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    171 Addison Ave Elmhurst, IL 60126

    Sponsored
    For Sale
    $2,800,000

    Award-winning brewpub, fully renovated, prime location.

    Property size:
    6,653 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional turnkey business opportunity presents the Elmhurst Brewing Company, an award-winning 15-barrel brewpub located at 171 N Addison Ave, Elmhurst, IL 60126. Situated in a prime downtown location, this free-standing property boasts a total of 6,653 square feet on a 10,564 square foot lot. The building underwent a complete, $1.2 million renovation in 2017, resulting in a modern and highly functional space. The property includes a fully equipped commercial kitchen, a spacious beer garden perfect for events and live music, and a large bar featuring impressive stainless steel brewing tanks. Further enhancing the offering is a mezzanine event room with a separate bar, ideal for private functions or overflow dining. The business includes fixtures, furniture, and equipment (FF&E) valued at over $400,000. This established and successful brewpub presents a rare opportunity to acquire a thriving business with significant potential for growth in a desirable location. The asking price for this exceptional property is $2,800,000.

    Property Features for 171 Addison Ave

    General Information

    Property type
    Restaurants
    Square Feet
    6,653 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Elmhurst Brewing Company Brewpub

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elmhurst
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9412123
    Latitude
    41.9024314

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    FAQs

    What type of property is this?
    Restaurant - Award-winning brewpub, fully renovated, prime location.
    Where is this restaurant located?
    The property is located at 171 Addison Ave Elmhurst, IL.
    What is the asking price?
    The asking price for this property is $2,800,000.
    Request Owner's contact information
    171 Addison Ave Elmhurst, IL 60126
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    Elmhurst, IL 60126
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    171 Addison Ave Elmhurst, IL 60126
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