Bellwood Retail for Sale - Melrose Park Area
Beloved Freestanding Bar w/Kitchen Bellwood, IL - Property Included!
Listing Summary: A rare opportunity to purchase a turnkey bar with kitchen and its valuable real estate.
An historic freestanding building with a striking updated exterior. And a warm and inviting interior with high ceilings, exposed ductwork, vintage brick, wooden floors, cool lighting and an incredible old-school bar. Plus, ample seating at the bar and high-top tables. In addition to large screen tvs to watch all the games. Also, a nicely fenced-in patio with an additional building and a second bar out back - great for overflow, private parties and events.
Asset sale with property - all furniture, fixtures and equipment (FF&E) included. And priced below market value!
Its flexible layout works for a sports bar, bar & grill, lounge or a restaurant with late-night component. Also, a great place for live entertainment and private events.
Bring your concept here. If you have always wanted to own your own bar w/kitchen, this is the perfect opportunity for you. And with living quarters upstairs, a phenomenal “work-live” venture or can be rented out for additional income. A chance to own the venue - not just the business!
Ideal for an owner/operator or an investor seeking a flexible venue with tenant and rental income, plus build equity!
Location: Prime retail space in a freestanding building with great signage, high visibility, easy access and ample parking.
Perfectly situated in the heart of several close-knit neighborhoods - surrounded by a dense residential area of homes. Also, near retail and services. Plus, close to several large industrial parks and a huge candy manufacturer!
Strategically positioned just off a major thoroughfare and in close proximity to other main arterials with quick access to I-290 and I-294. And close to Metra commuter rail stations.
Centrally located in Bellwood, a near-west suburb about 13 miles west of downtown Chicago. Bordered by the villages of Maywood to the north, Hillside to the south, Broadview to the west and Melrose Park to the east.
Property Information: 4,371 sqft two-story masonry freestanding mixed-use building with a 2-bedroom/1-bathroom apartment upstairs. And its own parking lot with room for 17 vehicles, plus street parking. On 8,937 or .2 acres. Zoned B-1. 3 pin #’s 15-09-319-001-0000: 15-09-319-002-0000: 15-09-319-003-0000. Real estate taxes $10,582.
Square Feet: 4,371.
Seating: 100+ Inside & Out.
Value of FF&E: Included In Asking Price (Valued at $200,000).
Seller Financing Available: No.
Reasons for Selling: Retiring.
Competition/Market: Nicely built-out bar with kitchen and room for entertainment. Flexible layout for multiple concepts. Cool historic building. Updated exterior. Prime neighborhood and commercial location. Minutes to/from major corridors and I-290, I-294. And close to Metra UP-West stations and bus routes.
Growth & Expansion: Longstanding local favorite bar. Area gem. A beloved neighborhood hangout. Staple in the community. Has always been THE place to go. Benefits from a strong residential and industrial base. Surrounded by a dense population and workforce within a 3-mile radius. Steady after-work and weekend traffic!
Feel free to stop by the location first. Showings by appointment only.
Listed by Tom Traina & Theo Theodosiadis at EatZ & Associates / EatZ Real Estate Group LLC
