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    Oak Park, IL Restaurants for Sale

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    Forest Park, IL River Forest, IL Chicago, IL Berwyn, IL Maywood, IL Cicero, IL Melrose Park, IL River Grove, IL
    Established Restaurant Opportunity in Oak Park
    Updated: Jan 7, 2025
    Established Restaurant Opportunity in Oak Park

    848 Madison St, Oak Park, IL

    $845,000
    5,500 sqft 0.16 AC lot
    Locally acclaimed restaurant with nearly 40‑year tenure
    Location in booming Oak Park
    Proximity to transit
    Robust demographics
    Surrounding retail synergy
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    This listing looks promising.

    Here's a quick look at some key insights for

    848 Madison St, Oak Park, IL

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    • Est. Cap Rate

      9%
      Above avg (5.9%)

    • Est. NOI

      $76K
      Annual

    • Mortgage

      $200K
      May 2016

    • Property Type

      Store, Retail Outlet
      Built 1917
    View Property Analytics
    Oak Park Restaurant Investment Opportunity
    Updated: Mar 19
    Oak Park Restaurant Investment Opportunity

    846 Madison St, Oak Park, IL 60302

    $845,000
    5,500 sqft 0.16 AC lot
    Single‑tenant net leased property with Robinson's No. 1 Ribs, a well‑established and award‑winning local restaurant with a lease in place until 2031.
    Triple‑net lease structure provides a hands‑off investment opportunity.
    Located in a robust and highly‑rated (A+ by Niche.com) area of Oak Park, Illinois.
    Excellent location with high visibility on Madison Street, close to major mixed‑use developments and public transit.
    Strong demographics with a high population density and affluent household incomes.
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    Oak Park Ground Lease Opportunity
    Oak Park Ground Lease Opportunity

    11 North Harlem Avenue, Oak Park, IL 60302

    $3,450,000

    Ground lease with corporate tenant in prime Oak Park location.

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    Restaurant Condo with Kitchen
    Restaurant Condo with Kitchen

    107 N Oak Park Ave, Oak Park, IL 60301

    Contact for pricing

    Bank-owned 1st-floor restaurant condo with dining area, prep rooms, and ventilation system plus a small 2nd-floor office.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 4 Active listings in Oak 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.

    Established Banquet Hall with Apartments
    Established Banquet Hall with Apartments

    6155 W FULLERTON Avenue, Chicago, IL 60639

    $1,249,500
    6,000 sqft 0.20 AC lot

    Banquet hall with apartments for additional income in Chicago.

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    Permit-Ready Kitchen & Processing Space
    Permit-Ready Kitchen & Processing Space

    5801 W Dickens Ave, Chicago, IL 60639

    Contact for pricing
    19,401 sqft

    Flexible commercial kitchen configurations with shared loading, offices, and amenities for food production and processing operations.

    View details
    Established Restaurant with Gaming Operation
    Established Restaurant with Gaming Operation

    5615 W Roosevelt Rd, Cicero, IL

    $1,179,000
    6,200 sqft 0.14 AC lot

    Turn-key restaurant with gaming, equipment, and licenses included.

    View details
    Mixed-Use Property with Bar Storefront
    Mixed-Use Property with Bar Storefront

    2345 S Central Avenue, Cicero, IL 60804

    $565,417
    0.09 AC lot

    Mixed-use building includes three two-bedroom residences and an active bar storefront.

    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.

    Land Near Eisenhower Expressway
    Land Near Eisenhower Expressway

    3159 W Madison Street, Chicago, IL 60612

    $250,000
    0.22 AC lot

    Commercial land available near public transportation in Chicago, Illinois.

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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
    Melrose Park Land For Sale
    Melrose Park Land For Sale

    2305 N Mannheim Road, Melrose Park, IL 60164

    $1,100,000

    Commercial land available in Melrose Park, Illinois.

    View details
    Lincoln Park Vacant Land Opportunity
    Lincoln Park Vacant Land Opportunity

    1905 W Fullerton Avenue, Chicago, IL 60614

    $399,900

    Vacant land near Elston/Fullerton/Damen corridor, Lincoln Park/Bucktown border.

    View details

    Off-Market Properties in Oak Park, IL

    Consider similar Off-Market properties in Oak 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.

    11 Harlem Ave
    Restaurants

    11 Harlem Ave, Oak Park, IL 60302

    Value Estimation by Request
    3,500 sqft 0.88 AC lot
    View details
    210 Lake St
    Restaurants

    210 Lake St, Oak Park, IL 60302

    Value Estimation by Request
    6,022 sqft
    View details

    Oak Park, IL Restaurants Market Trends and Statistics

    Explore 6 restaurants for sale in Oak Park, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 11,000 square feet of properties for sale, with an estimated market value of $1,690,000.

    Sale prices for restaurant properties in Oak Park, IL start at $845,000, averaging $845,000, and reaching up to $845,000 — 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

    Drive through restaurants 2
    Conventional restaurants 1

    Demographics Overview

    Population 53K
    Population Growth (5Y) +12.5%
    Median Household Income $109,252
    College Educated 83.3%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    60301 $825K
    60302 $2.1M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Oak Park fall within the 5,000 to 10,000 square foot range.

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