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Bar and Pub Real Estate
For Sale
$499,900
Pending

1911 Rice Street, Melrose Park, IL 60160

Business Opportunity, Melrose Park, IL

Property SizeContact for details
Lot Size0.23 Acres
Days on Market168

Property Features for 1911 Rice Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMMR
Directions Take Lake to 19th Ave turn north to Rice turn west the subject property.
Subdivision Melrose Park
Standard status Pending
APN 15033530150000
Lot size 0.23 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 37800

Utilities

Cooling system Central Air

Building Details

Floors in Building 1
Roof type Composition
Listing Agency: Chicagoland Brokers, Inc.
Listed By: Ana Lopez · License #475125114
Added: Apr 13 Changed: Aug 19 Last Checked: Sep 27 at 7:06AM
MLS# 12617319

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This real estate-only offering is classified for commercial use under COMMR zoning. The property occupies 0.2296 acres in Melrose Park, Illinois, and includes central air conditioning and a composition roof.

Key Highlights

  • 0.2296‑acre property in Melrose Park, IL
  • COMMR commercial zoning
  • Central air conditioning

Property Analytics

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Current Use

El Picosito Bar ... Bar & Pub

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Skin Care Clinic Accounting Firm Parking Lot & Garage

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

1,509
Businesses Nearby
Well-served
Demand for This Use

Demographics for 60160, IL

24,776
Population
8,947
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
71%
High-School Grad
4.6 sq mi
ZIP Area
5,386
Density / Sq Mi
$64,740
Median Household Income
$39,722
Median Earnings
$1,194
Median Rent
$265,000
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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Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • D'Tox Bar & Ultra Lounge — 2305 St Charles Rd, Bellwood, IL 60104
  • Right Choice Venue & Bar — 2305 st charles rd, bellwood, il 60104
  • El Dos De Oros — 1910 Main St, Melrose Park, IL 60160
  • Burgundy Room — 117 N 19th Ave, Melrose Park, IL 60160
  • 110 on Broadway — 110 N 19th Ave, Melrose Park, IL 60160

Frequently Asked Questions

What type of property is this?
Bar & Pub - Commercially zoned real estate with central air and a composition roof.
Where is this bar & pub located?
The property is located at 1911 Rice Street Melrose Park, IL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 0.2296‑acre property in Melrose Park, IL; COMMR commercial zoning; Central air conditioning
More about this property
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