6071 S Archer Ave - Restaurant FOR SALE


Chicago, IL 60638- Garfield Ridge
$1,650,000 USD
872-328-5271
6071 S Archer Ave, Chicago, IL for Sale
$1,650,000 USD
Restaurant - FOR SALE
1/22
null | Request Cap Rate

6071 S Archer Ave
Chicago, IL 60638
Garfield Ridge


HIGHLIGHTS

  • This building is ideal for a Spanish-owned restaurant and has great access to bus lines and is 0.5 miles from Chicago Midway International Airport.
  • It benefits from over 108 feet of frontage along S Archer Avenue at the signalized intersection of Mayfield and Archer.
  • In a great location next to Jewel Osco and among a mix of national and local restaurants like KFC, Danny's Pizza Place, Nicky's Hot Dogs, and others.
  • In close vicinity to AMITA Health Chicago and numerous religious facilities nearby.
  • There is a 2,500-square-foot apartment on the second floor that can easily be converted to office space.

OVERVIEW

6071 S Archer Avenue and S Mayfield Avenue is presented as a last-chance investment or user opportunity before it will be repurposed into something else. The 13,000-square-foot building is ideal for a Spanish-speaking investor as it offers a wide range of flexible opportunities with 13,000 square feet of restaurant/ bar space 10' cilings and 1,000 square feet of basement storage space. Most recently, the building has been used as a banquet hall and restaurant open with a valid liquor and food license, ready for a new owner to take over. The banquet hall can be easily divided into two different spaces, and the building has a total capacity of 400 people. The current tenant has been operating for over 38 years. With assistance from the current owner, the business has a potential of over $1M a year. The second floor features an additional 2,500-square-foot apartment that can be renovated or converted to office space or two apartments. There are 34-36 parking spaces available on-site, too. The property and business are worth $2.5M; this opportunity is presented at the last offer of $1.650,000 Inquire today to make an offer. The owner is motivated by retirement, and this is a one-of-a-kind, lucrative opportunity.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

CROSS STREETS

S Mayfield Ave

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

B3-1

APN/PARCEL ID

19-08-424-103-0000

ASK ABOUT THIS PROPERTY

Jozef CzerwienFlamingo CafeMore Info
872-328-5271

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Jozef CzerwienFlamingo CafeMore Info
872-328-5271

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