Real Estate
Empty Ivo's Family Restaurant, You Can Buy It
The empty Ivo's restaurant property sits on one of the busiest spots in Channahon, Route 6 and I-55.
CHANNAHON, IL — Are you in the market for a retail building? Perhaps you want to open or expand your restaurant franchise. In the business world, it's all about location, location, location. In recent weeks, a large for sale sign in Channahon sprouted up along U.S. Route 6 and the I-55 exit. The empty Ivo's Family Restaurant & Lounge next to the Speedway gas station is up for sale.
Nick Ferro and Keith Conroy of Coldwell Banker Commercial are the real estate agents for the property. According to a real estate listing at LoopNet, the property is for sale at $525,000.
The building includes 8,673-square-feet of retail space, the listing noted. The structure was built in 1945.
Find out what's happening in Channahon-Minookafor free with the latest updates from Patch.
"Enormous parking (spaces) and large kitchen for banquet preparation. Perfect for weddings, corporate events and large parties. Also, great for redevelopment. Located in TIF district. Commercial zoning allows for many different uses," the listing for Ivo's touted.
Find out what's happening in Channahon-Minookafor free with the latest updates from Patch.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.