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Property profile & analytics
OFF-MARKET
Commercial real estate

4275 Grand Rdg Rd Verona, IL 60479-8008

3,200 SF 2.2 ac lot
Individually Owned 13-yr Hold Absentee Owner Free & Clear
Property ID
US28-1752000
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 3,200 SF
Lot 2.2 ac (95,832 SF)
APN 07-23-200-003
UPID US28-1752000
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • EJ Karz Bar & Pub
  • EJ CARZ Bar & Pub Restaurant
  • ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Edward Madsen · 13 yrs held
Edward Madsen
since 2012
2 recorded transactions
2012
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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