7400 Archer Road

7400 Archer Road

Justice, IL 60458

$680,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
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Sq. Ft.
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per Sq. Ft.
a front view of a house
a front view of a house
a view of yard with large trees
a view of yard with large trees
a group of people sitting in a room
a living room with lots of furniture and a clock
a view of a room with gym equipment
a view of a room with lots of wooden furniture and windows
a room with furniture and a table
a utility room with dryer and washer
a group of people sitting in a living room
a view of a dining room with furniture and a rug
a dining room with furniture and wooden floor
a view of a dining room with furniture
a dining room with lots of furniture and chandelier
a view of a living room and furniture
a front view of house with yard and swimming pool
a view of a house with a yard
a huge green field with lots of trees
a view of house with garden
a view of outdoor space and porch
a kitchen with stainless steel appliances granite countertop a sink a stove and a refrigerator
a kitchen with a stove sink and cabinets
a bathroom with a granite countertop sink a mirror and a shower
wooden floor in an empty room with a window
a big room with closet and window
wooden floor in an empty room with a window
an empty room with wooden floor and windows
a view of empty room
a view of small space
an empty room with windows and fan
a bathroom with a bathtub and toilet
a view of an empty room

Description

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...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.
  1. Listed by James Chipain • Realty Executives Elite

Property Details for 7400 Archer Road

Area
Justice
Zoning
COMMR

Location

Listing Courtesy of Realty Executives Elite
Add your commute
LISTING UPDATED: 03/17/2024 03:00 AM

Property Details for 7400 Archer Road

StatusActive
MLS #12001468
Days on Market79
Taxes$11,101 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1901
Lot Size0.36 AC / 15,667 SF
CountyCook County

Location

Listing Courtesy of Realty Executives Elite
Add your commute

Building Information for 7400 Archer Road

Stories-Residences2Year Built1901Lot Size0.36 AC / 15,667 SF

Payment Calculator

$4,636 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,711

Property Taxes

$925

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7400 Archer Road

General Information
Addtl Parking Information
  • Outdoor Parking: Open,Unpaved
Location and General Information
  • Geographic Locale: Southwest Suburban
  • Information: List Broker Must Accompany,No Sign on Property,Highly Confidential
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Bldg Heat
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
  • Misc Outside: Patio
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat, Taxes, Insurance, Repairs, Roof, Scavenger, Sewer
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: .36
  • Lot Size Square Feet: 15667.0
  • Stories: 2
  • Construction: Wood Frame
  • Roof Type: Tar and Gravel
  • Fire Protection: Alarm On Site,Fire Extinguisher/s
  • Building Area Total: 3275
  • # Of Offices: 1
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 34
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Known Encumbrances: None Known
  • Net Operating Income Year: 2020
  • Total Monthly Income: 0
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 7400 Archer Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 7400 Archer Road

This home is within Argo Chsd 217 School District.
Rating
School
Type
Grades
Distance
Frank A Brodnicki Elementary School
Public - K to 6
Geo T Wilkins Jr High School
Public - 7 to 8
Argo Community High School
Public - 9 to 12
Rating
School
Distance
Frank A Brodnicki Elementary School
PublicK to 6

Geo T Wilkins Jr High School
Public7 to 8

Argo Community High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 7400 Archer Road, Justice, IL 60458

7400 Archer Road is a mixed use property for sale in Justice, IL 60458. This property was listed for sale on March 11, 2024 by Realty Executives Elite, it's currently listed at $680,000. This listing's school districts are Argo Chsd 217 School District, Indian Springs School District 109. Nearby schools include Frank A Brodnicki Elementary School, Geo T Wilkins Jr High School and Argo Community High School. 7400 Archer Road is a 0-bed, 0-bath, mixed use property built in 1901.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty Executives Elite

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.