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    Turnkey Restaurant Venue with PPA License
    Updated: Apr 14
    Turnkey Restaurant Venue with PPA License

    7455 W Irving Park Road, Chicago, IL 60634

    $949,000
    4,055 sqft · 0.14 AC lot
    Rare opportunity: Fully renovated, turnkey PPA‑licensed venue, including real estate, business, and assets.
    Licenses in place: Includes Public Place of Amusement (PPA), Liquor, and Food licenses for diverse revenue streams.
    Uncommitted VGT‑ready game room allows for favorable terminal operator agreement.
    Fully gut‑rehabbed in late 2024: Features a new dining & bar space (95 seats) and a brand‑new, fully equipped commercial kitchen.
    Dedicated +15‑car parking lot and a 930 SF 3‑bedroom residential unit for additional income.
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    This listing looks promising.

    Here's a quick look at some key insights for

    7455 W Irving Park Road, Chicago, IL 60634

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    • Est. Cap Rate

      7.6%
      Above avg (5.9%)

    • Est. NOI

      $72K
      Annual

    • Price @ 7% Cap

      $1.02M
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1924
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    Hecker Entertainment Hotspot For Sale
    Updated: Apr 15
    Hecker Entertainment Hotspot For Sale

    310 E Back Street, Hecker, IL 62248

    $789,000
    4,820 sqft · 2.25 AC lot
    High‑Capacity Venue: Accommodates 170 guests indoors and approximately 250 outdoors, SUITABLE FOR LARGE EVENTS.
    Established Business: Popular dining and entertainment hotspot with a strong local following and diverse event programming.
    Extensive Outdoor Entertainment Space: Features a LARGE COVERED PATIO (70x20), uncovered patio, gazebos, and a lighted outdoor stage.
    Full‑Service Kitchen: Equipped to handle a high volume of orders (equipment list available upon request).
    Additional Building with Storage: Includes a 2,052 sq ft secondary building with walk‑in refrigeration, providing operational flexibility.
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    Versatile Commercial Space on Corner
    Versatile Commercial Space on Corner

    6363 W Lincoln Highway, Matteson, IL 60443

    $515,000
    6,000 sqft · 0.44 AC lot

    Adaptable commercial space with high visibility and accessibility.

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    Skokie Retail Plaza Opportunity
    Skokie Retail Plaza Opportunity

    3718-3724 Dempster Street, Skokie, IL 60076

    $799,000
    7,500 sqft · 0.27 AC lot

    Six-unit retail plaza with upside potential in Skokie, Illinois.

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    Restaurant and Warehouse Property
    Restaurant and Warehouse Property

    1856 E Broadway, Alton, IL 62002

    $550,000
    7,126 sqft · 1.00 AC lot

    Multi-use building with an operating restaurant storefront, warehouse space, and a shared storage area.

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    Versatile Commercial Property in Apple River
    Versatile Commercial Property in Apple River

    300 W Hickory Street, Apple River, IL 61001

    $695,000
    10,381 sqft · 0.80 AC lot

    Over 10,000 sq ft commercial property with multiple opportunities.

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    Turn-Key Restaurant with Office
    Turn-Key Restaurant with Office

    9180 State Route 140, Hamel, IL 62046

    $489,000
    2,962 sqft · 2.18 AC lot

    Restaurant with indoor dining, banquet space, and an included office building on interstate frontage with strong daily traffic.

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    Restaurant-Ready Commercial Site
    Restaurant-Ready Commercial Site

    1100 S State Route 157, Edwardsville, IL 62025

    $1,350,000
    4,224 sqft · 1.03 AC lot

    A 1.03-acre restaurant site with 4,224 SF building, parking, and frontage along a five-lane highway corridor.

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    Turnkey Restaurant Venue with PPA License
    Turnkey Restaurant Venue with PPA License

    7455 W Irving Park Road, Chicago, IL 60634

    $949,000
    4,055 sqft · 0.14 AC lot

    Fully renovated restaurant with licenses and VGT potential in Chicago.

    View details
    Turnkey Restaurant Venue with Licenses
    Turnkey Restaurant Venue with Licenses

    7455 W Irving Park Road, Chicago, IL 60634

    $949,000
    4,055 sqft · 0.16 AC lot

    Fully renovated restaurant with licenses and residential unit for sale.

