7725 W Belmont Ave - Restaurant FOR SALE


Elmwood Park, IL 60707
$1,399,000 USD
815-761-8334
7725 W Belmont Ave, Elmwood Park, IL for Sale
$1,399,000 USD
Restaurant - FOR SALE
1/13
null | Request Cap Rate

7725 W Belmont Ave
Elmwood Park, IL 60707


OVERVIEW

Tony D’s, located at 7725 W Belmont Ave, Elmwood Park, Illinois, offers a distinctive investment opportunity by combining a well-established business with a prime location and a versatile business model. This property, which was re-concepted in 2021, is strategically positioned at the bustling intersection of W Belmont Ave and Harlem Ave, presenting a significant value proposition with its blend of high gaming revenue, versatile facilities, and broad usability that appeals to various business concepts. Elmwood Park provides an ideal backdrop for this investment, characterized by its robust local economy and a demographic profile that supports high levels of discretionary spending. The property’s location in a dense and economically vibrant area enhances its appeal as a commercial hub. The proximity to major thoroughfares and public transit options increases its accessibility and visibility, crucial factors in attracting both regular patronage and passing trade. The property spans 5,350 square feet, including a spacious dining area that accommodates 90 indoor seats and 25 outdoor seats. This configuration supports the existing restaurant and bar business while also offering potential for additional revenue streams. The high gaming volume, which generated $161,355 in revenue in the previous year, is a significant contributor to the business’s income, and the property’s setup is conducive to further expanding this revenue stream. Additionally, the space is versatile enough to accommodate events, providing an additional income opportunity. Elmwood Park’s demographic profile, with a high rate of employment and above-average household incomes, suggests a favorable environment for both casual dining and nightlife. The property’s layout is well-suited for hosting events, making it a popular spot for gatherings in the community. There is significant potential to expand the current business model to include more diverse dining options, such as introducing new menu items or themed nights, which could cater to wider tastes and attract a broader customer base. The recent upgrades have equipped Tony D’s with modern facilities and a design that meets current market expectations for style and functionality. New owners will benefit from a turnkey operation where much of the initial setup and design work has already been completed to a high standard. This allows them to focus on business growth and enhancing operational efficiency from day one. Investing in Tony D’s offers more than just a traditional restaurant space; it provides a multi-faceted business environment in a key location with significant growth potential. Whether continuing with the current business model or introducing new concepts, this property promises to be a profitable venture for any discerning investor. Its ability to adapt to various uses, combined with the existing high-quality facilities and the vibrant local market, makes it a standout opportunity in the Elmwood Park real estate and business landscape.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

-

APN/PARCEL ID

12-25-105-044-0000

ASK ABOUT THIS PROPERTY

Ted AretosEatz & AssociatesMore Info
815-761-8334

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Ted AretosEatz & AssociatesMore Info
815-761-8334

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