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Restaurant Property with Three Bars
For Sale
Contact for pricing
Pending

3231 W 63rd St, Chicago, IL 60629

Improvements include a newer roof, HVAC, restaurant equipment, and a separate banquet room.

Property Size6,800 SF
Days on Market144

Property Features for 3231 W 63rd St

General Information

Standard status Pending
Size 6,800 SF
Property subtype Retail

Additional Details

Business Included Yes
Equipment Included Yes

Amenities

3 full-service bars
banquet room
Listing Agency: Coldwell Banker Commercial NRT Chicago
Listed By: Stewart Morales · License #475.185799
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Sep 1 at 6:00AM

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 Coldwell Banker Commercial NRT Chicago

Investment Insights

Based on property information with market context.

The conventional restaurant property at 3231 W 63rd St, Chicago, IL 60629, includes approximately 6,800 square feet of restaurant space, three full-service bars, and a banquet room. The sale can include the operating business and equipment, or the real estate may be acquired without the business. The restaurant has more than 40 years of operating history, and the property includes a newer roof and HVAC system.

The banquet room provides a separate function area and is identified as a potential source of additional income through leasing to another business. The existing configuration combines restaurant service areas, bar facilities, and banquet capacity within one commercial property.

Key Highlights

  • Approximately 6,800 square feet of restaurant space
  • Three full‑service bars included in the property configuration
  • Banquet room with potential for leasing to another business

Property Analytics

Current Use

Pepe's Mexican Restaurant Restaurant

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Gym & Fitness Center Garden Center Acupuncture

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

Location Intelligence

Trade Area within ½ mile

1,101
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60629, IL

114,453
Population
36,283
Households
3.2
Avg Household Size
33
Median Age
14%
College-Educated
74%
High-School Grad
7.0 sq mi
ZIP Area
16,350
Density / Sq Mi
$58,813
Median Household Income
$34,635
Median Earnings
$1,106
Median Rent
$236,300
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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Improvements include a newer roof, HVAC, restaurant equipment, and a separate banquet room.
Where is this conventional restaurant located?
The property is located at 3231 W 63rd St Chicago, IL.
What are key features of this property?
This property features: Approximately 6,800 square feet of restaurant space; Three full‑service bars included in the property configuration; Banquet room with potential for leasing to another business
More about this property
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