580 Burnham Ave Calumet City, IL 60409-4001
Property profile & analytics
580 Burnham Ave Calumet City, IL 60409-4001
- Retail space
- 0.08 lot acres
Property ID
US28-4228594
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 580 Burnham Ave
- Year built
- 1988
- Lot size
- 0.08 lot acres
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 30-07-423-011
- APU
- 3007423011
Description
This turnkey restaurant opportunity in Calumet City, Illinois, presents a unique chance to own a well-established business. Located at 580 Burnham Ave, this corner property boasts high visibility due to its prime stop-light location and ample parking. The 5,079 square foot building sits on a 19,280 square foot lot, offering significant potential. The property includes the real estate, building, and equipment, making this a truly all-inclusive acquisition. While the dining room sustained recent fire damage, the kitchen and bathrooms remain intact and the dining area has been cleared, ready for a fresh start. The asking price of $169,000 reflects the necessary renovations. The property has a history as a successful restaurant for over 30 years, and the existing liquor license adds significant value. 2023 property taxes, payable in 2024, totaled $41,651.83. The location offers the potential for video gaming, further enhancing revenue streams. This is a rare opportunity to acquire a fully equipped restaurant in a desirable location at a price comparable to a residential home. Don't miss this chance to establish or expand your restaurant business.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Calumet City
- County
- Cook
- State
- Illinois
- Longitude
- -87.5398
- Latitude
- 41.6188
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$13,892
$5,403
$11,832
$17,235
-
$21,612
$47,328
$68,940
