Turnkey Restaurant Venue with PPA
7455 W Irving Park Road, Chicago, IL 60634
- Added:
- Apr 14, 2026
- Days on Market:
- 30
- Last Refresh:
- May 13 at 11:06 pm
Property Features for 7455 W Irving Park Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- 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
- Exhaust Fan (Cooling), Central Air
Building Details
- Floors in Building
- 2
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# 12619123
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.
HighLights
- Rare opportunity: Fully renovated, turnkey PPA‑licensed venue, including real estate, business, and assets.
- Licenses in place: Includes Public Place of Amusement (PPA), Liquor, and Food licenses for diverse revenue streams.
- Uncommitted VGT‑ready game room allows for favorable terminal operator agreement.
- Fully gut‑rehabbed in late 2024: Features a new dining & bar space (95 seats) and a brand‑new, fully equipped commercial kitchen.
- Dedicated +15‑car parking lot and a 930 SF 3‑bedroom residential unit for additional income.
- Prime location on Irving Park Road near Harlem Avenue with high visibility (26,000+ VPD).
Overview
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 offering includes the real estate, business, and assets. The 4,055 square foot freestanding corner asset includes liquor and food licenses, enabling the owner to collect cover charges or donations for ticketed events, raffles, live music, comedy, and more, creating multiple revenue streams. The VGT-ready game room is currently uncommitted to any gaming operator, giving a new owner 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 frontage on Irving Park Road near Harlem Avenue and the Harlem-Irving Plaza (HIP), capturing high visibility from over 26,000 vehicles per day within a densely populated residential corridor. The property functions as a clean, SBA-compliant operating shell primed for immediate occupancy.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Bije's Pizza
Restaurant
Pro Shop Pizza ...
Restaurant
Similar Places Nearby
- Ovy Signature Catering — 7035 W Addison St, Chicago, IL 60634
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?
Restaurant - Fully renovated restaurant with licenses and uncommitted VGT potential.
Where is this 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: Rare opportunity: Fully renovated, turnkey PPA‑licensed venue, including real estate, business, and assets.; Licenses in place: Includes Public Place of Amusement (PPA), Liquor, and Food licenses for diverse revenue streams.; Uncommitted VGT‑ready game room allows for favorable terminal operator agreement.
