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6600 W 111th St
Worth, IL 60482
Retail Property For Sale


Investment Highlights
- Established Local Landmark
- Fully Operational Turnkey w Large On 3 Acre Site + 3bdrm Aparment
- Gaming License
- Prime Location 111th and I-294
- Seating for 750 Patrons
- Billboard Sign
Executive Summary
This Restaurant property has it all! Restaurant, lounge, gaming, 2 sports bars, large parking lot, 3-bedroom 2nd-floor apartment, extra valet/employee parking, billboard income, historic name, ready-made customer base, strong reputation for food and service. This lightly wooded property is situated on 3 acres. This 12,000 sf building was totally updated in 2015 and has been a Southwest "institution" for over 50 years! Ravinia South: This business features an extensive outdoor patio/firepit/and enclosure, a dance floor, and an entertainment stage for late spring, summer, and early autumn music and festivities. Located at 111th and Ridgeland Avenue next to the I-294 interstate with a large billboard sign, extra income from gaming, an apartment, and the restaurant/bar and banquet rooms. Demographics boast 200,000 plus customers within a 3-5 mile radius. An "A-Frame Entrance" warmly welcomes guests into a "Wisconsin-esque" North Woods, with knotty pine walls and ceilings and large timber beams. Cozy "historic" bar area to the right with several private "dining rooms" with fireplaces, exposed stone walls, paneled "homey feel" dining. Also, a tastefully decorated large banquet room for private parties. Enter from the left into the modern section with a state-of-the-art sports bar. The L-shaped bar seats over 40, with additional tabletop seating for over 300 patrons. Several overhead-windowed "garage door rollup" doors open to another outdoor seating area for 450 additional patrons in the large party deck/entertainment stage and dance floor. Turnkey Steakhouse can be tailored to any concept that will enhance this entertainment mecca. Fully operational, turnkey opportunity. Private showings only.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,000 SF
Building Class
C
Year Built
1924
Price
$3,900,000
Price Per SF
$325
Tenancy
Single
Building Height
2 Stories
Building FAR
0.14
Lot Size
1.93 AC
Zoning
b2 - b2 General Business District
Parking
190 Spaces (15.83 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Restaurant
- Security System
- Signage
- Air Conditioning
- Backup Power / Generators
Property Taxes
| Parcel Numbers | Improvements Assessment | $108,271 | |
| Land Assessment | $170,662 | Total Assessment | $278,933 |
Property Taxes
Parcel Numbers
Land Assessment
$170,662
Improvements Assessment
$108,271
Total Assessment
$278,933
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