7400 Archer Road, Justice, IL 60458
New

36 Photos
 
$630,000
Active for Sale
 
Listing ID 11431004
Property Type Commercial
County Cook
Township Lyons
Neighborhood Justice
Unit 7400
Total Tax $11,670
Tax ID 18261090370000
FEMA Flood Map fema.gov/portal
Year Built 1901
Virtual Tour
This listing has a famous history tied to legends of famous stories! Great opportunity for an air b & b, bar restaurant business. Lease potential for 2 apartments at 1,000 per month each... 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.
Property Details
  • 15667 SF Lot
  • Built in 1901
  • Unit 7400
  • 3 Units
  • Additional Parcels: Yes
  • Building Total Sqft: 3275
  • Lot Size Dimensions: .36
  • zoning: COMMR
  • Location Details: Mixed Use Area, In City Limits, High Traffic Area
  • Possible Use: Commercial, Condominium, Multi-Family, Retail
Interior Features
  • Ceramic Tile Flooring
  • Central A/C
  • Electric Details: Circuit Breakers
  • flooring: Varies, Wood
  • Heat Details: Central Bldg Heat
  • utilities: Electric to Site, Gas to Site
  • Fire Protection Details: Alarm On Site, Fire Extinguisher/s
Exterior Features
  • Frame Construction
  • Frontage Type: City Street, Public Road
  • Parking Details: Open, Unpaved
  • Roofing: Tar/Gravel
  • Outdoor Details: Enclosed Stairs, Accessible Entrance, Security Gate
Income/Expenses
  • Gross Income $2,000
Taxes and Fees
  • $11,670 Total Tax
  • Tax Year 2023
  • Gross Scheduled Income: 24000
Listed By
Sheila Wollmuth
Compass
Office: 847-602-9979
James Foote
Compass
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