9200 Cermak Rd Broadview, IL 60155-4728
This exceptional investment opportunity presents a unique blend of commercial and residential real estate. Located at the high-traffic intersection of Cermak Road and 17th Avenue in Broadview, Illinois, this property boasts a prominent position across from a Home Depot and Super Target, benefiting from an average daily traffic count of 31,000 vehicles (per IDOT). The main building, a two-story structure encompassing approximately 12,000 square feet, includes a full basement and ample parking for over 90 vehicles. The ground floor houses the renowned Sawas Old Warsaw Smorgasbord Restaurant and Banquet facility, a well-established business operating successfully for 50 years. This multi-faceted operation includes a restaurant with carry-out, a bar, gaming facilities, and multiple banquet rooms catering to various events, from small meetings to large receptions. The upper floor comprises 23 studio apartments, generating additional revenue streams. The property sits on just over an acre of land and is zoned C-2, allowing for a wide range of potential uses. The Village of Broadview is known for its cooperative approach to variances and special use permits. Recent improvements include a modified bitumen roof replacement in 2019 and a new boiler installation in 2020. This is a rare chance to acquire a well-established, multi-revenue-generating property with significant upside potential in a prime location. The property's history, established clientele, and versatile zoning make it an attractive investment for discerning buyers.
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Sawa's Old Warsaw Restaurant Restaurant
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Brookfield Jazz Society Charitable Organization Social Service Agency
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ATM (BMO Harris Bank) Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.