,500 SF
Year Built
2021
Listing Agency:
Keller Williams Preferred Realty
(773) 653-6306
Listed By:
Kelley Clute · License #475140785
(773) 802-0142
Source:
Purveyproperties
Added: Apr 20
Changed: Oct 31
Last Checked: Oct 31 at 3:37AM
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
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Investment Insights
Based on property information with market context.
Built in 2021, this standalone restaurant contains 3,500 square feet configured for restaurant use. Two outdoor dining patios complement the interior, and the property includes approximately 25 parking spaces on an 11,000-square-foot lot.
The property is at 11055 W Roosevelt Road in Westchester, Illinois. Its existing restaurant layout can support dine-in service and private parties. The sale also includes an active liquor license; closed liquor is offered separately.
The property is at 11055 W Roosevelt Road in Westchester, Illinois. Its existing restaurant layout can support dine-in service and private parties. The sale also includes an active liquor license; closed liquor is offered separately.
Key Highlights
- 3,500‑square‑foot restaurant building constructed in 2021
- Two outdoor dining patios
- Approximately 25 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,597
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$971,940
$971.9K
Cap Rate 7%
$694,243
$694.2K
Cap Rate 9%
$539,967
$540.0K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$69.3K $19.80/SF
− Vacancy
−$4.5K −$1.29/SF
EGI
$64.8K $18.51/SF
− OpEx
−$16.2K −$4.63/SF
NOI
$48.6K $13.88/SF
Area
Springfield, IL
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$971,940
Cap Rate 7%
$694,243
Cap Rate 9%
$539,967
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two outdoor dining areas provide additional space for seasonal guest service.
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: 3,500‑square‑foot restaurant building constructed in 2021; Two outdoor dining patios; Approximately 25 parking spaces
