Current Use by Public Records
- Retail properties & Spaces
Property Details for 14201 Doctor M.l.k. Jr Dr
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This 5,500 square foot retail property in Dolton, IL, at 14201 Doctor M.L.K. Jr Dr, is a fully equipped restaurant with a long-term tenant. The asking price is $399,000 ($72.55/sq ft). The property sits on a 7,000 square foot lot and is zoned B-1. The main space is approximately 4,300 square feet and houses a well-established breakfast and lunch restaurant with over 40 years of operation, serving a loyal customer base in Chicago, the Southeast Suburbs, and Northwest Indiana. An additional approximately 1,200 square feet is leased to a long-term tenant, providing supplemental income. The sale includes the real estate, the established business, all equipment, a fully equipped kitchen, inventory, furniture, fixtures, and the business's established reputation. Recent updates include new RTUs, furnaces, and water heaters. This turnkey opportunity allows for immediate operation of the existing restaurant or conversion to a new concept. The property presents a unique investment opportunity combining a thriving business with valuable real estate. The sale includes all business assets and proprietary information.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dolton
- County
- Cook
- State
- Illinois
- Longitude
- -87.6076
- Latitude
- 41.637
