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    823 W Lake St Hanover Park, IL 60103

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    For Lease
    Contact for pricing

    First generation restaurant space with drive-thru, connected to Thorntons.

    Property size:
    2,600 SF
    Lot size:
    6.02 Acres

    Property Features for 823 W Lake St

    General Information

    Size
    2,600 SF
    Lot size
    6.02 Acres

    Source: Newmark | Chicago Agent James (Jim) Schutter

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    QSR End Cap with Drive-Thru

    This is a first-generation quick-service restaurant (QSR) end cap space featuring a double-window drive-thru. The property is connected to a high-traffic Thorntons location. The property is suitable for drive-through restaurants, restaurants, retail properties, retail space, and individual retail properties. The property has a size of 2600 square feet.
    Location Intelligence

    Current Use by Public Records

    Thorntons Gas Station Thortons Gas Station

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanover Park
    County
    Cook
    State
    Illinois
    Longitude
    -88.1918718
    Latitude
    42.00423

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    FAQs

    What type of property is this?
    Drive through restaurant - First generation restaurant space with drive-thru, connected to Thorntons.
    Where is this drive through restaurant located?
    The property is located at 823 W Lake St Hanover Park, IL.
    What are key features of this property?
    This property features: - First generation QSR end cap; - Double window drive thru; - Connected to a highly trafficked Thorntons
    (312) 698-6700
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    823 W Lake St Hanover Park, IL 60103
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    Hanover Park, IL 60103
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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
    823 W Lake St Hanover Park, IL 60103
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