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    Melrose Park, IL
    Restaurants

    Melrose Park, IL Restaurants for Sale

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    Bellwood, IL Maywood, IL Franklin Park, IL River Grove, IL River Forest, IL Hillside, IL Elmwood Park, IL Westchester, IL
    Bar and Pub with Central Air
    Updated: Apr 13
    Bar and Pub with Central Air

    1911 Rice Street, Melrose Park, IL 60160

    $499,900
    0.23 AC lot
    0.2296‑acre lot
    Zoned COMMR
    Central air
    Composition roof
    Real estate only offering
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    Restaurant and Bar For Sale
    Updated: Apr 13
    Restaurant and Bar For Sale

    1911 Rice Street, Melrose Park, IL 60160

    $499,900
    For‑sale restaurant and bar at 1911 Rice Street in Melrose Park, Illinois
    Central air cooling
    Cook County location
    Directions: Take Lake to 19th Ave, turn north to Rice, then go west to the subject property
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 2 Active listings in Melrose Park, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey Former Restaurant Space
    Turnkey Former Restaurant Space

    8341 Grand Ave, River Grove, IL 60171

    Contact for pricing
    6,080 sqft

    Freestanding former restaurant space remodeled in 2021 with three kitchens, two dining rooms, and an all-season banquet room.

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    Turnkey Restaurant in River Grove
    Turnkey Restaurant in River Grove

    8347 Grand Avenue, River Grove, IL 60171

    Contact for pricing
    2,850 sqft

    Freestanding 2,850 SF restaurant property ready for immediate occupancy.

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    Four-Unit Restaurant Property
    Four-Unit Restaurant Property

    400 Lake Street, Maywood, IL 60153

    $649,000

    Four commercial units house two businesses supported by long-term lease commitments.

    View details
    Second-Generation Drive-Thru Restaurant
    Second-Generation Drive-Thru Restaurant

    1001 W Roosevelt Rd, Maywood, IL 60153

    Contact for pricing

    Second-generation restaurant suite features an existing drive-thru and pylon signage, with 18 dedicated parking spaces.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Melrose Park Land For Sale
    Melrose Park Land For Sale

    2305 N Mannheim Road, Melrose Park, IL 60164

    $1,099,000

    Commercial land available in Melrose Park, Illinois.

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    Addison Land For Sale
    Addison Land For Sale

    133 E Lake Street, Addison, IL 60101

    $999,999
    0.89 AC lot

    Located in the heart of Addison, zoned B2.

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    Transit-Accessible Commercial Land
    Transit-Accessible Commercial Land

    3159 W Madison Street, Chicago, IL 60612

    $250,000
    0.22 AC lot

    COMMR-zoned parcel with access to CTA rail and bus service.

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    Vacant Lot in Chicago
    Vacant Lot in Chicago

    3153 W Madison Street, Chicago, IL 60612

    $125,000
    0.11 AC lot

    Development opportunity in East Garfield Park near Madison Street.

    View details

    Off-Market Properties in Melrose Park, IL

    Consider similar Off-Market properties in Melrose Park, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1801 North Ave
    Restaurants

    1801 North Ave, Melrose Park, IL 60160

    Value Estimation by Request
    30,000 sqft
    View details
    825 North Ave
    Restaurants

    825 North Ave, Melrose Park, IL 60160

    Value Estimation by Request
    2,456 sqft 0.51 AC lot
    View details

    Melrose Park, IL Restaurants Market Trends and Statistics

    Explore 4 restaurants for sale in Melrose Park, IL on our real estate platform.

    Sale prices for restaurant properties in Melrose Park, IL average $499,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 2
    Conventional restaurants 2
    Drive through restaurants 1

    Demographics Overview

    Population 55K
    Population Growth (5Y) -3.2%
    Median Household Income $71,815
    College Educated 15.4%

    High-Yield Neighborhoods for Investment

    Identify Melrose Park submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60160 $499.9K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

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