Turnkey Restaurant or Redevelopment Site 14719 Halsted St

Investment Highlights

Freestanding 5800sf Bldg on a 34,400sf site Large Lot Ideal for Redevelopment Opportunity Central Business District Fully Equipped Restaurant With Bar and Outdoor Seating Hight Traffic Counts 39,300 VPD at the 147th St & Halsted Intersection

Executive Summary

+/-5800sf one story freestanding building on a site that is approximately 34,500sf. (205' x 168'). The site is highly visible and there is +/-205ft of frontage along Halsted St and the site depth is approximately 168ft . The building sits on the northside of the site and the parking lot is on the southside of the site extending to 148th St. Prior occupant of the property business was a full service restaurant with a liquor license and exterior covered patio for outdoor seating. Business is closed. Trade fixtures are in place and are included in the sale offering a turnkey business opportunity for a restaurant entrepeneur. The size of the site offers endless possibilities of alternate uses or a redevelopment opportunity. High traffic counts at the intersection also supplement a new development or new business. The site is located just off the southeast corner of 147th St & Halsted St a busy intercection with hiigh traffic counts. The area is densely populated and surrounding businesses in the area generate high day time traffic. Interior streets surrouding the property are densely built up with single and multifamily homes. The property is within close proximity to Interstates 94, 294, and I-57. 147th St. also known a (Sibley Blvd and Rte 83) is a heavily traveled major arterial street. Nearly 40,000 vehicles per day at the 147th St & Halsted Intersection. Adjacent cities that border Harvey include Dolton, Posen, Markham, South Holland, Dixmoor Riverdale and Homewood. Public transportaion in the area is adequate via Pace Bus and the Harvey Metra Statiion which is in close proximity to the property.

• Sale Type    Owner User
• Sale Condition    Redevelopment Project
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Bar General Retail Freestanding Restaurant
• Building Size    5,800
• Year Built/Renovated    1985/2018
• Price    289,000
• Price Per SF    50
• Building Height    1 Story
• Building FAR    0.17
• Land Acres    0.79 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Corner Lot
• Fenced Lot