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INVESTMENT HIGHLIGHTS
- Turnkey Rehab & Dual Income: Fully renovated bar/restaurant space with an attached 3-bedroom apartment for secondary rental revenue.
- Immediate & Future Upside: Includes a Chicago PPA liquor license and a dedicated game room pre-built for potential future gaming/VGT revenue.
- Dedicated Private Parking: Includes a rare corner lot and plenty of street parking with easy accessibility for patrons.
- Prime High-Traffic Location: Exceptional corner visibility with up to 26,000 daily vehicles near the Harlem-Irving Plaza retail hub.
- Professional Kitchen Build-Out: Fully equipped with newer commercial pizza ovens, a complete kitchen line, walk-in refrigeration, and much more.
- Strong Demographic Profile: Situated in a high-purchasing-power area with a $92,409 median household income and a dense residential base.
EXECUTIVE SUMMARY
TURNKEY MIXED-USE OPPORTUNITY: Renovated Bar, Restaurant & Pizzeria + Apartment in Northwest Side of Chicago (BUSINESS + REAL ESTATE)
This exceptional mixed-use property at 7455 W Irving Park Rd provides a rare opportunity to acquire a fully turnkey restaurant, pizzeria, and bar in a high-traffic Chicago location.
The 4,055 SF freestanding building features a 3,125 SF restaurant and bar space that has been completely gut-rehabbed within the past year, ensuring a stabilized operation with no immediate capital requirements for the buyer.
The restaurant's interior is built out for full-service dining with seating for approximately 95 patrons and includes a Chicago PPA liquor license, a dedicated game room for potential future gaming & VGT revenue, and a fully equipped commercial kitchen with newer pizza ovens, prep areas, a walk-in cooler/freezer, and much more.
Adding to the investment's value is an attached 930 SF, three-bedroom residential apartment that provides a steady secondary income stream.
Situated on a 0.16-acre corner lot with a dedicated 15-car parking area and plenty of street parking, the property benefits from prime frontage along Irving Park Road near Harlem Avenue and Forest Preserve Drive, an increasingly commercialized corridor with strong daily traffic counts, and just blocks away from Harlem-Irving Plaza (HIP) shopping center, where daily traffic counts reach up to 26,000 vehicles.
This offering is perfect for an absentee investor or owner-operator looking for a renovated asset in a dense residential area with a high median household income of $92,409.
Business and clientele are already in place and running. Please do not disturb the staff, customers, and tenants.
This exceptional mixed-use property at 7455 W Irving Park Rd provides a rare opportunity to acquire a fully turnkey restaurant, pizzeria, and bar in a high-traffic Chicago location.
The 4,055 SF freestanding building features a 3,125 SF restaurant and bar space that has been completely gut-rehabbed within the past year, ensuring a stabilized operation with no immediate capital requirements for the buyer.
The restaurant's interior is built out for full-service dining with seating for approximately 95 patrons and includes a Chicago PPA liquor license, a dedicated game room for potential future gaming & VGT revenue, and a fully equipped commercial kitchen with newer pizza ovens, prep areas, a walk-in cooler/freezer, and much more.
Adding to the investment's value is an attached 930 SF, three-bedroom residential apartment that provides a steady secondary income stream.
Situated on a 0.16-acre corner lot with a dedicated 15-car parking area and plenty of street parking, the property benefits from prime frontage along Irving Park Road near Harlem Avenue and Forest Preserve Drive, an increasingly commercialized corridor with strong daily traffic counts, and just blocks away from Harlem-Irving Plaza (HIP) shopping center, where daily traffic counts reach up to 26,000 vehicles.
This offering is perfect for an absentee investor or owner-operator looking for a renovated asset in a dense residential area with a high median household income of $92,409.
Business and clientele are already in place and running. Please do not disturb the staff, customers, and tenants.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,055 SF
Building Class
C
Year Built/Renovated
1922/2024
Price
$1,387,400 CAD
Price Per SF
$342.15 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.58
Lot Size
0.16 AC
Zoning
C1-2
Parking
15 Spaces (3.7 Spaces per 1,000 SF Leased)
Frontage
25’ on Irving Park Rd
AMENITIES
- 24 Hour Access
- Corner Lot
- Dedicated Turn Lane
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Roof Terrace
- Storage Space
- Air Conditioning
- Balcony
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $72,031 CAD | |
| Land Assessment | $23,816 CAD | Total Assessment | $95,847 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$23,816 CAD
Improvements Assessment
$72,031 CAD
Total Assessment
$95,847 CAD
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7455 W Irving Park Rd
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