PALOS HEIGHTS, Illinois
| Asking Price |
$675,000 |
Year Established |
2002 |
|
| Annual Revenue |
$0 |
Reason for Selling |
Retiring. |
|
| Annual P/L |
$0 |
Attention |
Pat Mahoney |
|
| Annual Cash Flow |
$0 |
Listing Number |
1018919 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
Rare Restaurant & Bar w/Property Palos Heights, IL - On S Harlem Ave!
“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 at 12218 S Harlem Ave, including its commercial real estate and all existing furniture, fixtures and equipment. Dating back to 2002, this longtime neighborhood destination operated for more than two decades as a casual eatery, pub, sports destination and beloved local gathering place, now ready for a new owner/operator to bring a fresh new concept and vision. The existing restaurant/bar buildout and included FF&E provide a significant head start and potential savings versus building and equipping from scratch, while the substantial footprint offers tremendous versatility. Ideal for a 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, entertainment-driven lounge and much more. An attractive opportunity for an experienced restaurateur, independent operator, multi-unit hospitality group or expanding concept seeking a highly visible, high-traffic Palos Heights location with real estate ownership.
Listed by Pat Mahoney at EatZ & Associates / EatZ Real Estate Group LLC
Property Features and Assets:
<p>Prime retail space along Harlem Ave (Route 43), a major N-S roadway through Chicago and numerous southwest/western suburbs, between W 122nd and W 123rd St near the major intersection of Route 43 and Route 83 (College Dr). Positioned within an established restaurant/retail corridor surrounded by independent restaurants, eateries, bars, bakeries, salons, fitness studios, specialty retailers and professional services - demonstrating continued dining demand and generating consistent trade-area activity. Close to Northwestern Medicine, DeVos Athletics & Recreation Complex and George & June Schaaf Athletics Complex, strengthening daytime, evening and weekend traffic. Excellent draw from residents, sports families, area employees and destination diners. Single-tenant one-story commercial condominium unit within a two-unit strip-retail building, built 1950, on a 0.34-acre (14,820 sqft) lot. Real estate taxes approx. $32,787/yr; buyer to verify.<br><br>SqFt: 4,637<br>Seating: 140<br>Hrs: Currently closed<br>Owners Role: (Property For Sale)<br>Training: (Property For Sale)<br>Property: Owned - included in sale<br></p>
Market Competition and Expansion:
<p>Capitalize on the site’s longstanding local recognition, historically tied to casual dining, pub fare, sports, entertainment and neighborhood gatherings, and use that history in relaunch marketing. Complementary neighboring businesses support rather than dilute restaurant traffic. A rare chance to own the real estate rather than lease, building long-term equity while operating the business. Growth opportunities include a complete rebrand with new signage and a fresh identity; modernized interior, décor and guest experience; expanded game-day programming; live music and scheduled entertainment; happy hour and late-night food and beverage; private parties, group events and catering; a mobile-friendly website with online and direct digital ordering; 3rd-party delivery partnerships; active social media, customer loyalty, email and text-message marketing; community events and restaurant fundraisers; and targeted outreach to nearby businesses, medical employees, athletic and recreation complexes and youth sports organizations for team meals and group gatherings. Strong potential across lunch, dinner, weekends and sporting events.<br></p>
Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity