Active

7725 W Belmont Avenue

Elmwood Park IL, 60707

$1,399,000


$261.50 per sqft

Active

5,350 sqft

Commercial

Courtesy of EatZ Real Estate Group LLC

Tony D's, located at 7725 W Belmont Ave, Elmwood Park, Illinois, offers a distinctive investment opportunity by combining a well-established business with a prime location and a versatile business model. This property, which was re-concepted in 2021, is strategically positioned at the bustling intersection of W Belmont Ave and Harlem Ave, presenting a significant value proposition with its blend of high gaming revenue, versatile facilities, and broad usability that appeals to various business concepts. Elmwood Park provides an ideal backdrop for this investment, characterized by its robust local economy and a demographic profile that supports high levels of discretionary spending. The property's location in a dense and economically vibrant area enhances its appeal as a commercial hub. The proximity to major thoroughfares and public transit options increases its accessibility and visibility, crucial factors in attracting both regular patronage and passing trade. The property spans 5,350 square feet, including a spacious dining area that accommodates 90 indoor seats and 25 outdoor seats. This configuration supports the existing restaurant and bar business while also offering potential for additional revenue streams. The high gaming volume, which generated is a significant contributor to the business's income, and the property's setup is conducive to further expanding this revenue stream. Additionally, the space is versatile enough to accommodate events, providing an additional income opportunity. Elmwood Park's demographic profile, with a high rate of employment and above-average household incomes, suggests a favorable environment for both casual dining and nightlife. The property's layout is well-suited for hosting events, making it a popular spot for gatherings in the community. There is significant potential to expand the current business model to include more diverse dining options, such as introducing new menu items or themed nights, which could cater to wider tastes and attract a broader customer base. The recent upgrades have equipped Tony D's with modern facilities and a design that meets current market expectations for style and functionality. New owners will benefit from a turnkey operation where much of the initial setup and design work has already been completed to a high standard. This allows them to focus on business growth and enhancing operational efficiency from day one. Investing in Tony D's offers more than just a traditional restaurant space; it provides a multi-faceted business environment in a key location with significant growth potential. Whether continuing with the current business model or introducing new concepts, this property promises to be a profitable venture for any discerning investor. Its ability to adapt to various uses, combined with the existing high-quality facilities and the vibrant local market, makes it a standout opportunity in the Elmwood Park real estate and business landscape.

12183327

MLS ID

October 8, 2024

Listed

October 14, 2024

Updated

Map

7725 W Belmont Avenue
Elmwood Park IL, 60707

Interior Features

Total Stories

1


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.12 Acres

Other Property Details

Area Name

Elmwood Park


Taxes

$38,000


Tax Frequency

Annually


Days on Market

6


Garage

No


View

No


County

Cook


Pool

No

Courtesy of EatZ Real Estate Group LLC, Theodore Aretos,
Listing Contact: 815-761-8334 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than LW Reedy Real Estate are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 10/14/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 5:41 AM UTC, 10/14/2024

 

 

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