Marie’s Pizza and Liquors Property Listed for Sale at $1.7 Million
A Beloved Albany Park Institution
Marie’s Pizza and Liquors, a staple in Albany Park, has been listed for sale for $1.7 million, according to Darwin PW Realty. The three-generation family business has been a mainstay in the community since the 1940s.
A Brief History
Theodore Karavidas opened the shop in 1940 as a tavern and small packaged goods store. Eight years later, his then-21-year-old son George Karavidas took over the business. By 1950, they had started serving pizza and expanded the shop to become the restaurant and liquor store it is known as today.
A Family Legacy
The block where the restaurant is located is dedicated to George Karavidas, whose daughter, Nadine Karavidas, later took over the business. Nadine’s family has been a part of the community for generations, and the business has been a beloved institution.
The Property
The 8,700-square-foot building sits on a quarter-acre lot at the corner of West Lawrence Avenue and North Kedvale Avenue. An agent with the group described it as a “redevelopment or gut rehab opportunity only.”
Recent Developments
After closing its dining room in 2020 during the COVID-19 pandemic, the restaurant opened for limited hours before closing again in 2023. In October, the property was used to film upcoming episodes of “Chicago PD.”
What’s Next?
The future of Marie’s Pizza and Liquors is uncertain, but the property’s listing offers a unique opportunity for developers or entrepreneurs looking to revamp the space. Whether it’s a redevelopment or gut rehab, the possibilities are endless.
FAQs
Q: What is the asking price for the property?
A: The asking price for the property is $1.7 million.
Q: What is the size of the property?
A: The property is 8,700 square feet.
Q: What is the condition of the property?
A: The agent described the property as a “redevelopment or gut rehab opportunity only.”
Q: What is the history of the property?
A: Marie’s Pizza and Liquors has been a part of the Albany Park community since the 1940s, originally opening as a tavern and small packaged goods store.
