Project I · Commercial Mixed-Use

Legacy 22.
Four brands built to thrive.

A four-story redevelopment at 164 E. 22nd Street combining four market-proven commercial concepts with nine residential units, designed for complementary foot traffic and diversified revenue.

$3.2M+
Total Investment
$1.9M
Construction Cost
20 mo
3-Phase Timeline
40+
Jobs Created
Commercial Concepts

Four concepts. Complementary foot traffic.

Legacy 22 Bar & Grill
Anchor

80-seat full-service Mexican soul food fusion restaurant. The anchor concept designed to drive daily foot traffic and become the neighborhood's signature dining destination.

The Burn Table
Membership

Members-only premium cigar lounge. Curated membership model ensures predictable recurring revenue and cultivates a loyal, high-value clientele.

Herb & Butter
Wellness

CBD wellness juice bar and lifestyle shop. Capitalizes on the rapidly growing wellness economy with accessible, daily-use products and services.

Crate & Cellar
Retail

High-end bodega and curated provisions store. Serves both residential tenants and walk-in traffic with premium grocery, wine, and specialty goods.

Revenue Trajectory

Conservative ramp. Diversified income.

Four commercial brands plus 9-unit residential rent (6 × 3BR/2BA at $1,400–$1,600/mo; 3 × 2BR/2BA at $1,150–$1,300/mo). Projected 12–18% IRR on private investment.

Year 1
Total Revenue
$1,993,000
Net Income
$178,060
Year 2
Total Revenue
$2,570,000
Net Income
$353,400
Year 3
21% EBITDA
Total Revenue
$3,110,000
Net Income
$508,600
Project Fact Sheet

The details.

Address
164 E. 22nd Street, Chicago Heights, IL
Total Project Investment
$3.2M+
Construction Cost
$1.9M
Commercial Units
4 Brands
Residential Units
9 Apartments
Year 1 Revenue
$1,993,000
Year 3 Revenue
$3,110,000
Year 3 Net Income
$508,600
Year 3 EBITDA Margin
21%
Construction Timeline
20 months, 3 phases
Jobs Created
40+
Annual Tax Revenue
$180K–$240K