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Jim Chipain
Realty Executives Elite
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Courtesy of: James Chipain, Realty Executives Elite, 630-243-9500
Courtesy of: James Chipain, Realty Executives Elite, 630-243-9500
$680,000
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Built in 1901
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Mixed Use
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7400 Archer Road Great opportunity for the savvy entrepreneur to purchase long standing, well-established, free-standing, mixed use building offering retail space and residential rental unit. Current use as bar/restaurant provides excellent cash flow. Additional income provided by multiple video gaming terminals, with room for more. This charming and unique bar & restaurant has been part of the community since 1963. Opportunity to keep current business model or change to yours. 3, 275 square feet free standing building houses bar/restaurant and large vacant 2-bedroom apartment, providing opportunity for additional residential income. The real estate includes .75 acres of land composed of two separate parcels. The building is situated on .36 acres with the second parcel being mainly vacant and gravel, consisting of nearly .39 acres. The bar & restaurant has so much history, charm, and character. Turn-key opportunity. 5 video gaming terminals currently, with room for more. Functional kitchen. Full basement allows for additional storage. Large outdoor grass picnic area with stage, perfect for parties, picnics, and music. Expansive outdoor wooden pavilion built in 2019 provides plenty of outdoor seating. Property has been lovingly maintained but being sold "As - Is". Additional information including address, pictures, and financials will only be provided to qualified and vetted buyers. Proof of funds or lender approval letter required. Please do not contact management, staff, or customers directly. Confidentiality agreement to be signed by buyer and agent. On high traffic road with estimated daily traffic counts over 15, 000.
Listings courtesy of MRED as distributed by MLS GRID in accordance with these IDX Rules.
Listings courtesy of Midwest Real Estate Data as distributed by MLS Grid.
Based on information submitted to the MLS GRID as of 05/04/2024 10:24:52 GMT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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