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Remodeled Restaurant with Upstairs Apartment
For Sale
Under Contract
$725,000

3323 Ridge Road, Lansing, IL 60438

Business Opportunity, Lansing, IL

Property SizeContact for details
Lot Size0.18 Acres
Days on Market905

Property Features for 3323 Ridge Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMMR
Directions From 80/94. South on Torrence Ave. East on Ridge to Property. South Side of street.
Subdivision Lansing
Standard status Active Under Contract
APN 30323020050000
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 9738

Utilities

Cooling system Central Air

Building Details

Floors in Building 2
Building materials Wood
Listing Agency: Realty Executives Premier Illinois · Realty Executives International
Listed By: William Kornblum · License #475167449
Added: Apr 11, 2024 Changed: Aug 22 Last Checked: Oct 2 at 4:06AM
MLS# 12027112

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 remodeled conventional restaurant occupies a 0.1784-acre site in Lansing’s Central Business District. The operation includes seating for over 100, a substantial bar, 6 TV’s, and rooms that can be arranged for private parties or events. The full kitchen is equipped with a pizza oven, cooktops, prep space, and coolers. An outdoor patio adds a second bar and additional seating.

The property is located directly across from Fox Point Ampitheater, which hosts concerts and events during the warmer months. More than 100 parking spaces are available behind the building in a city-owned and maintained lot, with additional street parking along the front. An upstairs 3-bedroom apartment is also included. The property is zoned COMMR, has wood construction, and features Central Air.

Key Highlights

  • Remodeled restaurant with seating for over 100 and a large bar
  • 6 gaming machines and 6 TV’s included
  • Full kitchen with pizza oven, cooktops, prep area, and coolers

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Law Firm Auto Parts Store Spa & Massage Center (Bike/Boat/Book/etc) 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.

Lease Details

1
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

637
Businesses Nearby
89k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 41% Groceries 25% Dining 18% Home Improvements & Furnishings 8%
Aldi Groceries
22,307 visits/mo 0.3 miles
Dollar Tree Shops & Services
17,424 visits/mo 0.4 miles
Chase Bank Shops & Services
10,211 visits/mo 0.3 miles
Beggars Pizza Dining
9,772 visits/mo 0.2 miles
Family Dollar Shops & Services
8,677 visits/mo 0.4 miles

Demographics for 60438, IL

29,661
Population
12,230
Households
2.4
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
8.1 sq mi
ZIP Area
3,662
Density / Sq Mi
$72,043
Median Household Income
$44,632
Median Earnings
$1,271
Median Rent
$168,600
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
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Full-service restaurant with a large bar, outdoor patio, commercial kitchen, and event-ready seating areas.
Where is this conventional restaurant located?
The property is located at 3323 Ridge Road Lansing, IL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Remodeled restaurant with seating for over 100 and a large bar; 6 gaming machines and 6 TV’s included; Full kitchen with pizza oven, cooktops, prep area, and coolers
More about this property
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