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13325 Olde Western Ave 2,690 SF Retail Building Blue Island, IL 60406 $546,514 CAD ($203.17 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$13,697
|
$5.09
|
| Operating Expenses |
$1,370
|
$0.51
|
| Total Expenses |
$15,067
|
$5.60
|
Taxes & Operating Expenses (Actual - 2025)
| Taxes (CAD) | |
|---|---|
| Annual | $13,697 |
| Annual Per SF | $5.09 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $1,370 |
| Annual Per SF | $0.51 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $15,067 |
| Annual Per SF | $5.60 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,690 SF
Building Class
B
Year Built
1857
Price
$546,514 CAD
Price Per SF
$203.17 CAD
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)
Fairly walkable
40/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 24-36-424-008-0000 | Total Assessment | $38,199 CAD |
| Land Assessment | $6,565 CAD | Annual Taxes | $13,697 CAD ($5.09 CAD/SF) |
| Improvements Assessment | $31,634 CAD | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
24-36-424-008-0000
Land Assessment
$6,565 CAD
Improvements Assessment
$31,634 CAD
Total Assessment
$38,199 CAD
Annual Taxes
$13,697 CAD ($5.09 CAD/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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