Oak Forest Retail for Sale - Near South Cook
Turnkey Freestanding Restaurant w/Drive-Thru Oak Forest, IL - With Property!
Listing Summary: Previously operated as a popular sandwich shop offering beef sandwiches (corned, brisket or pastrami), plus Italian beef, gyros, hot dogs, burgers and other comfort food favorites.
Fast-food restaurant. Simple operation - counter service. Dine-in or out, carryout, convenient pickup window and drive-thru.
The current layout features a kitchen, prep area, cozy dining area and outdoor seating on its covered front porch.
Its updated build-out features high ceilings, new flooring, french doors and more. Also, electronic menu boards and a large screen tv.
And a fully equipped kitchen that includes a 5ft hood, table-top oven, convection oven, warmer, meat slicer, 2-door refrigerated prep table, 2-door reach-in beverage cooler, 2-door reach-in cooler, 2-door reach-in freezer and more, plus a detached walk-in cooler on a concrete foundation along the rear of the building.
Well established restaurant location for many years. Asset sale with property - all furniture, fixtures and equipment (FF&E) included.
Turnkey! Bring your concept here. A versatile gem awaiting a savvy owner-operator. Own your own building and lot outright (no landlord or rent). Perfect for a beef/burgers/gyros/hot dog joint, sandwich shop, deli, coffee shop, ice cream/frozen yogurt/gelato, juice bar, smoothies, gaming café or any quick-service eating & drinking establishment.
Location: Prime retail space in a freestanding building with pickup window, drive-thru and large monument sign. Boasts great signage, excellent visibility, easy access and its own parking lot.
Perfectly situated on 167th St - a well-traveled retail and commuter corridor with over 18,000 vehicles per day. Just west of Cicero Avenue (IL-50) - a major north-south arterial with over 34,000 vehicles per day, connecting Oak Forest to Midlothian, Country Club Hills, Crestwood and Alsip. Plus, in close proximity to Interstate 57 (1 mile west) and Interstate 294 (Tri-State Tollway) for excellent regional access.
Just minutes from the Oak Forest Metra Station, Oak Forest City Hall & government offices, the village’s business district, Oak Forest High School and more. Plus, close to residential neighborhoods, schools, light industrial parks and retail.
Surrounded by a densely populated residential area with over 130,000 residents within a 5-mile radius with an average household income over $90,000.
Ideally located in Oak Forest, a thriving far southwest suburb 20 miles from downtown Chicago!
Property Information: 740 sqft well-maintained one-story masonry freestanding building with front porch, pickup window, fully functional drive-thru with menu board, large pylon sign and parking lot for 7 vehicles. Built in 1957. Remodeled in 2015 and 2021. Drive-thru, additional HVAC and interior updates were done in 2021. On 17,424 sqft or .4 acres. Class B. Zoning B-2. 2024 real estate taxes $16,481.
Square Feet: 740.
Seating: 8 Inside & 20 Outside.
Value of FF&E: Included In Asking Price (Valued at $40,000).
Value of Inventory: Not Included In Asking Price.
Seller Financing Available: No.
Reasons for Selling: Available.
Competition/Market: A rare freestanding building with pickup window, drive-thru and dedicated parking lot in the area. Fully built, updated and operational - save time and money. Countertop service setup - efficient. Flexible layout for multiple uses - suitable for many concepts. Great curb appeal - inviting exterior. Excellent visibility - prime frontage on 167th St and large monument sign. Easy ingress/egress - from multiple directions.
Growth & Expansion: Established reputation as a local favorite stop. Longstanding neighborhood restaurant. Consistent customer flow - strong repeat traffic.
Strategically located on 167th St - one of Oak Forest’s busiest east-west corridors. Also, strong daily traffic from nearby Cicero Ave (IL-50). Surrounded by a consistent daytime and evening customer base.
And the potential to add gaming!
Feel free to stop by the location. If interested, please email Tom Traina or him for more information. Showings by appointment only.
Contact Tom Traina at EatZ & Associates / EatZ Real Estate Group LLC
