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    Established Restaurant with Gaming Operation Title is generated by Realmo AI

    5615 W Roosevelt Rd, Cicero, IL

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    Turn-key restaurant with gaming, equipment, and licenses included.

    Type:RETAIL
    Property size:
    6,200 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $190/SF
    Added:
    Mar 4, 2025
    Days on Market:
    489
    Last Refresh:
    May 20 at 8:56 pm

    Property Features for 5615 W Roosevelt Rd

    General Information

    Standard status
    Active
    Size
    6,200 SF
    Lot size
    0.14 Acres
    Property subtype
    RETAIL

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    David Kaplan
    David Kaplan

    Listing office Strauss Realty, Ltd.

    Listing date Mar 4, 2025

    Source Moodyscre

    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 Strauss Realty, Ltd.

    HighLights

    • Turn‑key restaurant business opportunity with all real estate, equipment, and licenses included.
    • Established, profitable business with a loyal customer base and a 67‑year operating history.
    • Significant net operating income (NOI) of approximately $275,000.
    • Successful gaming operation included, netting approximately $200,000 to the owner.
    • Prime location in Cicero.
    • Upside potential through extended hours, menu expansion, or enhanced gaming options.

    Overview

    This is an opportunity to own Sarno’s Restaurant, a local establishment in Cicero with over 67 years of operation. The turn-key restaurant includes a gaming operation. The gaming nets approximately $200,000 to the owner of the $600,000 that the machines gross. Additionally, the restaurant nets approximately $60,000 to $75,000 of the approximately $200,000 to $250,000 in gross sales. The approximate net operating income is $275,000. The real estate, business, and all equipment and licenses are included. The property size is 6,200 square feet.

    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 $148.8k $24.00
    − Vacancy −$10.4k −$1.68
    EGI $138.4k $22.32
    − OpEx −$34.6k −$5.58
    NOI $103.8k $16.74
    6,200 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.48M
    $1.30M – $1.73M (±1% cap)
    NOI $103,788 @ 7.0% cap · market cap 8.80%
    Second Best
    Retail
    $1.23M
    $1.08M – $1.43M (±1% cap)
    NOI $86,057 @ 7.0% cap · market cap 7.30%
    Theoretical Best
    Office A
    $2.14M
    $1.87M – $2.50M (±1% cap)
    NOI $149,840 @ 7.0% cap · market cap 12.71%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Building Supply Dental Office Hotel & Motel Gym & Fitness Center Big Box & Wholesale Store Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Cicero
    County
    Cook
    State
    Illinois
    Longitude
    -87.7652
    Latitude
    41.8654

    FAQs

    What type of property is this?
    Turn key restaurant - Turn-key restaurant with gaming, equipment, and licenses included.
    Where is this turn key restaurant located?
    The property is located at 5615 W Roosevelt Rd Cicero, IL.
    What is the asking price?
    The asking price for this property is $1,179,000.
    What are key features of this property?
    This property features: Turn‑key restaurant business opportunity with all real estate, equipment, and licenses included.; Established, profitable business with a loyal customer base and a 67‑year operating history.; Significant net operating income (NOI) of approximately $275,000.
    (773) 736-3600 Call to check price and availability
    More about this property
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