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Restaurant with Patio
New
For Sale
$550,000

21420 S Cicero Avenue, Matteson, IL 60443

Commercial Sale, Matteson, IL

Property SizeContact for details
Lot Size1.00 Acre
Days on Market4

Property Features for 21420 S Cicero Avenue

General Information

Property type Commercial Sale
Property subtype Retail
Zoning RTAIL
Directions Lincoln highway to Cicero then south to Promenade way. Right on Promenade - first building on your right past pond.
Subdivision Matteson
Standard status Active
APN 31214010150000
Lot size 1.00 Acre

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 41610

Utilities

Utilities Water Available
Cooling system Central Air

Building Details

Year built 1993
Floors in Building 1
Number of units 1
Building materials Brick, Stone
Listing Agency: ICandy Realty LLC
Listed By: Sandra Hannan
Added: Oct 17 Changed: Oct 19 Last Checked: Oct 20 at 7:06AM
MLS# 12787675

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.

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Investment Insights

Based on property information with market context.

This restaurant property has a cleared interior and an approved plan for a 70-seat restaurant with a bar and outdoor patio seating overlooking a pond. The plan shows a full kitchen, bar backstock area, office, and two restrooms. A full set of plans can be included in the sale. A walk-in freezer and separate exterior cooler convey with the property.

The 1-acre site is at 21420 S Cicero Avenue in Matteson, Illinois. The building was constructed in 1993, has brick and stone construction, and is served by central air. Electrical service is 400 amp, with an 800 amp distribution panel for the kitchen. Water is available, and the zoning designation is RTAIL.

Key Highlights

  • Approved plan for a 70‑seat restaurant with bar and outdoor patio seating
  • Patio seating overlooks a pond
  • 1‑acre site at 21420 S Cicero Avenue, Matteson, IL 60443

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick HVAC Service Garden Center Kitchen & Bath Showroom Storage Facility Bakery Grocery & Convenience Store

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

765
Businesses Nearby
Well-served
Demand for This Use

Demographics for 60443, IL

21,309
Population
8,672
Households
2.5
Avg Household Size
43
Median Age
38%
College-Educated
93%
High-School Grad
11.3 sq mi
ZIP Area
1,886
Density / Sq Mi
$93,941
Median Household Income
$57,463
Median Earnings
$1,377
Median Rent
$229,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - The cleared interior is paired with an approved restaurant plan and commercial refrigeration equipment.
Where is this conventional restaurant located?
The property is located at 21420 S Cicero Avenue Matteson, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Approved plan for a 70‑seat restaurant with bar and outdoor patio seating; Patio seating overlooks a pond; 1‑acre site at 21420 S Cicero Avenue, Matteson, IL 60443
More about this property
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