Established Restaurant with Outdoor
999 CONFIDENTIAL Algonquin, IL 60102
999 CONFIDENTIAL, Algonquin, IL, 60102
$950,000
For Sale
$950,000
COMMERCIAL - Algonquin, IL
Property Size6,000 SF
Price / SF$158.33
Days on Market364
Property Features for 999 CONFIDENTIAL
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 1934106012
Taxes and HOA fees
- Tax Year
- 2024
Utilities
- Cooling system
- Central Air
Listing agency
RE/MAX At Home
(847) 255-1000
Listed by
Anthony Bellino · License #471002939
(847) 255-1000
Added: Jul 23, 2025 Updated: Jul 21 at 2:09PM Checked: Jul 21 at 4:06PM
MLS# 12427680
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a well-established 6,000 sq ft restaurant with outdoor dining. The property includes a liquor license, video gaming, catering, and a private party room. Intended use is for commercial purposes.
Key Highlights
- Well‑established restaurant business ready for its next owner.
- Includes a liquor license, a valuable asset.
- Features video gaming to attract a wider clientele.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.8k | $16.80 |
| − Vacancy | −$6.9k | −$1.14 |
| EGI | $93.9k | $15.66 |
| − OpEx | −$23.5k | −$3.91 |
| NOI | $70.5k | $11.74 |
6,000 SF · lease $16.80/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.01M
$880.7K – $1.17M
NOI $70,459 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,007 @ 7.0% cap · market cap 15.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Well-established 6,000 sq ft restaurant with liquor license.
Where is this conventional restaurant located?
The property is located at 999 CONFIDENTIAL Algonquin, IL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Well‑established restaurant business ready for its next owner.; Includes a liquor license, a valuable asset.; Features video gaming to attract a wider clientele.
