7400 Archer Road Justice, IL $ 680,000
7400 Archer Road
$ 680,000
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7400 Archer Road

Justice, IL, 60458
$ 680,000
Baths0.0 Sq 3,275

Monthly Estimate*

$ 4,750

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Studio

Commercial Property for sale in Justice, IL

for $680,000. This 3,275 square foot building was built in 1901 on a lot size of 0.359665.

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.

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Commercial Active

Price

$ 680,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 11,101

Style

Lot Size

0.359665

Year Built

1901

Town/City

Justice

County/Region

Cook

MLS | Web ID

12001468

Features
General
Cooling Central Air
Possession Closing
Roof Tar and Gravel
Zoning COMMR
Construction Materials Wood Frame
Year Built 1901
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat Taxes Insurance Repairs Roof Scavenger Sewer
Stories 2
Property SubType Mixed Use
Tax Year 2021
Gross Income 0
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status Active
Directions From Harlem Ave. turn west on 79th St. and then right or north on Archer. Proceed to property.
City Justice
Total Units 2
MLS Area Justice
Lot Size Square Feet 15667
Street Name Archer
Tax Annual Amount 11101
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Days on Market 7
Standard Status Active
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Exterior
Building Area Total 3275
Lot Dimensions .36
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Interior
Street Suffix Road
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* Excluded Features
List By
Realty Executives Elite

Broker

jchipain@gmail.com; jimchipain@realtyexecutives.com

Email

Affordability Calculator

$5,675
Per Month
84%
16%
0%
Monthly Principal & Interest
$4,750
Monthly Property Taxes
$925
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/11/2024$680,000 Listed Price

Map


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7400 Archer Road, Justice, IL, 60458 is a Commercial Property for sale at $680,000 with 3,275 sqft and a lot size of 0.359665. 7400 Archer Road is a studio with 0.0 baths and was built in 1901. The property's zip code is 60458 which is in Justice, IL