Mixed-Use Restaurant and
For Sale
Contact for pricing
3248 Grove Ave, Berwyn, IL 60402
Renovated restaurant space with equipped kitchen and a leased 3-bedroom apartment above, zoned C-2.
Property SizeContact for details
Days on Market120
Property Features for 3248 Grove Ave
General Information
Standard status
Active
Property subtype
Mixed Use, Retail
Zoning
C-2
Additional Details
Furnished
Yes
Sprinkler System
Yes
Multifamily Units
1
Building Details
Year Renovated
2017
Listing Agency:
Illinois Real Estate Partners Inc
(630) 560-1001
Listed By:
Stevhanie Schneider · License #IL 475134397
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 7:50AM
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 Illinois Real Estate Partners Inc
Investment Insights
Based on property information with market context.
This mixed-use property includes a renovated restaurant space and a residential apartment on the second level. The former Salerno’s Pizzeria was renovated in 2017 with more than $650,000 in improvements, including a fully equipped kitchen with line setup, an Ansul system, a new sprinkler system, and a fire alarm. The space also features walk-in coolers, a pizza oven, an expanded bar, an open dining room, and a take-out area with its own entrance. All equipment and furnishings are included.
The second level offers a 3-bedroom apartment that is currently leased until November 2022. The property is located in a densely residential area bordered by Loyola Hospital and new medical developments, and the listing notes approximately 20 minutes from Chicago’s Loop. Parking is available in a lot behind the building for tenants and customers.
The restaurant and overall redevelopment potential are supported by C-2 zoning.
The second level offers a 3-bedroom apartment that is currently leased until November 2022. The property is located in a densely residential area bordered by Loyola Hospital and new medical developments, and the listing notes approximately 20 minutes from Chicago’s Loop. Parking is available in a lot behind the building for tenants and customers.
The restaurant and overall redevelopment potential are supported by C-2 zoning.
Key Highlights
- Former Salerno’s Pizzeria fully renovated in 2017 with $650,000+ in improvements
- Restaurant features a fully equipped kitchen setup, in‑place Ansul system, new sprinkler system, and fire alarm
- Includes walk‑in coolers and pizza oven, plus bar and open dining room and a take‑out area with its own entrance
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,957
Businesses Nearby
70k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 33%
McDonald's
Dining
39,211 visits/mo
0.4 miles
Chase Bank
Shops & Services
20,392 visits/mo
0.3 miles
Mr. Submarine
Dining
7,741 visits/mo
0.5 miles
BMO Harris Bank
Shops & Services
2,482 visits/mo
0.5 miles
Demographics for 60402, IL
64,706
Population
25,111
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
85%
High-School Grad
5.7 sq mi
ZIP Area
11,352
Density / Sq Mi
$73,993
Median Household Income
$42,802
Median Earnings
$1,168
Median Rent
$277,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovated restaurant space with equipped kitchen and a leased 3-bedroom apartment above, zoned C-2.
Where is this conventional restaurant located?
The property is located at 3248 Grove Ave Berwyn, IL.
What are key features of this property?
This property features: Former Salerno’s Pizzeria fully renovated in 2017 with $650,000+ in improvements; Restaurant features a fully equipped kitchen setup, in‑place Ansul system, new sprinkler system, and fire alarm; Includes walk‑in coolers and pizza oven, plus bar and open dining room and a take‑out area with its own entrance
