Realty Executives Elite

Serving Lemont, IL

Realty Executives Elite

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7400 Archer Road
Justice IL 60458 US

$690,000real estate property listed by Realty Executives real estate property listing

Active Listing ID 11703880
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3,275 sqft
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$690,000real estate property listed by Realty Executives real estate property listing

Active Listing ID 11703880

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 with great cash flow. 5 video gaming terminals, with room for more provided over $100, 000 additional owner income in 2021. 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.

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Property Features

  • Facts
  • Property Type: Commercial
  • Property Sub-type: Other
  • Features
  • Cooling System: Central A/C
  • Roof Type: Tar and Gravel
Listing Changed: 1/19/2023 7:39:45 PM GMT
Source Updated Date: 2/1/2023 6:30:06 AM GMT

Courtesy of: James Chipain, Realty Executives Elite, 6302439500

Listing Source - ListHub

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