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3237 S Harlem Ave 9,000 SF Specialty Building Offered at $2,400,000 at a 4.17% Cap Rate in Berwyn, IL 60402
EXECUTIVE SUMMARY
2 rooms, up to 200 person occupancy each, can be combined for contiguous 400 person party.
Bridal room
Each side has its own bar
Full kitchen
Separate walk in Fridge and walk in freezer
Laundry room
800 Watt power
Approximately 45 parking spots, plus shared parking for additional spots
9700 sf banquet hall, 24,000 sf property on 7 PINS
Total taxes approximately 50,000 (after reduction from 110,000)
Booked business into 2026 with some into 2027.
Building was built new almost 25 years ago. In immaculate condition
Roof, HVAC original but meticulously maintained.
Asking $2.4 million, based on past appraisal and increased business activity.
Not included are two cabinets near entry, and the Brand, the latter being negotiable with the sale of the bakeries. Otherwise, everything turn key and owner will help transition if requested. Great opportunity for rebrand with all the inventory.
The only requirement is that the signed business is satisfied.
Bridal room
Each side has its own bar
Full kitchen
Separate walk in Fridge and walk in freezer
Laundry room
800 Watt power
Approximately 45 parking spots, plus shared parking for additional spots
9700 sf banquet hall, 24,000 sf property on 7 PINS
Total taxes approximately 50,000 (after reduction from 110,000)
Booked business into 2026 with some into 2027.
Building was built new almost 25 years ago. In immaculate condition
Roof, HVAC original but meticulously maintained.
Asking $2.4 million, based on past appraisal and increased business activity.
Not included are two cabinets near entry, and the Brand, the latter being negotiable with the sale of the bakeries. Otherwise, everything turn key and owner will help transition if requested. Great opportunity for rebrand with all the inventory.
The only requirement is that the signed business is satisfied.
PROPERTY FACTS
| Price | $2,400,000 | Building Class | C |
| Price Per SF | $266.67 | Lot Size | 0.32 AC |
| Sale Type | Investment or Owner User | Building Size | 9,000 SF |
| Cap Rate | 4.17% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2000 |
| Price | $2,400,000 |
| Price Per SF | $266.67 |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.17% |
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 9,000 SF |
| No. Stories | 1 |
| Year Built | 2000 |
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Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $165,487 | |
| Land Assessment | $58,652 | Total Assessment | $224,139 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$58,652
Improvements Assessment
$165,487
Total Assessment
$224,139
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Call Berk Realty and Management LLC
3237 S Harlem Ave
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