Building Details

Year Built 2022

Stories 2

Listing Agency: Realty Executives Premier

Listed By: Bill Kornblum · License #475167449

Source: Crexi

Added: Nov 21, 2025 Changed: Oct 1 Last Checked: Oct 4 at 9:46AM

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Investment Insights

Based on property information with market context.

This is a fully stabilized hospitality portfolio built in 2022, situated on 2.5 acres. The retail center generates over $8.7M in combined annual revenue across three synergistic operations. The property includes Bevda’s Wine & Spirits, a modern liquor store with a loyal following, reporting $4.1M in annual sales. Also featured is Chug-A-Lug Bar & Grill, equipped with a full kitchen, rooftop bar, event deck, billiards, gaming, elevator, and rooftop enclosure, generating $4.7M in annual sales. Amchee Nitez @ Chug-A-Lug, currently operating as a private event space, is bundled with Chug-A-Lug. The property has over $2M invested in new furniture, fixtures, equipment & upgrades. Located in a booming south Chicagoland commercial corridor, the site benefits from a daily traffic count of 35,200. The property size is 29000 square feet. The location is considered dominant. The property consists of four parcels. This property is intended for either an owner-user or an investor.

Key Highlights

• High‑volume hospitality portfolio generating $8.7M+ in combined annual revenue.
• Brand‑new (2022) construction with $2M+ in recent upgrades and top‑tier finishes.
• Two proven, high‑grossing concepts: Bevda’s Wine & Spirits ($4.1M sales) and Chug‑A‑Lug Bar & Grill ($4.7M sales).

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$485,460

Cap Rate

4.22%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$9,709,200 $9.7M

Cap Rate 7%

$6,935,143 $6.9M

Cap Rate 9%

$5,394,000 $5.4M

Market Conditions

NOI Build-Up for 29,000 SF

Gross rent

$696.0K $24.00/SF

− Vacancy

−$48.7K −$1.68/SF

EGI

$647.3K $22.32/SF

− OpEx

−$161.8K −$5.58/SF

NOI

$485.5K $16.74/SF

Area

Cook County, IL

Vacancy

7.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$9,709,200

Cap Rate 7%

$6,935,143

Cap Rate 9%

$5,394,000

Alternative Uses

Best Use

Specialty Retail

$6.94M

$6.07M – $8.09M (±1% cap)

NOI $485,460 @ 7.0% cap · market cap 4.22%

Second Best

Retail

$5.75M

$5.03M – $6.71M (±1% cap)

NOI $402,525 @ 7.0% cap · market cap 3.50%

Theoretical Best

Office A

$10.01M

$8.76M – $11.68M (±1% cap)

NOI $700,866 @ 7.0% cap · market cap 6.09%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Hurst Brothers Roofing ... Roofing Company Bevda's Wine & Spirits (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store HVAC Service Barber Shop (Bike/Boat/Book/etc) Store Electrical 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

400

Businesses Nearby

143k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 53% Shops & Services 44% Home Improvements & Furnishings 3%

Delta Sonic Car Wash Shops & Services

32,282 visits/mo 0.3 miles

Culver's Dining

20,179 visits/mo 0.3 miles

Popeyes Louisiana Kitchen Dining

16,768 visits/mo 0.2 miles

Wendy's Dining

15,435 visits/mo 0.2 miles

White Castle Dining

14,938 visits/mo 0.2 miles

Demographics for 60425, IL

8,781

Population

3,526

Households

2.5

Avg Household Size

42

Median Age

37%

College-Educated

94%

High-School Grad

5.6 sq mi

ZIP Area

1,568

Density / Sq Mi

$71,348

Median Household Income

$40,814

Median Earnings

$1,639

Median Rent

$182,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• The Station Pizzeria — 151 N Glenwood Ave, Glenwood, IL 60425
• Juanchos - Homewood — 17949 S Halsted St, Homewood, IL 60430

Frequently Asked Questions

What type of property is this?

Bar & Pub - Fully stabilized, high-volume hospitality portfolio with real estate.

Where is this bar & pub located?

The property is located at 18405 S Halsted St Glenwood, IL.

What is the asking price?

The asking price for this property is $11,500,000.

What are key features of this property?

This property features: High‑volume hospitality portfolio generating $8.7M+ in combined annual revenue.; Brand‑new (2022) construction with $2M+ in recent upgrades and top‑tier finishes.; Two proven, high‑grossing concepts: Bevda’s Wine & Spirits ($4.1M sales) and Chug‑A‑Lug Bar & Grill ($4.7M sales).