10618 Western AveChicago, IL 60643

For Sale
$1,675,000

Established Bar, High-Cap Rate, Huge Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This thriving, two-story Irish-themed bar located at 10618 S Western Ave, Chicago, IL 60643, presents a unique investment opportunity. Boasting 4,200 square feet on a 7,500 square foot lot, this well-established business has been a community staple for over four decades. Completely renovated in 2015, the property features a striking 50-foot long custom bar, creating an authentic and inviting atmosphere. A significant addition in 2015 includes a 1200 square foot basement, perfect for private events, live music, or pub crawls, significantly boosting revenue streams. The property offers a 5.80% cap rate and is listed at $1,675,000. The building consists of one structure with two stories and is currently available for sale by owner. Occupancy is available October 1st, 2024. This turnkey operation is ready for a new owner to continue its legacy of success in the vibrant Chicago south side market. The property's prime location and established clientele base provide a solid foundation for continued growth and profitability. Don't miss this chance to acquire a well-established and profitable business with significant upside potential.

Highlights

  • Established Irish-themed bar in Chicago, IL.
  • 4,200 sq ft building on a 7,500 sq ft lot.
  • Completely renovated in 2015, including a 1,200 sq ft basement.
  • 5.80% cap rate, listed at $1,675,000.
  • Available for sale by owner, occupancy October 1st, 2024.

Property Details for 10618 Western Ave

Property type
Other retail properties, Restaurants
Square Feet
4,200 SF
Year Renovated
2015
Buildings
1
Stories
2

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.7002667
Longitude
-87.6818241
10618 Western Ave, Chicago, Illinois

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10618 Western Ave
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