4275 Grand Rdg Rd Verona, IL 60479-8008
This exceptional Verona, IL property offers a high-volume, profitable restaurant and bar business on 3.7 acres. The 6,400 square foot building features a 60-seat dining room, a 24-seat bar with ample standing room, and a recently constructed outdoor pavilion with seating for 260 under mature oak trees. A fully equipped, spotless kitchen is designed for high-volume food service. The bar boasts a high-volume layout and a convenient beer cooler. Video gaming machines provide additional revenue streams. The property includes a covered front deck (40+ seats), a rear balcony overlooking the outdoor seating and patio, and a large, high-ceilinged basement with poured concrete walls (previously used for events). The business benefits from a large customer base and has hosted events with over 1,000 attendees. Included in the sale are Class C and package liquor licenses. The current owners are retiring, presenting a unique opportunity for a buyer to acquire a turnkey operation with significant growth potential. The business is currently closed on Mondays and during summer holidays, offering further revenue opportunities for a new owner. The asking price is $1,599,000.
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EJ Karz Bar & Pub
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EJ CARZ Bar & Pub Restaurant
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ATM Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
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Risks
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