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    7319 Lawrence Ave Harwood Heights, IL 60706

    Sponsored
    For Sale
    $3,250,000

    7,500 SF Restaurant w/ Parking

    Property size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Harwood Heights restaurant, located at 7319 W Lawrence Ave, presents a compelling investment opportunity. Boasting 7,500 square feet of interior space and a substantial 9,650 square feet of net rentable area, this property is ideally situated on a 0.52-acre lot. Built in 2000, the building is fully equipped and ready for immediate occupancy, offering a turnkey solution for restaurant operators. The property benefits from its prime location across from the newly constructed Portillo's, ensuring high visibility and significant foot traffic. Ample parking is available for patrons, enhancing the overall convenience and appeal of the location. The property is zoned B-1, providing flexibility for various uses and potential redevelopment opportunities. The asking price is $3,250,000, translating to a price per square foot of $433.33. This represents a unique chance to acquire a well-established restaurant in a thriving area with significant growth potential. The property's size, location, and existing infrastructure make it an attractive proposition for both established restaurant chains and ambitious entrepreneurs seeking a high-traffic location in a rapidly evolving neighborhood. The Cook County location and easy access from Lawrence Avenue further enhance its desirability. This is a rare opportunity to own a fully operational restaurant with significant upside potential in a prime location.

    Property Features for 7319 Lawrence Ave

    General Information

    Property type
    Restaurants
    Square Feet
    7,500 SF
    Lot Size
    22,651 SF

    Building Details

    Year Built
    2000

    HighLights

    • 7,500 SF interior space and 9,650 SF net rentable area on a 0.52‑acre lot.
    • Turnkey restaurant, built in 2000, ready for immediate occupancy.
    • Prime location across from a new Portillo's, ensuring high visibility and foot traffic.
    • Ample on‑site parking.
    • B‑1 zoning allows for flexibility and redevelopment potential.
    • Asking price: $3,250,000 ($433.33/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Suparossa Carryout & Delivery Pizza Delivery Cucina Biagio Italian Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Harwood Heights
    County
    Cook
    State
    Illinois
    Longitude
    -87.80982164184
    Latitude
    41.967196900535

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    Nearby Similar for Sale

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      Harwood Heights Industrial Buildings For Sale

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    FAQs

    What type of property is this?
    Restaurant - 7,500 SF Restaurant w/ Parking
    Where is this restaurant located?
    The property is located at 7319 Lawrence Ave Harwood Heights, IL.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: 7,500 SF interior space and 9,650 SF net rentable area on a 0.52-acre lot.; Turnkey restaurant, built in 2000, ready for immediate occupancy.; Prime location across from a new Portillo's, ensuring high visibility and foot traffic.
    Request Owner's contact information
    7319 Lawrence Ave Harwood Heights, IL 60706
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    Harwood Heights, IL 60706
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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
    7319 Lawrence Ave Harwood Heights, IL 60706
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