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7400 Archer Road, Justice, IL 60458
$680,000
7400 Archer Road, Justice, IL 60458View this property at 7400 Archer Road, Justice, IL 60458
7400 Archer RoadJusticeIL60458
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Property Description
Great opportunity for the savvy entrepreneur to purchase long standing, well-established, free-standing, mixed use building offering retail space and residential rental unit. Current use as bar/restaurant provides excellent cash flow. Additional income provided by multiple video gaming terminals, with room for more. This charming and unique bar & restaurant has been part of the community since 1963. Opportunity to keep current business model or change to yours. 3,275 square feet free standing building houses bar/restaurant and large vacant 2-bedroom apartment, providing opportunity for additional residential income. The real estate includes .75 acres of land composed of two separate parcels. The building is situated on .36 acres with the second parcel being mainly vacant and gravel, consisting of nearly .39 acres. The bar & restaurant has so much history, charm, and character. Turn-key opportunity. 5 video gaming terminals currently, with room for more. Functional kitchen. Full basement allows for additional storage. Large outdoor grass picnic area with stage, perfect for parties, picnics, and music. Expansive outdoor wooden pavilion built in 2019 provides plenty of outdoor seating. Property has been lovingly maintained but being sold "As - Is". Additional information including address, pictures, and financials will only be provided to qualified and vetted buyers. Proof of funds or lender approval letter required. Please do not contact management, staff, or customers directly. Confidentiality agreement to be signed by buyer and agent. On high traffic road with estimated daily traffic counts over 15,000.
Full Property Details
Full Property Details for 7400 Archer Rd
General
- Price: $680,000
- Taxes: $11,101 (2021)
- Status: Active
- Type: Commercial
- MLS ID: 12001468
- Updated: 3/17/2024
- Added to Site: 50 day(s) ago
Additional Information
- Security/Safety: Alarm on Site, Fire Extinguisher(s)
Parking
- Parking Features: Open, Unpaved
Location
- Area: Justice
- County: Cook
- Driving Directions: From Harlem Ave., turn west on 79th St. and then right, or north, on Archer. Proceed to property.
- Location Details: Southwest Suburban
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Construction: Wood Frame
- Roof: Tar and Gravel
- Stories/Levels: 2
- Square Feet: 3,275
- # of Stores: 1
- Year Built: 1901
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 15,667
- Lot Dimensions: .36
- Zoning: COMMR
Financial Considerations
- Security Deposit: Alarm On Site, Fire Extinguisher/s
- Assessment Year: 1901
- Tax Amount: $11,101
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Electricity, Heat, Taxes, Insurance, Repairs, Roof, Scavenger, Sewer
Disclosures and Reports
- Property ID: 18261090370000
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Schools
Schools serving 7400 Archer Rd
School Districts:Argo Community High School District 217, Indian Springs Sd 109
Rating | Name | Grades | Distance |
---|---|---|---|
8641 W 75th St, Justice, IL 60458 | K-6 | 0.3 mi | |
7329 W 63rd St, Summit, IL 60501 | 9-12 | 1.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7400 Archer Rd
Date
Details
Price
Change
Source
3/11/2024
Listed
$680,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7400 Archer Rd
7400 Archer Road, Justice, IL 60458 (MLS# 12001468) is a Commercial property. 7400 Archer Road is currently listed for $680,000 and was received on March 11, 2024. Want to learn more about 7400 Archer Road? Do you have questions about finding other Commercial real estate for sale in Justice? You can browse all Justice real estate or contact a Coldwell Banker agent to request more information.