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Listed by:

EatZ & Associates

Broker license number: 471021331

Rare Restaurant And Bar With Property Palos Heights, IL For Sale

Palos Heights, Illinois, US
Asking Price:
$675,000 Furniture / Fixtures included
Sales Revenue:
Undisclosed
Cash Flow:
Undisclosed

Rare Restaurant & Bar with Property in Palos Heights, IL - On South Harlem Avenue!

"Reimagine The Former Joe Daniel's Or Introduce An Entirely New Restaurant, Bar Or Entertainment-Driven Concept"

Outstanding opportunity to acquire the former Joe Daniel's Neighborhood Eatery & Pub on South Harlem Avenue in Palos Heights, IL, including its commercial real estate and all existing furniture, fixtures and equipment.

A long-established restaurant and pub location dating back to 2002! This longtime neighborhood destination operated for more than 2 decades (25 years) as a casual eatery, pub, sports destination and local gathering place. The restaurant is currently closed, creating an exceptional opportunity for a new owner/operator to acquire an established restaurant and bar facility and bring their fresh concept and vision to the market.

The offering features a spacious 4,637 sq ft restaurant and bar with ample seating. The existing restaurant/bar buildout and included FF&E provide a significant head start and potential savings compared to developing and equipping a restaurant from scratch.

Currently closed and ready for a new owner and concept. Its substantial footprint, 140-seat capacity and existing restaurant/bar infrastructure offer tremendous versatility.

Ideal for:

  • Neighborhood eatery & pub
  • Sports bar & grill
  • Gastropub
  • Tavern
  • Taproom & kitchen
  • Burger & craft beer concept
  • Modern American restaurant & bar
  • Pizzeria & bar
  • Irish pub
  • Mexican restaurant & cantina
  • Entertainmentdriven restaurant & lounge
  • And more…

Significant growth and repositioning opportunities include a complete rebrand and relaunch, updated décor, expanded sports and game-day programming, live music, happy hour, late-night food and beverage, private parties and group events, catering, online ordering, delivery, social media marketing, customer loyalty programs and targeted marketing to nearby businesses, medical employees, athletic facilities and youth sports organizations.

An attractive opportunity for an experienced restaurateur, independent operator, hospitality group or expanding restaurant concept seeking a highly visible Palos Heights location with real estate ownership. Bring your concept and vision to this established Palos Heights restaurant location!

Property Information

Real Estate:

Real Property Included

Location:

Prime retail space along Harlem Ave, an established N-S thoroughfare serving Palos Heights and its surrounding suburban communities.

The property is positioned within an established restaurant/retail corridor surrounded by a diverse mix of independent restaurants, neighborhood eateries and bar concepts - demonstrating continued consumer demand for dining and hospitality uses in the market.

As well as bakeries, salons, fitness concepts, specialty retailers and professional services - helping generate consistent activity throughout the surrounding trade area.

Also, close to Northwestern Medicine, DeVos Athletics & Recreation Complex and George & June Schaaf Athletics Complex - further strengthening the area's daytime, evening and weekend traffic generators.

Location highlights:

  • Established restaurant location with decades of local recognition
  • Prominent position along the established Harlem Ave commercial corridor
  • Also Route 43, a major NS roadway through Chicago and numerous southwest/western suburbs
  • Convenient access, near the major intersection of Route 43 and Route 83
  • Surrounded by an established mix of restaurants, retailers, salons, fitness concepts, professional services and area businesses
  • Nearby dining and hospitality uses reinforce the area's established reputation for restaurant traffic
  • Solid southwest suburban customer base
  • Palos Heights offers a strong mix of established residential neighborhoods, medical facilities, recreational destinations and active commercial corridors
  • Excellent potential to draw neighborhood residents, sports families, area employees and destination diners
Premises Details:

Year Established: 2002 (Current Owner 2006).

Property Information: Single-tenant one-story 4,637 sqft commercial condominium unit situated within a one-story, two-unit strip-retail condominium building within a larger strip-retail center. Built in 1950. On 0.3402 acre lot or 14,820 sqft. Pin number 23-25-229-0015-1001.

Seating: 140.

Business Operation

Expansion Potential:

The former Joe Daniel's location has historically been associated with casual dining, pub fare, sports, entertainment and neighborhood gatherings, providing an established restaurant identity at the site.

Potential growth and expansion opportunities include:

  • Reopen as an updated neighborhood restaurant and pub
  • Introduce a completely new restaurant or bar concept
  • Develop into a modern American gastropub or elevated pub concept
  • Create a dedicated sports bar destination with expanded gameday programming
  • Rebrand the location with new signage and a fresh identity
  • Modernize the interior, décor and overall guest experience
  • Increase live music and scheduled entertainment
  • Launch a modern, mobilefriendly website
  • Develop online ordering and direct digital ordering
  • Partner with 3rdparty delivery platforms
  • Build an active social media presence
  • Implement email and textmessage marketing
  • Host community events and restaurant fundraisers
  • Market to nearby athletic and recreation complexes for team meals and group gatherings
  • Utilize the location's longstanding restaurant history in the property's relaunch marketing
Competition / Market:

Benefits of this property:

  • Capitalize on its longstanding restaurant use and local recognition
  • Existing restaurant and bar buildout
  • Flexible footprint suitable for a wide range of restaurant and bar concepts
  • Substantial seating capacity
  • Highly visible Harlem Ave location
  • On an established restaurant and retail corridor
  • Surrounded by complementary restaurants, bars, retail, service and professional businesses
  • Close to medical and recreational traffic generators
  • Excellent repositioning and rebranding opportunity
  • Incredible potential for lunch, dinner, happy hour, sporting events, private gatherings, live entertainment, latenight business
  • Significant savings compared to building and equipping a restaurant from scratch
  • Ideal for an independent operator, multiunit restaurant group or expanding concept
  • Rare opportunity to own the real estate rather than lease
  • Ability to build longterm equity in the property while operating the business
Reasons for selling:

Retiring.

Trading hours:

Currently closed - ready for a new owner

Years established:
25 Years

Other Information

Financing available:

No.

Related Documents:
Business closed / Asset sale:
Yes

Listed by

EatZ & Associates

Broker license number: 471021331

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