Turnkey Restaurant
For Sale
Contact for pricing
100 West Higgins Road, South Barrington, IL 60010
Turnkey restaurant operations with included high-end equipment, inventory, and supplies for immediate operations.
Property Size21,344 SF
Price / SF$472.88
Days on Market184
Property Features for 100 West Higgins Road
General Information
Standard status
Active
Size
21,344 SF
Property subtype
Retail
Investment Type
Net Lease
Net Operating Income
$756,985
Additional Details
Business Included
Yes
Building Details
Year Built
2009
Tenancy
Single
Listing Agency:
The Boulder Group
Listed By:
Randy Blankstein · License #IL 471005983
(847) 562-0003
Source:
Crexi
Added: Apr 24
Changed: Oct 10
Last Checked: Oct 23 at 6:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boulder Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The sale includes adjacent, back-to-back restaurant concepts focused on high-volume ice cream and yogurt/smoothie service. The operations are offered turnkey, with high-end, state-of-the-art equipment included, along with inventory and supplies to support continued day-to-day operation.
The properties are positioned next to a smoothie store, with a new 24-hour gym planned directly next door. The listing address is 100 W Higgins Road 90, South Barrington, IL 60010.
For buyers seeking an all-in setup rather than building out from scratch, the included equipment package, inventory, and supplies are key practical components of this offering.
The properties are positioned next to a smoothie store, with a new 24-hour gym planned directly next door. The listing address is 100 W Higgins Road 90, South Barrington, IL 60010.
For buyers seeking an all-in setup rather than building out from scratch, the included equipment package, inventory, and supplies are key practical components of this offering.
Key Highlights
- Adjacent back‑to‑back high‑volume ice cream and yogurt/smoothie stores
- Next door to a planned new 24‑hour gym
- High‑end, state‑of‑the‑art equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$357,299
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,145,980
$7.1M
Cap Rate 7%
$5,104,271
$5.1M
Cap Rate 9%
$3,969,989
$4.0M
Market Conditions
NOI Build-Up for 21,344 SF
Gross rent
$512.3K $24.00/SF
− Vacancy
−$35.9K −$1.68/SF
EGI
$476.4K $22.32/SF
− OpEx
−$119.1K −$5.58/SF
NOI
$357.3K $16.74/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,145,980
Cap Rate 7%
$5,104,271
Cap Rate 9%
$3,969,989
Alternative Uses
Best Use
Specialty Retail
$5.10M
$4.47M – $5.95M
NOI $357,299 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.37M
$6.45M – $8.60M
NOI $515,838 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
185k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 48%
Dining 25%
Apparel 12%
Shops & Services 8%
Target
Superstores
89,387 visits/mo
0.4 miles
Cooper's Hawk Winery & Restaurant
Dining
21,033 visits/mo
0.1 miles
L.L.Bean
Apparel
11,051 visits/mo
0.1 miles
Chase Bank
Shops & Services
10,745 visits/mo
0.4 miles
Panera Bread
Dining
9,803 visits/mo
0.1 miles
Demographics for 60010, IL
46,365
Population
17,621
Households
2.6
Avg Household Size
47
Median Age
70%
College-Educated
97%
High-School Grad
74.1 sq mi
ZIP Area
626
Density / Sq Mi
$175,050
Median Household Income
$86,255
Median Earnings
$2,459
Median Rent
$622,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant operations with included high-end equipment, inventory, and supplies for immediate operations.
Where is this conventional restaurant located?
The property is located at 100 West Higgins Road South Barrington, IL.
What is the asking price?
The asking price for this property is $10,093,139.
What are key features of this property?
This property features: Adjacent back‑to‑back high‑volume ice cream and yogurt/smoothie stores; Next door to a planned new 24‑hour gym; High‑end, state‑of‑the‑art equipment included
