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    1954 W Armitage Ave Chicago, IL 60614

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    For Sale
    $100,000

    Turnkey restaurant with loyal customer base and valuable liquor license.

    Property size:
    810 SF
    Lot size:
    0.14 Acres

    Property Features for 1954 W Armitage Ave

    General Information

    Size
    810 SF
    Lot size
    0.14 Acres

    Source: Be Realty Commercial Agent Mikus Kins

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Restaurant Opportunity For Sale

    This is a turnkey restaurant opportunity with an established reputation, a loyal customer base, and strong online reviews. The property includes a valuable liquor license that allows for expansion of beverage offerings. The property size is 810 square feet and is located at 1954 W Armitage Ave, Chicago, IL.
    Insight Report Location Intelligence

    Current Use by Public Records

    Savannah Luncheonette Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Similar Places Nearby

    SWIG, Dude, Big Caleb's BBQ and Patio, Whiskey Business, Emporium Arcade Bar

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6774237
    Latitude
    41.9180306

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    FAQs

    What type of property is this?
    Bar - Turnkey restaurant with loyal customer base and valuable liquor license.
    Where is this bar located?
    The property is located at 1954 W Armitage Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: - Valuable liquor license: Allows for expansion of beverage offerings; - Turnkey opportunity with a loyal customer base; - Established reputation
    (312) 925-8013
    Request Owner's contact information
    1954 W Armitage Ave Chicago, IL 60614
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    Chicago, IL 60614
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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
    1954 W Armitage Ave Chicago, IL 60614
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