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    132 N Old Mchenry Rd Long Grove, IL 60047

    For Sale
    $139,000

    Restaurant and wine bar with licenses in historic Long Grove.

    Property Features for 132 N Old Mchenry Rd

    General Information

    Standard status
    Active

    Source: KUDAN GROUP, INC. Agent GEORG SIMOS

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

    Overview

    Restaurant and Wine Bar Opportunity

    The property features a restaurant and wine bar known as Corked, offering a space for patrons to enjoy wines from around the world, a diverse menu, and conversation. Situated in historic Long Grove, the establishment includes a large patio, lawn, and an interior dining room and bar. The business holds liquor, food, and package liquor sales licenses. The property can be converted to other concepts.
    Location Intelligence

    Current Use by Public Records

    Bars

    Similar Places Nearby

    Broken Earth Winery Long Grove, With in reach bar, The Chatter Box of Long Grove, The Village Tavern, Broken Earth Winery, L.L.C.

    Map

    City
    Long Grove
    County
    Lake
    State
    Illinois
    Longitude
    -88.0504
    Latitude
    42.201

    Nearby Similar for Sale

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      View Details

    FAQs

    What type of property is this?
    Bar - Restaurant and wine bar with licenses in historic Long Grove.
    Where is this bar located?
    The property is located at 132 N Old Mchenry Rd Long Grove, IL.
    What is the asking price?
    The asking price for this property is $139,000.
    What are key features of this property?
    This property features: - Established restaurant and wine bar in historic Long Grove.; - Includes liquor, food, and package liquor sales licenses.; - Features a **large patio and lawn for outdoor dining**.
    (312) 575-0480
    Request Owner's contact information
    132 N Old Mchenry Rd Long Grove, IL 60047
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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
    132 N Old Mchenry Rd Long Grove, IL 60047
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