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    226 Sheridan Rd Waukegan, IL 60085

    Sponsored
    For Sale
    $495,000

    Established Restaurant, Prime Location, 36 Parking Spaces

    Property size:
    3,680 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional turnkey restaurant opportunity is located at 226 N Sheridan Road, Waukegan, IL, a prime corner location at the intersection of Grand Avenue and Sheridan Road. The 3,680 square foot building boasts a highly desirable location, situated next to a McDonald's and just one block from the Genesee Theatre, ensuring high visibility and foot traffic. Previously a successful pizza restaurant, the property retains significant existing restaurant equipment, including pizza ovens, overhead cooktops, freezers, and various other kitchen accessories. The interior features a large bar area, numerous booth seats for comfortable dining, and ample space for customer seating. An added benefit is the outdoor patio seating area, perfect for expanding capacity during warmer months. The property also includes a significant advantage with 36 on-site parking spaces, a rare find in this location. The property is being sold "as-is," presenting a unique chance for an experienced restaurateur to acquire a fully equipped establishment in a high-traffic area. The building's existing infrastructure and equipment offer immediate operational potential, minimizing start-up costs and allowing for a swift transition into business. This is an exceptional opportunity to establish or expand a restaurant business in a vibrant and growing community. The property's location and existing features make it an ideal investment for a discerning buyer seeking a ready-to-operate restaurant. The sale price is $495,000.

    Property Features for 226 Sheridan Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,680 SF

    Building Details

    Year Built
    1985
    Property Profile Location Intelligence

    Current Use by Public Records

    Labor Solutions LLC Employment Agency Rosati's Pizza Sports Bar

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.83038
    Latitude
    42.36348

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    FAQs

    What type of property is this?
    Commercial real estate - Established Restaurant, Prime Location, 36 Parking Spaces
    Where is this commercial real estate located?
    The property is located at 226 Sheridan Rd Waukegan, IL.
    What is the asking price?
    The asking price for this property is $495,000.
    (815) 385-6770
    Request Owner's contact information
    226 Sheridan Rd Waukegan, IL 60085
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    Waukegan, IL 60085
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    226 Sheridan Rd Waukegan, IL 60085
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