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Listing provided courtesy of SK Properties Group, LLCMREDas Distributed by MLSGrid- MLS# 12340525MLS Provider

22048 Governors HighwayRichton Park, IL 60471

Commercial · 3,300 Sq. ft.
$475,000 Active

22048 Governors Highway Overview

Time on Site:
438 days
Visits:
15

Prime 3,300 SF freestanding restaurant with drive-thru on Governors Hwy in Richton Park-diagonal from the Metra station and near Sauk Trail & Rt. 30. Features 38 parking spaces, seating for 120, and over 40 years of local history. Lot size: 1.06 acres, with an adjacent 0.83-acre lot available. Zoned commercial with well water & city sewer. Approx. 20,000 VPD. Perfect for QSR, dine-in, or redevelopment, medical or office. AVAILABLE FOR LEASE OR SALE. Owner open to creative deals!

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22048 Governors Highway Facts & Features

  • Type Commercial
  • Sq. ft. 3,300
  • Price/Sq.ft. $144

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: Modified Gross
  • Net Operating Income: 1

Building Information

  • Year Built: 1970

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Richton Park

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat

Tax Information

  • Tax Annual Amount: $40,501.00
  • Tax Year: 2023

General Information

  • Parcel Number: 31274020080000
  • Property Sub Type: Restaurant
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 3300

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Leasable Area: 3300
  • Stories: 1

Unit Information

  • Unit SqFt.: 3300

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 115 X 400 FT
  • Lot Size Square Feet: 46000

22048 Governors Highway Neighborhood

Community

60471 (Richton Park) Demographics

42
Median Age
2,885
Population Density (per sq. mile)
39%
College Educated
$64,425
Estimated Median Income
2,900
Estimated Total Home Owners
2,465
Estimated Total Renters
54% / 46%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

22048 Governors Highway Monthly Cost

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$ %
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$
Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

22048 Governors Highway Market Data

Based on the last 30 days in this zip code

$264,325
Average List Price
$154
Average Price per Square Foot
11
Properties Sold
85
Average Days on Market
48
Properties for Sale
Calculations provided by Reliance Network

22048 Governors Highway History

Date Event Value Agent
10/29/2025Source: MRED Status Change
Active
10/24/2025Source: MRED Status Change
Re-activated
5/27/2025Source: MRED Status Change
Active
5/22/2025Source: MRED Price Reduction
$475,000 -14.4%
5/22/2025Source: MRED Status Change
Price Change
4/22/2025Source: MRED Status Change
Active
4/17/2025Source: MRED Added to Database
April 17, 2025