1527 Harlem Ave
Forest Park, IL 60130
Retail / Cannabis / Bar / Restaurant · Property For Lease

This building is going thru a complete remodel inside and out, including a new facade, parking lot, exterior landscaping, roof and hot water heater, water proofing, interior finishes and more. There are 2 recently remodeled bathrooms. With a new roof, hot water heater, water proofing and masonry tuckpointed already this year, we have an estimated completion in mid-summer of 2020. The owner is willing to sell this property for $595,000, lease it as is, or demo it and build to suit (up to 3,000 s/f, plus residential above). The existing 2,300 s/f stand-alone building has over 130’ of frontage on busy Harlem Ave with a traffic count of 35,000+ cars per day. The present B-2 zoning allows for a restaurant, tavern, retail or Cannabis Dispensary, pending the approval of a special use permit. Formerly “R Place Food & Spirits”, a restaurant or tavern concept would be turnkey because the building is equipped with full kitchen,including a pizza oven and a smoker. The building was constructed in 1978 and sits on 10,625 s/f of property. There is ample parking with 19 stalls in the south lot and an additional 22 stalls in the north lot, complete with EV charging stations. Attached to the rear of the building is a 1000 s/f heated enclosed patio that is smoking compliant. There is an 800 s/f basement for storage that has a private entrance for deliveries, an office and a large walk-in cooler. The occupancy is 99 inside and 40 outside. The owner also owns the 1515 S. Harlem building located to the north. Lease will include all exterior maintenance and mechanical maintenance, repair and replacement. Utilities: Electric, Gas and Water $900 Contact the owner for a viewing and pricing details.