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Conventional Restaurant With Banquet Hall
For Sale
$3,700,000

6501 W IRVING PARK Road, Chicago, IL 60634

Restaurant and banquet facilities accommodate a stated capacity of 700 guests.

Property Size25,000 SF
Price / SF$148
Days on Market838

Property Features for 6501 W IRVING PARK Road

General Information

Standard status Active
Size 25,000 SF
Property subtype COMMERCIAL

Additional Details

Seating Capacity 700

Taxes and HOA fees

Annual Taxes $78,000

Building Details

Building Size 25,000 SF
Listing Agency: Avondale Realty LLC
Listed By: Leszek Gadek · License #475154135
Source: Dawnmckennagroup
Added: May 5, 2024 Changed: Aug 20 Last Checked: Aug 20 at 11:48AM

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 Avondale Realty LLC

Investment Insights

Based on property information with market context.

This 25,000-square-foot commercial property combines a conventional restaurant with a banquet hall. The stated capacity is 700 guests, supporting a substantial dining and event-oriented layout.

The property is located at 6501 W Irving Park Road in Chicago, Illinois 60634.

Key Highlights

  • 25,000‑square‑foot restaurant and banquet property
  • Stated capacity of 700 guests
  • Located at 6501 W Irving Park Road, Chicago, IL 60634

Property Analytics

Current Use

Jolly Inn Restaurant ... Take-out & Catering ATM Atm

Suggested Use

Top Pick Law Firm Auto Parts Store Nursing Home Garden Center Gym & Fitness Center Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

900
Businesses Nearby
165k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 33% Groceries 31% Apparel 27% Shops & Services 6%
Jewel-Osco Groceries
50,945 visits/mo 0.1 miles
T.J. Maxx Apparel
40,713 visits/mo 0.1 miles
McDonald's Dining
29,175 visits/mo 0.5 miles
Burger King Dining
15,386 visits/mo 0.1 miles
Dunkin' Donuts Dining
9,094 visits/mo 0.1 miles

Demographics for 60634, IL

75,694
Population
29,344
Households
2.6
Avg Household Size
41
Median Age
27%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
10,661
Density / Sq Mi
$84,997
Median Household Income
$46,694
Median Earnings
$1,271
Median Rent
$333,900
Median Home Value

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant and banquet facilities accommodate a stated capacity of 700 guests.
Where is this conventional restaurant located?
The property is located at 6501 W IRVING PARK Road Chicago, IL.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: 25,000‑square‑foot restaurant and banquet property; Stated capacity of 700 guests; Located at 6501 W Irving Park Road, Chicago, IL 60634
More about this property
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