Realty Executives Elite

Jim Chipain

Jim Chipain

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7400 Archer Road
Justice IL 60458

$714,900real estate property listed by James Chipain

Active Listing ID 11285254

$714,900real estate property listed by James Chipain

Active Listing ID 11285254
Save

7400 Archer Road Own your piece of timeless Americana! Great opportunity for the savvy entrepreneur in the Near South-West Suburbs to purchase long standing, well-established, turn-key, free-standing bar & restaurant with 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! The sale offering includes the assets of the business AND the underlying real estate. 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 business with great cash flow. 5 video gaming terminals, with room for more. Over $100, 000+ additional owner income in video gaming alone in 2021. Functional kitchen. Sale includes all tables, chairs, fixtures, and equipment. Full basement allows for additional storage. Large outdoor grass picnic area with large stage, perfect for parties, picnics, and music. Expansive new 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. Highly confidential. 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.

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Property Features

  • Facts
  • Property Type: Business Opportunity
  • Features
  • Cooling System: Central Air
  • Roof Type: Tar and Gravel

Property

  • AdditionalParcelsYN: True
  • City: Justice
  • Cooling: Central Air
  • CountyOrParish: Cook
  • DaysOnMarket: 203
  • Directions: From Harlem Ave., turn west on 79th St. and then right, or north, on Archer. Proceed to property.
  • InternetAddressDisplayYN: True
  • InternetEntireListingDisplayYN: True
  • ListingId: MRD11285254
  • ListOfficeName: Realty Executives Elite
  • ListPrice: 714900
  • LotSizeDimensions: .36
  • ModificationTimestamp: 06/30/2022 19:31:02
  • OriginalEntryTimestamp: 12/11/2021 04:01:05
  • ParcelNumber: 18261090370000
  • PhotosChangeTimestamp: 06/30/2022 19:29:03
  • PhotosCount: 7
  • PostalCode: 60458
  • PropertyType: Business Opportunity
  • Roof: Tar and Gravel
  • StandardStatus: Active
  • StateOrProvince: IL
  • StreetName: Archer
  • StreetNumber: 7400
  • StreetSuffix: Road
  • TaxAnnualAmount: 10721
  • TaxYear: 2020
  • WaterfrontYN: False
Listing Changed: 6/30/2022 7:31:02 PM GMT
Source Updated Date: 10/5/2022 3:11:44 PM GMT

Courtesy of: James Chipain, Realty Executives Elite, 630-243-9500

Listings courtesy of MRED as distributed by MLS GRID in accordance with these IDX Rules.

The accuracy of all information, regardless of source, including but not limited to square footage and lot sizes, is deemed reliable but not guaranteed or warranted. All information should be independently verified through personal inspection by and/or with the appropriate professionals.

Based on information submitted to the MLS GRID as of 10/05/2022 15:11:44 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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