Justice, IL 60458 7400 Archer Road

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Presented By: Realty Executives Elite
  • MLS# 12084932
  • 06/14/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • SQFT • 3,275

Home Details

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". 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.
Presented By: Realty Executives Elite

General for 7400 Archer Road

Additional Parcels Y/NYes
CityJustice
Construction MaterialsWood Frame
CoolingCentral Air
CountyCook
Days on Market6
DirectionsFrom Harlem Ave., turn west on 79th St. and then right, or north, on Archer. Proceed to property.
ElectricCircuit Breakers
Electric Expense
Fuel Expense
Gross Income
Insurance Expense
Lot Size Square Feet15667
MLS AreaJustice
NumberOfUnitsTotal2
PossessionClosing
Property SubTypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
RoofTar and Gravel
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount11670
Tax Year2022
Tenant PaysAir Conditioning, Electricity, Heat, Taxes, Insurance, Repairs, Roof, Scavenger, Sewer
Trash Expense0
Water Sewer Expense0
Year Built1901
ZoningCOMMR

Exterior for 7400 Archer Road

Building Area Total3275
Lot Dimensions.36

Additional Details

Price History

Worth Clark

Price $650,000
MLS#12084932
List Date 06/14/2024
Property Type Commercial
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