Established Pizza Restaurant with Real
For Sale
$499,000
9123 Ogden Ave, Brookfield, IL 60513
Operating restaurant with a commercial kitchen, dining area, equipment, and established food-service operations.
Property Size1,209 SF
Price / SF$412.74
Days on Market49
Property Features for 9123 Ogden Ave
General Information
Standard status
Active
Size
1,209 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Highway Access
Yes
Equipment Included
Yes
Listing Agency:
Coldwell Banker Realty
Listed By:
Kyle Capone
(847) 866-8200
Source:
Bktchicago
Added: Aug 30
Changed: Oct 10
Last Checked: Oct 7 at 3:09PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This conventional restaurant offering includes the operating business and real estate at 9123 Ogden Ave. The property contains a fully operational kitchen, dining area, and the equipment needed for continued restaurant service. The menu has included pizza, wraps, sandwiches, and pasta, with operations established for more than 30 years under family ownership.
The restaurant occupies three lots along Ogden Avenue and Route 66, with parking for 20+ cars. The sale combines the food-service operation with the underlying property and includes the existing furnishings and restaurant equipment. Additional on-site revenue uses are referenced subject to the right approval.
The restaurant occupies three lots along Ogden Avenue and Route 66, with parking for 20+ cars. The sale combines the food-service operation with the underlying property and includes the existing furnishings and restaurant equipment. Additional on-site revenue uses are referenced subject to the right approval.
Key Highlights
- Operating restaurant business offered with real estate
- Fully operational kitchen, dining area, and restaurant equipment
- More than 30 years of family‑owned restaurant operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,239
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,780
$404.8K
Cap Rate 7%
$289,129
$289.1K
Cap Rate 9%
$224,878
$224.9K
Market Conditions
NOI Build-Up for 1,209 SF
Gross rent
$29.0K $24.00/SF
− Vacancy
−$2.0K −$1.68/SF
EGI
$27.0K $22.32/SF
− OpEx
−$6.7K −$5.58/SF
NOI
$20.2K $16.74/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,780
Cap Rate 7%
$289,129
Cap Rate 9%
$224,878
Alternative Uses
Best Use
Specialty Retail
$289.1K
$253.0K – $337.3K
NOI $20,239 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$417.4K
$365.2K – $487.0K
NOI $29,219 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60513, IL
19,514
Population
8,025
Households
2.4
Avg Household Size
40
Median Age
42%
College-Educated
94%
High-School Grad
3.2 sq mi
ZIP Area
6,098
Density / Sq Mi
$108,527
Median Household Income
$63,410
Median Earnings
$1,334
Median Rent
$314,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant with a commercial kitchen, dining area, equipment, and established food-service operations.
Where is this conventional restaurant located?
The property is located at 9123 Ogden Ave Brookfield, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Operating restaurant business offered with real estate; Fully operational kitchen, dining area, and restaurant equipment; More than 30 years of family‑owned restaurant operations
