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7319 Lawrence Ave Harwood Heights, IL 60706

OFF-MARKET Specialty properties Google Maps
7,500 SF 0.52 ac lot Built 2000
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

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 profile

Verified
Property type Specialty properties
Year built 2000
Total area 7,500 SF
Lot 0.52 ac (22,651 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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