February 25, 2025 – Zach Smith of Horvath & Tremblay has successfully completed the sale of two vacant quick serve restaurants, both former Popeyes in Harvey and Calumet City, Illinois. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $300,000.
The two vacant properties are located at 15345 Wood Street in Harvey and 799 River Oaks Drive in Calumet City, Illinois. The Harvey Property consists of a 2,600 square foot single tenant building on a 0.48-acre parcel of land. The Property was formerly occupied by Popeyes and features ample parking, four points of access and a drive through at a signalized intersection. The Calumet City Property consists of a 2,800 square foot single tenant building on a 0.74-acre parcel of land. The Property was formerly occupied by Popeyes and features ample parking, two points of access and a drive through. Both Properties are well located along primary commercial and commuter corridors and are convenient to national retailers and restaurants that drive traffic to the area, as well as to densely populated residential neighborhoods that provide a built-in customer base. Both assets offer convenient access to primary highways and interstates including IL Routes 1 and 83, US Route 6 and Interstates 94 and 294. Both Harvey and Calumet City are located approximately 22 miles south of Downtown Chicago.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.