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    FOR SALE
    Conventional restaurants

    9200 Cermak Rd, Broadview, IL 60155

    12,000 SF Built 1940
    Property ID
    US28-0997984
    9200 Cermak Rd, Broadview, IL 60155 For Sale 1 / 44
    $2,950,000 12,000 SF
    9200 Cermak Rd, Broadview, IL 60155
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    Property summary
    AI-generated overview

    Sawas Old Warsaw Smorgasbord Restaurant and Banquet facility in business for 50 years with established regional attraction located on the ground floor of a 2 story building with approximately 12,000sf with a full basement situated on just over an acre of land at the busy intersection of Cermak Road ... and 17th Avenue with average daily traffic of 31,000 vehicles(as per IDOT) across from a strip center anchored by a Home Depot and Super Target. The parking lots will accommodate in excess of 90 vehicles. Current zoning is C-2 which allows for most uses. The Village of Broadview is very approachable on variances and special uses. Modified bitumen roof updated in 2019; New boiler in 2020. Multiple revenue centers include restaurant with carry out, bar, gaming, multiple banquet rooms for all sizes of meetings, post funeral luncheons and receptions. Top floor has 23 studio apartments. Rare opportunity to own.

    Property profile
    Verified
    Property type Conventional restaurants
    Year built 1940
    Total area 12,000 SF
    UPID US28-0997984
    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
    • Sawa's Old Warsaw Restaurant Restaurant
    • Brookfield Jazz Society Charitable Organization Social Service Agency
    • ATM (BMO Harris Bank) Atm
    3 occupants on record
    Value estimations
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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