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In-PersonVirtual Tour
$ 6,499,000
Est. payment | /mo
22,017 SqFt
$ 6,499,000
Est. payment | /mo
22,017 SqFt
Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active
Purchase Type For Sale
Square Footage 22,017 sqft
Price per Sqft $295
MLS Listing ID 12451856
Annual Tax Amount $121,016
Tax Year 2023
Lot Dimensions 371 X 125
Property Sub-Type Bus / Bus w/Real Est
Property Description
PREMIER INVESTMENT OPPORTUNITY - Acquire this exceptional 22,017 square foot mixed-use commercial restaurant and entertainment venue. This property comprises 13 PINs and represents a unique investment opportunity as the largest Mexican restaurant in Illinois-a true cultural landmark in Chicago's Little Village neighborhood that has faithfully served the community for over 30 years, establishing deep roots and an exceptional reputation. lExtensive renovations from 2020-2025. Freight elevator for operational efficiency. Full-service authentic Mexican restaurant. Banquet hall with capacity for large events. Full-service bar and lounge area. Largest patio in Little Village neighborhood @ 500 Seating Capacity (150 restaurant, 50 Bar, Extra Restaurant room 75, 300 Banquet Hall) Wheelchair accessible throughout. Commercial Kitchen & Storage: Walk-in coolers for food storage Blast freezers for preservation. Complete restaurant FF&E (Furniture, Fixtures & Equipment). Professional-grade commercial kitchen equipment . Two apartments on the second floor for additional income stream potential. 10 New HVAC units ensuring climate control throughout. Parking Lot #1: 48 spaces Parking Lot #2: 46 spaces Total Parking: 94 spaces. The property offers exceptional parking availability, rare for the Little Village area, providing significant competitive advantage for events and daily operations. BUSINESS OPERATIONS EVENT HOSTING CAPABILITIES: Private parties, community gatherings( City of Chicago official events, weddings, quinceanera, celebrations, Baptisms, religious celebrations, Chamber of Commerce meetings and corporate events). Authentic Mexican mariachi entertainment. Live music and band performances. Extensive beverage menu and traditional Mexican cuisine with Chicago culinary influences. Established customer base spanning multiple generations. Schedule your appointment to view this exceptional property!
Location
State IL
County Cook
Area Chi - South Lawndale
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Bus / Bus w/Real Est
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Listed by Yiselle Bryce of RE/MAX 1st Service
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "