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3259 111th St Chicago, IL 60655-2730

OFF-MARKET Retail space Google Maps
1,200 SF 0.03 ac lot Built 1950
Entity Owned Free & Clear
Estimated value (blended)
$205k
Range $185k – $226k (±10%)
Property ID US28-0645558

Property summary

AI-generated overview

MacKells Inn, a thriving bar located at 3259 W 111th St, Chicago, IL 60655, presents a rare opportunity for ownership. This turnkey operation, newly listed and priced aggressively at $250,000, boasts a 1,500 square foot interior space situated on a 3,040 square foot lot (APN: 24232060840000). The sale includes the business, all necessary licenses, fixtures, and the real estate itself, offering a seamless transition for the new owner. The long-time owner is retiring, making this a unique chance to acquire a well-established and profitable enterprise. The bar features a fully equipped bar area with ample storage, several high-top tables, two bathrooms, additional storage space, and a convenient back exit. Its attractive corner location on 111th Avenue in the Mt. Greenwood neighborhood provides excellent visibility and accessibility. This is an exceptional opportunity to either continue the existing successful business model or implement your own vision. The price per square foot is $166.67. Don't miss this chance to own a piece of Chicago's vibrant bar scene.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 1,200 SF
Lot 0.03 ac (1,350 SF)
APN 24-23-206-084
UPID US28-0645558

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
  • Atm
  • Bar & Pub

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$185k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2026
Last sale
$275,000
6 recorded transactions
2026
$275,000
2021
$200,000
2015
$90,000
2015
Price N/A
2002
Price N/A
2000
$145,000

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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