4275 W Grand Ridge Rd - Specialty FOR SALE


Verona, IL 60479
$1,599,000 USD
815-474-6670
4275 W Grand Ridge Rd, Verona, IL for Sale
$1,599,000 USD
Specialty - FOR SALE
1/64
null | Request Cap Rate

4275 W Grand Ridge Rd
Verona, IL 60479


HIGHLIGHTS

  • EJ Karz Restaurant and Bar is a high-volume restaurant/ bar/ entertainment venue with a loyal customer base and new customers daily.
  • The restaurant seats 60 people, the indoor bar seats 24, and the outdoor seating can accommodate 300+ patrons.
  • There is a large, fully equipped commercial-kitchen with an efficient layout.
  • On-site parking is abundant with plenty of spaces and additional yardage.

OVERVIEW

Century 21 is pleased to present the one-of-a-kind opportunity to acquire 4275 W Grand Ridge Road, home to the well-established EJ Karz Restaurant and Bar. The owners of this establishment have decided to retire, creating an opportunity for a buyer to purchase a high volume restaurant-bar that is very profitable. EJ Karz is the combination of a busy restaurant with a 60-seat dining room, a spacious bar that seats 24 with plenty of room for a standing crowd, and an outdoor bar in a recently constructed pavilion which is nestled in the shade of tall oak trees, and offers seating for 260 people. The 6,400-square-foot restaurant/bar building, outdoor bar and seating area, and large parking lot is on 3.7 acres with lush green grass and towering oak trees. The fully equipped commercial-kitchen is spotless and provides plenty of room in an efficient layout for high volume food sales. The beautiful bar and back bar is laid-out for high volume and features a beer cooler that has glass doors from the walk-in cooler making restocking the bar a breeze. The video gaming machines add additional profit. There is a covered front deck on the building that seats 40+ people and a balcony on the back of the building that overlooks the stage, outdoor seating area and huge concrete patio. There is also a large basement with high ceilings and poured concrete walls that opens to the back patio. The basement is not currently used by customers or for events, but has been in the past. EJ Karz draws patrons from a very large area and has had events with live music and over 1,000 people in attendance. If you are looking for a very profitable, turn-key food and beverage business, you need look no further. This business is closed on Mondays and during summer holidays, so there would be additional revenue and profit for new owner who wants to be open seven days a week and on summer holidays. The sale will include the business class C and package liquor licenses. Feel free to check out this business as a customer; the food is delicious, the drinks are cold, the service is friendly, and the relaxed atmosphere is great. Then make an appointment to tour the business with a real estate broker on a Monday, or before or after business hours.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

EJ Karz Restaurant & Bar

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

3.7 AC

LAND SF

161,172 SF

ZONING

-

APN/PARCEL ID

07-23-200-002,07-23-200-003

ASK ABOUT THIS PROPERTY

Shawn HornsbyCentury 21 Coleman-HornsbyMore Info
815-474-6670

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Shawn HornsbyCentury 21 Coleman-HornsbyMore Info
815-474-6670

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.