7455 W Irving Park Road Chicago, IL 60634
COMMERCIAL - Chicago, IL
Type:Retail
Property size:
4,055 SFLot size:
0.14 AcresPrice / SF:
$234/SF- Added:
- Apr 14, 2026
- Days on Market:
- 17
- Last Refresh:
- Apr 30 at 5:06 pm
Property Features for 7455 W Irving Park Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- COMMR
- Standard status
- Active
- APN
- 12242020020000
- Size
- 4,055 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 16801
Utilities
- Cooling system
- Central Air, Exhaust Fan (Cooling)
Building Details
- Year built
- 1924
- Floors in Building
- 2
- Number of units
- 1
Listing agent Thoma Socrates Panos License #475211627 (773) 325-2800
Listing office Pearson Realty Group 1000 N. MILWAUKEE AVE, Chicago, IL (773) 325-2800
Listing date Apr 14, 2026
MLS# 12617645
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.
Overview
Turnkey Restaurant Venue with PPA
This is a rare turnkey opportunity for an operator or investor seeking a fully renovated venue with Public Place of Amusement (PPA) license and uncommitted Video Gaming Terminal (VGT) potential. The property includes real estate, business, and assets. Unlike standard restaurant offerings, this 4,055 square foot freestanding corner asset includes a PPA, liquor, and food license, enabling the owner to collect cover charges or donations for ticketed events, raffles, live music, comedy, and more, creating multiple high-margin revenue streams beyond traditional food and beverage. The VGT-ready game room is currently uncommitted to any gaming operator, giving a new owner full leverage to negotiate their own terminal operator agreement and signing incentives. The restaurant was fully gut-rehabbed in late 2024, offering a new dining and bar space that seats 95 and a brand-new fully equipped commercial kitchen featuring pizza ovens, extended range, stove, prep areas, and a walk-in cooler. Situated on a 0.16-acre lot, the property features a 3,125 square foot main level, a dedicated +15-car parking lot with ample street parking, and a 930 square foot 3-bedroom residential unit for additional income. The site offers prime frontage on Irving Park Road near Harlem Avenue and the Harlem-Irving Plaza (HIP), capturing high visibility from over 26,000 vehicles per day (VPD) within a densely populated residential corridor. The property functions as a clean, SBA-compliant operating shell primed for immediate occupancy, facilitating a seamless acquisition of all existing licenses and FF&E.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Bije's Pizza
Restaurant
Pro Shop Pizza ...
Restaurant
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.8143646
- Latitude
- 41.9523446
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Fully renovated restaurant with licenses and uncommitted VGT potential.
Where is this conventional restaurant located?
The property is located at 7455 W Irving Park Road Chicago, IL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Turnkey, fully renovated restaurant, pizzeria, and bar with a Chicago PPA liquor license and seating for 95 patrons.; Includes a 930 SF, three‑bedroom residential apartment providing a secondary income stream.; Prime location on Irving Park Road with high traffic counts and proximity to Harlem‑Irving Plaza (HIP).
