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28358234
28358255

18405 S Halsted St, Glenwood, IL 60425

BK
IL 475167449, IN RB16000214
Realty Executives Premier
Listed by Realty Executives Premier
$11,500,000
205 days on market
Updated 96 days ago

Glenwood Plaza

Details
Property Type Business for Sale, Retail
Sub Type Bar, Business and Building (+1)
Square Footage 29,000
Net Rentable (SqFt) 29,000
Cap Rate 17.35%
NOI $1,995,130
Occupancy 100%
Price per SqFt $397
Broker Co-Op Yes
Year Built 2022
Stories 2
Acreage 2.500
Zoning B-2
Investment Type Institutional
Occupancy Date 11/20/2025

Business for Sale | 17.35% CAP | 29,000 SqFt

Marketing description

Rarely does a fully stabilized, brand-new (2022-built), high-volume hospitality portfolio with real estate hit the market. This impeccably designed 2.5-acre retail center delivers $8.7M+ in combined annual revenue across three synergistic, cash-flowing operations — all offered together in one seamless turnkey transaction.

Highlights:

  • Two proven, high-grossing concepts under one roof.

  • Bevda’s Wine & Spirits – $4.1M annual sales | Modern liquor store with loyal following.

  • Chug-A-Lug Bar & Grill – $4.7M annual sales | Full kitchen, rooftop bar, event deck, billiards, gaming, elevator and rooftop enclosure.

  • Amchee Nitez @ Chug-A-Lug – Vibrant late-night destination with strong regional brand recognition (bundled with Chug-A-Lug). Currently operating as a private event space.

  • $2M+ in new furniture, fixtures, equipment & upgrades already invested — walk in Day 1 and collect cash flow.

  • Pristine 2022 construction on 2.5 acres (four parcels included) with top-tier finishes and infrastructure built to last.

  • Dominant location in a booming south Chicagoland commercial corridor with 35,200 daily traffic count.

Whether you’re an owner-user or an investor, this property represents a rare opportunity to secure a large, high-visibility commercial asset in a strong south suburban Chicago location.

Investment highlights

Newly Built 2022 | 29,000 Total Building Sq Ft

Class 8 Tax Incentive Approved 2025

Over $8.7M in combined annual revenue

Ability to separate real estate from the businesses and structure with new market-rate leases negotiated prior to closing

Excellent location just over 1-mile to I-80 interchange

Excellent systems in place for passive investment opportunity

Listing Contacts

BK
IL 475167449, IN RB16000214
Realty Executives Premier
Listed by Realty Executives Premier

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,995,130.00
$166,260.83/mo

Valuation Metrics

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DSCR
17.35%
Cap Rate
17.35%
ROI

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Additional Information

Name
Bill Kornblum
License
475167449
Brokerage
Realty Executives Premier
Brokerage Phone
219-308-9629
Title
Real Estate Broker
Brokerage Address
21 U.S. 30
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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