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Remodeled Conventional Restaurant
For Sale
$1,990,000

9845 Lawrence Avenue, Schiller Park, IL 60176

Operating restaurant and bar business with a liquor license, refreshed interior and exterior, and real estate included.

Property Size3,200 SF
Price / SF$621.88
Days on Market842

Property Features for 9845 Lawrence Avenue

General Information

Standard status Active
Size 3,200 SF
Property subtype COMMERCIAL

Additional Details

Business Included Yes
Highway Access Yes
Liquor License Yes

Taxes and HOA fees

Annual Taxes $39,841

Building Details

Building Size 3,200 SF
Listing Agency: REMAX Legends 708-267-0971 Overview Additional information MLS R ID 12065820 Interior features Bedrooms 0 Cooling Yes Exterior features Lot Size 0.45 Acres Other property details Taxes $39,841 Tax Frequency Annually Coldwell Banker Dawn McKenna Group Request a tour Contact agent Request a tour Contact agent Listed by Lydia Memeti with REMAX Legends 708-267-0971
Listed By: Lydia Memeti · License #475137300
Source: Dawnmckennagroup
Added: May 24, 2024 Changed: Sep 8 Last Checked: Sep 11 at 4:21PM

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 REMAX Legends 708-267-0971 Overview Additional information MLS R ID 12065820 Interior features Bedrooms 0 Cooling Yes Exterior features Lot Size 0.45 Acres Other property details Taxes $39,841 Tax Frequency Annually Coldwell Banker Dawn McKenna Group Request a tour Contact agent Request a tour Contact agent Listed by Lydia Memeti with REMAX Legends 708-267-0971

Investment Insights

Based on property information with market context.

This offering combines a conventional restaurant and bar business with the associated real estate. The 3,200-square-foot property has undergone a complete interior and exterior remodel, providing updated finishes throughout the premises. The business is fully operating and includes a liquor license.

The property is located near O’Hare and provides proximity to I-294, I-90, and I-94. The sale includes both the operating business and the real estate, presenting a combined restaurant and property offering.

Key Highlights

  • 3,200 SF conventional restaurant and bar property
  • Fully operating business with liquor license
  • Complete interior and exterior remodeling

Property Analytics

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Current Use

ATM Atm Cafe Mirage Restaurant

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Auto Parts Store (Bike/Boat/Book/etc) Store Garden Center

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

Lease Details

Turnkey business
Opportunity
Yes
Highway access
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

507
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 64% Shops & Services 36%
Bacci Pizzeria Dining
3,956 visits/mo 0.3 miles
7-Eleven Shops & Services
2,226 visits/mo 0.3 miles

Demographics for 60176, IL

11,714
Population
4,423
Households
2.6
Avg Household Size
39
Median Age
28%
College-Educated
87%
High-School Grad
2.5 sq mi
ZIP Area
4,686
Density / Sq Mi
$67,473
Median Household Income
$41,106
Median Earnings
$1,214
Median Rent
$276,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Operating restaurant and bar business with a liquor license, refreshed interior and exterior, and real estate included.
Where is this conventional restaurant located?
The property is located at 9845 Lawrence Avenue Schiller Park, IL.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 3,200 SF conventional restaurant and bar property; Fully operating business with liquor license; Complete interior and exterior remodeling
More about this property
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