4275 W Grand Ridge Rd - EJ Karz Restaurant & Bar
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4275 W Grand Ridge Rd - EJ Karz Restaurant & Bar
6,400 SF Specialty Building Offered at $1,599,000 in Verona, IL 60479
INVESTMENT HIGHLIGHTS
- EJ Karz Restaurant and Bar is a high-volume restaurant/ bar/ entertainment venue with a loyal customer base and new customers daily.
- There is a large, fully equipped commercial-kitchen with an efficient layout.
- The restaurant seats 60 people, the indoor bar seats 24, and the outdoor seating can accommodate 300+ patrons.
- On-site parking is abundant with plenty of spaces and additional yardage.
EXECUTIVE SUMMARY
Century 21 is pleased to present the one-of-a-kind opportunity to acquire 4275 W Grand Ridge Road, home to the well-established EJ Karz Restaurant and Bar. The owners of this establishment have decided to retire, creating an opportunity for a buyer to purchase a high volume restaurant-bar that is very profitable.
EJ Karz is the combination of a busy restaurant with a 60-seat dining room, a spacious bar that seats 24 with plenty of room for a standing crowd, and an outdoor bar in a recently constructed pavilion which is nestled in the shade of tall oak trees, and offers seating for 260 people. The 6,400-square-foot restaurant/bar building, outdoor bar and seating area, and large parking lot is on 3.7 acres with lush green grass and towering oak trees. The fully equipped commercial-kitchen is spotless and provides plenty of room in an efficient layout for high volume food sales. The beautiful bar and back bar is laid-out for high volume and features a beer cooler that has glass doors from the walk-in cooler making restocking the bar a breeze. The video gaming machines add additional profit.
There is a covered front deck on the building that seats 40+ people and a balcony on the back of the building that overlooks the stage, outdoor seating area and huge concrete
patio. There is also a large basement with high ceilings and poured concrete walls that opens to the back patio. The basement is not currently used by customers or for events, but has been in the past.
EJ Karz draws patrons from a very large area and has had events with live music and over 1,000 people in attendance. If you are looking for a very profitable, turn-key food and beverage business, you need look no further. This business is closed on Mondays and during summer holidays, so there would be additional revenue and profit for new owner who wants to be open seven days a week and on summer holidays. The sale will include the business class C and package liquor licenses.
Feel free to check out this business as a customer; the food is delicious, the drinks are cold, the service is friendly, and the relaxed atmosphere is great. Then make an appointment to tour the business with a real estate broker on a Monday, or before or after business hours.
EJ Karz is the combination of a busy restaurant with a 60-seat dining room, a spacious bar that seats 24 with plenty of room for a standing crowd, and an outdoor bar in a recently constructed pavilion which is nestled in the shade of tall oak trees, and offers seating for 260 people. The 6,400-square-foot restaurant/bar building, outdoor bar and seating area, and large parking lot is on 3.7 acres with lush green grass and towering oak trees. The fully equipped commercial-kitchen is spotless and provides plenty of room in an efficient layout for high volume food sales. The beautiful bar and back bar is laid-out for high volume and features a beer cooler that has glass doors from the walk-in cooler making restocking the bar a breeze. The video gaming machines add additional profit.
There is a covered front deck on the building that seats 40+ people and a balcony on the back of the building that overlooks the stage, outdoor seating area and huge concrete
patio. There is also a large basement with high ceilings and poured concrete walls that opens to the back patio. The basement is not currently used by customers or for events, but has been in the past.
EJ Karz draws patrons from a very large area and has had events with live music and over 1,000 people in attendance. If you are looking for a very profitable, turn-key food and beverage business, you need look no further. This business is closed on Mondays and during summer holidays, so there would be additional revenue and profit for new owner who wants to be open seven days a week and on summer holidays. The sale will include the business class C and package liquor licenses.
Feel free to check out this business as a customer; the food is delicious, the drinks are cold, the service is friendly, and the relaxed atmosphere is great. Then make an appointment to tour the business with a real estate broker on a Monday, or before or after business hours.
TAXES & OPERATING EXPENSES (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$9,088
|
$1.42
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$9,088
|
$1.42
|
TAXES & OPERATING EXPENSES (ACTUAL - 2023)
| Taxes | |
|---|---|
| Annual | $9,088 |
| Annual Per SF | $1.42 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $9,088 |
| Annual Per SF | $1.42 |
PROPERTY FACTS
| Price | $1,599,000 | Lot Size | 3.70 AC |
| Price Per SF | $250 | Building Size | 6,400 SF |
| Sale Type | Owner User | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built | 1974 |
| Property Type | Specialty | Parking Ratio | 7.81/1,000 SF |
| Price | $1,599,000 |
| Price Per SF | $250 |
| Sale Type | Owner User |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Lot Size | 3.70 AC |
| Building Size | 6,400 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 7.81/1,000 SF |
AMENITIES
- Signage
- Wheelchair Accessible
- Air Conditioning
ABOUT 4275 W GRAND RIDGE RD , VERONA, IL 60479
4275 W Grand Ridge Road consists of a 6,400-square-foot specialty building. The property includes a full walk-out basement with high ceilings and an overhead door to the back seating and entertainment area, a pavilion with full bar, a stage for live entertainment, a large concrete patio, covered deck and balcony, and a large gravel parking lot.
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $113,804 | |
| Land Assessment | $11,594 | Annual Taxes | $9,088 ($1.42/SF) |
| Improvements Assessment | $102,210 | Tax Year | 2023 Payable 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$11,594
Improvements Assessment
$102,210
Total Assessment
$113,804
Annual Taxes
$9,088 ($1.42/SF)
Tax Year
2023 Payable 2024
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Century 21 Coleman-Hornsby
4275 W Grand Ridge Rd - EJ Karz Restaurant & Bar
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