REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sara Latta-Young

saralattayoung@gmail.com +1(815) 685-5090

$ 949,000

Est. payment | -/mo

4,055 SqFt

Save

$ 949,000

Est. payment | -/mo

Save

4,055 SqFt

Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 4,055 sqft

Price per Sqft $234

MLS Listing ID 12617645

Year Built 1924

Annual Tax Amount $16,801

Tax Year 2024

Lot Dimensions 50' x 125'

Property Sub-Type Retail/Stores

Property Description

NEW PRICE. Rare turnkey opportunity for an operator or investor seeking a fully renovated, PPA-licensed venue with uncommitted VGT potential in a prime Chicago corridor - includes Real Estate, Business, and Assets. Unlike standard restaurant offerings, this 4,055 SF freestanding corner asset includes a rare Public Place of Amusement (PPA), Liquor, and Food license, enabling the owner to collect cover charges or donations for ticketed events, raffles, live music, comedy, and more - creating multiple high-margin revenue streams beyond traditional food and beverage. The VGT-ready game room is currently uncommitted to any gaming operator, giving a new owner full leverage to negotiate their own terminal operator agreement and signing incentives. The restaurant was fully gut-rehabbed in late 2024, offering a new dining & bar space that seats 95 and a brand-new fully equipped commercial kitchen featuring pizza ovens, extended range, stove, prep areas, a walk-in cooler, and much more. The property functions as a clean, SBA-compliant operating shell primed for immediate occupancy - a true plug-and-play asset priced to bypass construction and permitting delays, minimize capital requirements, and facilitate a seamless acquisition of all existing licenses and FF&E. Situated on a 0.16-acre lot, the property features a 3,125 SF main level, a dedicated +15-car parking lot with ample street parking, and a 930 SF 3-bedroom residential unit for additional income. The site offers prime frontage on Irving Park Road near Harlem Avenue and the Harlem-Irving Plaza (HIP), capturing high visibility from over 26,000 vehicles per day (VPD) within a densely populated residential corridor. Contact Listing Agent for showings and details.

Location

State IL

County Cook

Area Chi - Dunning

Zoning COMMR

Interior

Cooling Central Air, Exhaust Fan

Fireplace N

Building

Dwelling Type Retail/Stores

Listed by Thoma Socrates Panos of Pearson Realty Group

NEARBY PROPERTIES

+1(815) 685-5090

saralattayoung@gmail.com

GET MORE INFORMATION

QUICK SEARCH

There are 34 quick searches

7455 W Irving Park RD Chicago, IL 60634