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    Mundelein Mixed-Use Investment Opportunity Title is generated by Realmo AI

    1116 Diamond Lake Rd, Mundelein, IL

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    Fully equipped restaurant, convenience store, and residential units for sale.

    Type:RETAIL
    Property size:
    12,875 SF
    Lot size:
    0.38 Acres
    Price / SF:
    $112/SF
    Added:
    Nov 27, 2024
    Days on Market:
    565
    Last Refresh:
    May 20 at 8:53 pm

    Property Features for 1116 Diamond Lake Rd

    General Information

    Standard status
    Active
    Size
    12,875 SF
    Lot size
    0.38 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Beth Petri
    Beth Petri

    Listing agent Randy Petri, IPS License #IL 475174514

    Listing office Caton Commercial

    Listing date Nov 27, 2024

    Source Moodyscre

    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 Caton Commercial

    HighLights

    • Fully Equipped Restaurant with Transferrable Gaming and Liquor License
    • Includes Leased Convenience Store and 2 Residential Units for Income
    • FF&E Included in Sale
    • Upside Potential for Increased Restaurant Sales
    • Off‑Street Parking and Storage Shed Included
    • Established Family Restaurant with 40+ Year History

    Overview

    This property features a fully equipped, currently active restaurant suitable for an owner/user. The sale includes a transferrable gaming and liquor license, subject to background check and no name change. In addition to the restaurant, the property includes a fully leased convenience store and two residential units. The restaurant, family-owned with over 40 years of history in the Mundelein area, offers upside potential for increased sales through extended hours and participation in village events. Furniture, fixtures, and equipment (FF&E) are included in the sale. The property also features off-street parking and a storage shed. The property size is 12875 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Mundelein
    County
    Lake
    State
    Illinois
    Longitude
    -88.004
    Latitude
    42.2631

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    FAQs

    What type of property is this?
    Conventional restaurant - Fully equipped restaurant, convenience store, and residential units for sale.
    Where is this conventional restaurant located?
    The property is located at 1116 Diamond Lake Rd Mundelein, IL.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Fully Equipped Restaurant with Transferrable Gaming and Liquor License; Includes Leased Convenience Store and 2 Residential Units for Income; FF&E Included in Sale
    (815) 436-5700 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Beth Petri
    Beth Petri
    Real Estate License ID: IL 475174514
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