7400 Archer Road # 7400 Justice, IL $ 630,000
7400 Archer Road # 7400
$ 630,000
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7400 Archer Road # 7400

Justice, IL, 60458
$ 630,000
Bedrooms-- Baths-- Sq 3,275

Monthly Estimate*

$ 3,930

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Commercial Property for sale in Justice, IL

for $630,000. This 3,275 square foot building was built in 1901 on a lot size of 0.359665.

LONG TIME OWNERS ARE READY TO RETIRE & NOW YOU CAN Make This the INVESTMENT OPPERTUNITY OF YOUR HEART'S DESIRES!! *** Great opportunity for an air b&b catering to the high demand for families have hold ceremonies. The bar / restaurant is Cash Heavy generating cash flow from the gaming machines and the out-door venue hosting parties and events. But that's not all! Lease potential for 2 apartments could be 1,000 per month each!! This is an excellent opportunity for an entrepreneur to purchase a long standing, well-established, mixed use investment! With potential and high demand for retail space and residential rental units. Current use as bar/restaurant provides excellent cash flow. Additional income provided by multiple video gaming terminals. This charming and unique bar & restaurant has been part of the community since 1963. This listing has a famous history tied to legends & famous stories! Investor's can keep current business model or change to endless possibilities: B&B, Short or Long Term Rentals, Music Venue, Ceremonies / Banquets, Restaurant Lounge, Cafe, or Pub / Bar with bands and leisure gaming. Offering 3,275 square feet free standing building with 2 rental units: A 2 Bedroom Apartment Upstairs and a 1 Bedroom Apartment in the back on the main level. Providing opportunity for estimated 24,000 /year 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 spacious land and the huge driveway. The bar & restaurant has so much history, charm, and character. Turn-key opportunity or create your own investment dreams here!! 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 an excellent music / concert venue. Expansive outdoor wooden pavilion built in 2019 provides plenty of outdoor seating. Property has been lovingly maintained but being sold "As - Is". Proof of funds or lender approval letter required. Operating Income only available with a signed Confidentiality agreement, to be signed by buyer and agent. This Rare Opportunity sits On A High Traffic road with estimated daily traffic counts over 15,000.

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Commercial Active

Price

$ 630,000

Property Type

Commercial

Taxes

$ 11,670

Style

Commercial

Lot Size

0.359665

Year Built

1901

Town/City

Justice

County/Region

Cook

MLS | Web ID

12281281

Features
General
Cooling Central Air
Utilities Electricity Available Natural Gas Available
Possession Closing
Roof Tar/Gravel
Zoning COMMR
Construction Materials Wood
Year Built 1901
Electric Circuit Breakers
Tenant Pays Varies by Tenant
Stories Count 2
Township Lyons
Unit Number 7400
Property Subtype Mixed Use
Tax Year 2023
Current Use Commercial
Gross Income 24000
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Possible Use Commercial Multi-Family Retail
Status Active
Directions From Harlem Ave. turn west on 79th St. and then right or north on Archer. Proceed to property.
City Justice
Number Of Units Total 3
MLS Area Justice
Lot Size Square Feet 15667
Tax Annual Amount 11670
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Standard Status Active
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Interior
Flooring Tile Varies Wood
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Exterior
Building Area Total 3275
Lot Dimensions .36
Frontage Type City Street Public Road
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* Excluded Features
List By
Compass

Broker

sheila.wollmuth@compass.com

Email

Affordability Calculator

$4,903
Per Month
80%
20%
0%
Monthly Principal & Interest
$3,930
Monthly Property Taxes
$973
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/21/2025$630,000 Listed Price

Map


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7400 Archer Road # 7400, Justice, IL, 60458 is a Commercial Property for sale at $630,000 with 3,275 sqft and a lot size of 0.359665. 7400 Archer Road # 7400 was built in 1901. The property's zip code is 60458 which is in Justice, IL