10,300 SF Restaurant & Banquet Property ~1 Acre

Business Overview:

Prime 10,300 Sq Ft 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 freestanding commercial property with an established restaurant and banquet business included! This highly visible corner building sits on .997 acres with parking for 60 vehicles. Offered at $1,100,000, it’s an attractive fit for owner-users, restaurant groups, investors and developers seeking a versatile, well-located asset.

A successful family restaurant and banquet facility has served the surrounding communities since 1984. The fully equipped restaurant features a full-service bar and spacious commercial kitchen designed for high-volume food preparation. The separate banquet hall has its own entrance, 2 bars, dance floor and private restrooms, and divides into 2 rooms for simultaneous weddings, celebrations, corporate functions and private parties.

A semi-private gaming area with 6 video gaming terminals and an ATM generated $82,947 in 2025 location gaming revenue. A full liquor license, updated electrical service and ~$300,000 in furniture, fixtures and equipment add significant value.

Real estate, business and FF&E are included in the asking price, offering immediate operating capability and long-term potential.

Contact the Seller:

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Property Features and Assets:

Prominent frontage at the corner of Ogden Ave (Route 34/Old Route 66) and Joliet Ave, along one of the western suburbs’ established commercial corridors. Ogden Ave carries ~20,000 vehicles daily, delivering excellent exposure to commuters, residents and visitors. The corridor is lined with restaurants, retail and neighborhood services, including national and regional operators.

Just east of First Ave (Route 171), with quick access to Harlem Ave, I-55 and I-294 connecting to Chicago. Minutes from Brookfield Zoo, Morton College and Riverside, serving an established residential and commercial trade area. Corner positioning, substantial land and dedicated parking suit restaurant, banquet, retail or destination uses.

SqFt: 3,500 Restaurant + 4,000 Banquet Hall
Seating: 150 Restaurant + 250 Banquet Hall
Hrs: Daily 7am-9pm
Owners Role: Family owned & operated, full-time managers; retiring
Training: On-site, as long as needed
Property: Owned & included; Zoned B1 Retail; 2025 taxes $82,494

Market Competition and Expansion:

Located in a mature, densely populated suburban market with established demand for dining, retail, services and private events, drawing from Berwyn, Cicero, Stickney, Brookfield and La Grange. The restaurant has built decades of customer recognition, while the banquet hall adds a business component beyond everyday dining. Unlike smaller storefront locations, this property offers substantial indoor space, multiple service areas and versatile layouts.

Its greatest appeal is flexibility. A new owner could modernize the restaurant and banquet business, grow private-event bookings, strengthen catering and corporate-event marketing, or introduce an entirely new hospitality concept. The existing kitchen, bars and event spaces suit restaurant group, entertainment, catering or event-venue concepts without a new foodservice buildout.

Investors and developers can evaluate alternative retail, service-oriented or mixed commercial uses, including redevelopment, subject to municipal approvals and zoning. Whether for owner-occupancy, expansion, adaptive reuse or future redevelopment, this offering combines location, land, improvements and operational flexibility!

Reason for Selling:

Retiring. Kindly ask the seller for more information.

Additional Details:

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