Rare opportunity to own a fully equipped 14,284 sqft restaurant/bar & banquet
facility + catering kitchen in pristine condition. Also has a gaming license and
several gaming machines in the restaurant/bar.
Located just minutes from Rosemont, a major entertainment hub hosting an
average 75,000 visitors a day. For decades this successful business has
been the spot for airline and corporate functions, holiday parties, bridal/baby
showers, weddings, baptisms, cotillions, anniversaries, plus cruise nights,
dancing and more. Also the caterer for corporate events, meetings, socials,
picnics, graduation parties and much more. As well as a great neighborhood
place that attracts lots of locals. In addition to delivering to many businesses,
hotels and residences both near and far.
- 4,002 SqFt
- Fully Equipped
- Large Skylights
- Open View Kitchen
- Horseshoe Bar
- Seating For 100 In Restaurant/Bar + 30 On Enclosed Patio
- Video Gaming Machines
- 5,200 SqFt
- Has Its Own Entrance
- Seating For 350 In The Banquet Facility
- 2 Bars
- DJ Booth
- Dance Floor
- Large Stage
- Lighting System
- Sound System
- Brides/Performers Room
- Coat Check
Large Catering Kitchen:
- 5,082 SqFt
- Fully Equipped
- Large Hood System & Cooking Line
- 3 Walk-In Coolers
- 1 Walk-In Freezer
- Office For Kitchen Manager With Glass Window
- Kitchen Set Up Between The Restaurant & Banquet Hall!
- Entrances From Both The Restaurant & Banquet Hall To The Kitchen
- Large Professional Commercial Kitchen can support the restaurant,
banquets, catering & delivery simultaneously!
Property includes a 14,284 sqft single-story masonry & brick building which
houses the restaurant/bar, banquet hall & catering kitchen. Situated on
approximately .81 acres with ample parking (61 parking spaces + street
parking + Metra parking lot across the street). 2016 real estate taxes
Asking $1.28M for all: property, building, FF&E and business. PRICED
UNDER APPRAISED VALUE! Appraised Value For Property & Building in
2013 = $1,570,000 (NOT including furniture, fixtures and equipment!) Land to
building ratio = 2.47 to 1. Zoned I-1 Industrial District.
Location: Prime retail space surrounded by small industrial, commercial,
other retail and residential. Perfectly situated across from the Metra Station.
Just minutes from Donald E. Stephens Convention Center, Allstate Arena,
Rosemont Theatre, Rosemont Entertainment District, MB Financial Park, the
Fashion Outlets of Chicago and a wide variety of hotels.
Serving the areas of O’Hare, Rosemont, Des Plaines, Franklin Park, Schiller
Park, Niles, Elmhurst, Park Ridge, Norridge, NW Chicago, Melrose Park,
Maywood Park, Evanston, Elmwood Park, Oak Park and many more.
Year Established: 1992 (Same Owners For 25+ Years).
Property: .81 Acre (35,194 SqFt).
Seating : 100 Restaurant + 30 Patio + 350 Banquet Hall = 480.
Days/Hrs of Operation: Mo 10a-3p & Tu-Fr 10a-9p , Sa 12n-9p (Closed
Seller Financing: No.
Competition/Market: There is no other place like it. This place has great
history. Located in an affluent and densely populated western suburb of
Chicago. Total population within 3 miles = 134,462 and within 5 miles =
481,596. This suburb, as well as the surrounding suburbs have created a
thriving mecca of tourism, entertainment, convention and trade-show
business, attracting visitors from around the world. This
restaurant/bar/banquet hall is conveniently located just 5 minutes from O’Hare
Airport and 20 minutes from downtown Chicago.
Growth & Expansion: Well-established with the same owners for over 25
years. Local favorite. Lots of regulars and repeat customers for generations.
New ownership can capture an even larger amount of additional
banquet/catering volume because of its proximity to the convention centers,
trade shows, O'Hare Airport, MB Financial Park and much more!
This is an asset sale (no restaurant financials).
Family owned and operated.
Keep the current concept or make it your own!
Highly confidential listing, please do not discuss with employees or patrons.
Listed by Tom Traina at EatZ & Associates / American Realty Network Inc