Prime 10,300 SqFt Restaurant & Banquet Property On Nearly 1 Acre - Ogden Ave Lyons, IL!
"Well-Located Commercial Asset - Incredible Investment Property - Potential Redevelopment Site"
An outstanding opportunity to acquire a substantial commercial property with an established restaurant and banquet business included!
Prominently situated at the corner of Ogden Ave (Route 34) and Joliet Ave in Lyons, IL, this 10,300 sqft freestanding building sits on nearly one acre of land (.997 acres), offering exceptional visibility, convenient access and parking for 60 vehicles.
Offered at $1,100,000, this property presents an attractive opportunity for owner-users, restaurant groups, investors and developers seeking a well-located commercial asset with multiple possibilities. Continue the existing operation, introduce a new restaurant or entertainment concept, reposition the building for another commercial use or explore redevelopment of the site.
Current Use
The property currently houses a successful, long-established family restaurant and banquet facility that has served the surrounding communities since 1984. The fully equipped restaurant features seating for 150 guests, a full-service bar and a spacious commercial kitchen designed to accommodate high-volume food preparation.
An additional highlight is the 4,000 sqft banquet facility with its own entrance, 2 bars, dance floor and private restrooms. Accommodating gatherings of up to 250 guests, the flexible space can be divided into 2 separate rooms for simultaneous events. Ideal for weddings, celebrations, corporate functions, community gatherings and private parties.
The restaurant also features a semi-private gaming area with 6 video gaming terminals and an ATM, generating $82,947 in the location gaming revenue in 2023. A full liquor license and ~$300,000 in furniture, fixtures and equipment add significant value to this offering.
Existing Infrastructure
The building's extensive existing restaurant infrastructure, including a large commercial kitchen, multiple bars, updated electrical service and dedicated banquet facilities, provides a valuable foundation for an owner looking to establish or expand a hospitality operation without starting with an empty building.
Real estate, existing business and FF&E are included in the asking price. A compelling opportunity to acquire a sizable, highly visible commercial property with immediate operating capabilities and long-term potential.
Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. If interested, please click on the orange Contact Broker button on the right to complete the Buyer Profile form. Showings by appointment only outside of business hours.
