Restaurant Business with Real
3422 W 95th Street, Evergreen Park, IL 60805
For Sale
$2,590,000
The sale combines an active restaurant operation with ownership of the property.
Property Size5,200 SF
Price / SF$498.08
Days on Market61
Property Features for 3422 W 95th Street
General Information
Standard status
Size
Property subtype
Additional Details
Business Included
Traffic Count
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Listing Agency:
Baird & Warner
(773) 732-8843
Listed By:
Michael Galvan · License #471021529
(708) 460-1400
Source:
Townrealtychicago
Added: Sep 10
Changed: Nov 7
Last Checked: Nov 7 at 7:52PM
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 Baird & Warner
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering pairs an operating restaurant business with the real estate at 3422 W 95th Street in Evergreen Park, Illinois. The property has a well-maintained interior and exterior, according to the supplied property information.
More than 40,000 vehicles travel the adjoining thoroughfare each day. The business and property are being offered together.
More than 40,000 vehicles travel the adjoining thoroughfare each day. The business and property are being offered together.
Key Highlights
- Operating restaurant business and underlying real estate offered together
- More than 40,000 vehicles pass daily on the adjoining thoroughfare
- Located at 3422 W 95th Street in Evergreen Park, Illinois
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,782
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,935,640
$1.9M
Cap Rate 7%
$1,382,600
$1.4M
Cap Rate 9%
$1,075,356
$1.1M
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$137.3K $26.40/SF
− Vacancy
−$8.2K −$1.58/SF
EGI
$129.0K $24.82/SF
− OpEx
−$32.3K −$6.20/SF
NOI
$96.8K $18.61/SF
Area
Chicago, IL
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,935,640
Cap Rate 7%
$1,382,600
Cap Rate 9%
$1,075,356
Alternative Uses
Best Use
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,782 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,625 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
40,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
976
Businesses Nearby
202k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Dining 33%
Groceries 23%
Home Improvements & Furnishings 2%
Binny's Beverage Depot
Groceries
45,515 visits/mo
0.1 miles
Culver's
Dining
28,009 visits/mo
0.4 miles
Speedway
Shops & Services
24,449 visits/mo
0.5 miles
Dollar Tree
Shops & Services
21,476 visits/mo
0.1 miles
Chase Bank
Shops & Services
18,134 visits/mo
0.4 miles
Demographics for 60805, IL
19,945
Population
7,707
Households
2.6
Avg Household Size
39
Median Age
43%
College-Educated
94%
High-School Grad
3.4 sq mi
ZIP Area
5,866
Density / Sq Mi
$95,738
Median Household Income
$55,760
Median Earnings
$1,425
Median Rent
$255,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Restaurants in Cook County, IL
Properties on Market for Restaurants in Cook County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Restaurant - The sale combines an active restaurant operation with ownership of the property.
Where is this restaurant located?
The property is located at 3422 W 95th Street Evergreen Park, IL.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: Operating restaurant business and underlying real estate offered together; More than 40,000 vehicles pass daily on the adjoining thoroughfare; Located at 3422 W 95th Street in Evergreen Park, Illinois
