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13325 Olde Western Ave 2,690 SF Retail Building Blue Island, IL 60406 $399,000 ($148.33/SF)
INVESTMENT HIGHLIGHTS
- Turnkey Restaurant Property for Sale | $439,700 2,690 SF Building on 12,500 SF Lot | High-Traffic Location | Fully Equipped
EXECUTIVE SUMMARY
ESTATE SALE. Brand New Turnkey Restaurant Property for Sale | $399,000
2,690 SF Building on 12,500 SF Lot | High-Traffic Location | Fully Equipped
Seize this rare opportunity to own a beautifully renovated, fully equipped restaurant in a thriving, walkable neighborhood. This 2,690 SF mixed-use building sits on a generous 12,500 SF lot and includes:
Expansive outdoor and enclosed patios
Fully furnished dining room and bar (seats 50 indoor tables + 30 outdoor)
Brand new FF&E, including a walk-in refrigerator
Finished basement for storage
Unfinished upstairs apartment ideal for conversion long-term, or event venues
Taxes estimated to be $10,000
Two restrooms
Covered garage and ample parking
Located across from a new Burrito Jalisco and steps from La Vieja Castilla, the area is buzzing with foot traffic from local bars, breweries, and the Lyric Theater—making it a prime location for Italian, BBQ, Middle Eastern, or other standout concepts.
Highlights:
Sale Price: $399,000
SBA Financing Available for qualified buyers
Over $100,000 in Inventory Included
Whether you're an established restaurateur or a passionate newcomer, this is your chance to capitalize on a high-visibility, fully equipped restaurant property in one of the area's most vibrant dining destinations to help fill a much needed food & beverage gap in the downtown area.
2,690 SF Building on 12,500 SF Lot | High-Traffic Location | Fully Equipped
Seize this rare opportunity to own a beautifully renovated, fully equipped restaurant in a thriving, walkable neighborhood. This 2,690 SF mixed-use building sits on a generous 12,500 SF lot and includes:
Expansive outdoor and enclosed patios
Fully furnished dining room and bar (seats 50 indoor tables + 30 outdoor)
Brand new FF&E, including a walk-in refrigerator
Finished basement for storage
Unfinished upstairs apartment ideal for conversion long-term, or event venues
Taxes estimated to be $10,000
Two restrooms
Covered garage and ample parking
Located across from a new Burrito Jalisco and steps from La Vieja Castilla, the area is buzzing with foot traffic from local bars, breweries, and the Lyric Theater—making it a prime location for Italian, BBQ, Middle Eastern, or other standout concepts.
Highlights:
Sale Price: $399,000
SBA Financing Available for qualified buyers
Over $100,000 in Inventory Included
Whether you're an established restaurateur or a passionate newcomer, this is your chance to capitalize on a high-visibility, fully equipped restaurant property in one of the area's most vibrant dining destinations to help fill a much needed food & beverage gap in the downtown area.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$10,000
|
$3.72
|
| Operating Expenses |
$1,000
|
$0.37
|
| Total Expenses |
$11,000
|
$4.09
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025)
| Taxes | |
|---|---|
| Annual | $10,000 |
| Annual Per SF | $3.72 |
| Operating Expenses | |
|---|---|
| Annual | $1,000 |
| Annual Per SF | $0.37 |
| Total Expenses | |
|---|---|
| Annual | $11,000 |
| Annual Per SF | $4.09 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,690 SF
Building Class
B
Year Built
1857
Price
$399,000
Price Per SF
$148.33
Tenancy
Single
Building Height
2 Stories
Building FAR
0.22
Lot Size
0.28 AC
Zoning
PMD
Parking
10 Spaces (3.72 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 24-36-424-008-0000 | Total Assessment | $28,000 (2024) |
| Land Assessment | $4,812 (2024) | Annual Taxes | $10,000 ($3.72/SF) |
| Improvements Assessment | $23,188 (2024) | Tax Year | 2025 Payable 2026 |
PROPERTY TAXES
Parcel Number
24-36-424-008-0000
Land Assessment
$4,812 (2024)
Improvements Assessment
$23,188 (2024)
Total Assessment
$28,000 (2024)
Annual Taxes
$10,000 ($3.72/SF)
Tax Year
2025 Payable 2026
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Presented by
Dan R. Pontarelli Ltd. Realty And Development
13325 Olde Western Ave
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