8300 Joliet Rd
McCook, IL 60525
Restaurant & Lounge + 3 Apartments · Retail Property For Sale

Recent Appraised Value $625k! Fully Equipped Restaurant & Bar With Gaming (And 3 Rental Apartments Above) Cook County, IL - Property Included! Well established restaurant and lounge for over 29 years with the same owner! Full service. Separate bar area up front and large dining room with a private banquet area. 5 Video gaming machines. Approximately $32,773 in gaming revenue (location's take) in 2019. Renovated in 1991. Family owned and operated. Asset sale with property - no financials. Keep the current concept or make it your own Location: Prime retail space in a freestanding building on a major road with high traffic counts. Ample parking. Surrounded by many businesses and homes. Perfectly situated in a southwest industrial suburb of Chicago. Just minutes from I-55 and many major attractions in Chicago. Year Established: 1951 (Current Owner 1991) Property Information: Lot size = 15,158 Sqft or .348 acres. Two story freestanding masonry building built in 1955 and renovated in 1991. Two new 5-ton AC units recently installed in 2017. 2019 Property Taxes $22,161. Building includes 3 apartments, two rented for $1,300/mth and one rented for $1,050/mth. Apartment tenants are currently month to month. Square Feet: 7,000 Seating: 190 (35 Bar + 155 Dining) Days/Hrs of Operation: Daily 11a-8p Owners Role: Owner operated. # Of Employees: 7 Gross Sales (2019): (Asset Sale) Net Operating Income: (Asset Sale) Value of FF&E: Included In Asking Price Seller Financing Available: No Reasons for Selling: Retiring. Competition/Market: Best Bohemian food in the area. Great reputation for delicious old-fashioned European food. Family friendly. Ideal neighborhood place. Growth & Expansion: Centralized location. Successful restaurant and bar location for three generations. Local favorite. The “go to” spot for years. Staple in the community. Also, a possible re-development site. Incredible investment opportunity! Feel free to stop by the location as a customer first. This is a highly confidential listing, please DO NOT talk to any of the employees or patrons. If interested, contact EatZ for more information. Showings by appointment only. Listed by Tom Traina at EatZ-Associates / EatZ Real Estate Group LLC