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    High-Visibility Mixed-Use Automotive Building
    High-Visibility Mixed-Use Automotive Building

    406 W Carpenter Street, Jerseyville, IL 62052

    $210,000
    2,541 sqft · 0.46 AC lot

    Versatile block building with three sections and a 12-foot overhead door along a state highway with strong daily exposure.

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    Turnkey Restaurant Opportunity in Chicago
    Turnkey Restaurant Opportunity in Chicago

    420 W Belmont Avenue, Chicago, IL 60657

    $649,000
    2,176 sqft · 0.42 AC lot

    Below-market lease in East Lakeview, fully equipped restaurant with assets.

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    Cobden, IL Commercial Property
    Cobden, IL Commercial Property

    8595 US Highway 51, Cobden, IL 62920

    $849,000
    6,000 sqft · 26.10 AC lot

    Southern Illinois property with restaurant and retail potential.

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    Iconic Restaurant & Real Estate Opportunity
    Iconic Restaurant & Real Estate Opportunity

    260 S Milwaukee Avenue, Wheeling, IL 60090

    $799,900
    3,255 sqft · 0.73 AC lot

    Profitable restaurant and prime real estate on Restaurant Row.

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    Fully Leased Mixed-Use Retail and Apartment
    Fully Leased Mixed-Use Retail and Apartment

    211-215 W Railroad Avenue, Bartlett, IL 60103

    $885,000
    0.53 AC lot

    Historic mixed-use property with retail, a freestanding restaurant, and an apartment above, fully leased for immediate occupancy.

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    Turnkey Restaurant with Apartment
    Turnkey Restaurant with Apartment

    105 S Jefferson Street, Millstadt, IL 62260

    $499,000
    16,553 sqft · 0.38 AC lot

    Mixed-use restaurant property with walk-in refrigeration, dedicated storage, and an on-site apartment component.

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    Remodeled Commercial Building with Parking
    Remodeled Commercial Building with Parking

    124 E Oak Knoll Drive, Hampshire, IL 60140

    $320,000
    1,289 sqft · 0.48 AC lot

    Remodeled commercial building on a 0.48-acre lot with Route 72 frontage, ready for office or customer-facing uses.

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    Chicago Motel with Restaurant Building
    Chicago Motel with Restaurant Building

    7621 S Cottage Grove Avenue, Chicago, IL 60619

    $2,300,000
    18,000 sqft · 0.31 AC lot

    34-room motel with separate restaurant in Chatham neighborhood.

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    Freestanding Commercial Building on Century Blvd
    Freestanding Commercial Building on Century Blvd

    333 S Century Boulevard, Rantoul, IL 61866

    $169,900
    1,775 sqft · 0.25 AC lot

    Commercial building with drive-thru on busy Century Blvd in Rantoul.

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    Historic Mixed-Use Building in Belleville
    Historic Mixed-Use Building in Belleville

    18 E Main Street, Belleville, IL 62220

    $299,000
    3,200 sqft · 0.05 AC lot

    Two-story mixed-use building in downtown Belleville's commercial corridor.

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    Mixed-Use Retail and Residential Building
    Mixed-Use Retail and Residential Building

    119 W 3rd Street, Alton, IL 62002

    $699,000
    10,200 sqft · 0.06 AC lot

    Income-producing mixed-use building with a restaurant and bar plus four apartments and an outdoor patio.

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    Mixed-Use Restaurant and Office Building
    Mixed-Use Restaurant and Office Building

    140 N MAIN Street, Edwardsville, IL 62025

    $1,025,000
    0.10 AC lot

    Downtown commercial building with a bar, updated patio, and office space plus additional 3rd-floor lounge area.

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    Springfield Industrial Park Warehouse Building
    Springfield Industrial Park Warehouse Building

    4753 Jeffory Street, Springfield, IL 62703

    $675,000
    1,500 sqft · 2.36 AC lot

    Warehouse building with commercial kitchen space for sale.

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    Historic Restaurant Building
    Historic Restaurant Building

    114 W MARKET Street, Taylorville, IL 62568

    $674,000

    Well-maintained historic restaurant building with soaring tin ceilings and upper-level bar seating in downtown Taylorville.

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    Illinois Restaurants Market Trends and Statistics

    Explore 877 restaurants for sale in Illinois, showcased through 877 active listings on our real estate platform. These investment opportunities span a total of 3,726,395 square feet of properties for sale, with an estimated market value of $549,252,304.

    Sale prices for restaurant properties in Illinois start at $40,000, averaging $1,245,470, and reaching up to $11,500,000 — 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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