Freestanding Restaurant with
For Sale
$995,000
131 N Annie Glidden Road, Dekalb, IL 60115
The equipped kitchen includes a hood and fire-suppression system, and furnishings and equipment may transfer with the transaction.
Property Size4,814 SF
Lot Size1.57 Acres
Price / SF$206.69
Days on Market606
Property Features for 131 N Annie Glidden Road
General Information
Standard status
Active
Size
4,814 SF
Lot size
1.57 Acres
Property subtype
Commercial
Zoning
COMMR
Restaurant
Seating Capacity
234
Commercial Hood
Yes
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$37,130
Building Details
Building Size
4,814 SF
Year Built
2000
Buildings
1
Stories
1
Listing Agency:
Coldwell Banker Real Estate Group
Listed By:
Charles Kirkwood · License #475142955
(630) 232-6900
Source:
Fishmangroup
Added: Feb 25, 2025
Changed: Oct 23
Last Checked: Oct 23 at 1:22PM
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 Coldwell Banker Real Estate Group
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Investment Insights
Based on property information with market context.
This freestanding restaurant building contains 4,814 square feet and was built in 2000. Its restaurant layout accommodates 234 seats, with a fenced outdoor dining area and a fully equipped kitchen featuring a hood and fire suppression. Existing furniture, fixtures, and equipment may be included in a sale or lease. The property is offered in as-is condition and is zoned COMMR.
Set on 1.57 acres near Northern Illinois University, the property is close to Starbucks, Chipotle, Potbelly, McDonald’s, and CVS. The site has more than 70 parking spaces and room for a drive-through.
Set on 1.57 acres near Northern Illinois University, the property is close to Starbucks, Chipotle, Potbelly, McDonald’s, and CVS. The site has more than 70 parking spaces and room for a drive-through.
Key Highlights
- 4,814‑square‑foot building on 1.57 acres
- Restaurant seating for 234, plus a fenced outdoor dining area
- More than 70 parking spaces and room for a drive‑through
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,586
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,611,720
$1.6M
Cap Rate 7%
$1,151,229
$1.2M
Cap Rate 9%
$895,400
$895.4K
Market Conditions
NOI Build-Up for 4,814 SF
Gross rent
$115.5K $24.00/SF
− Vacancy
−$8.1K −$1.68/SF
EGI
$107.4K $22.32/SF
− OpEx
−$26.9K −$5.58/SF
NOI
$80.6K $16.74/SF
Area
DeKalb 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%
$1,611,720
Cap Rate 7%
$1,151,229
Cap Rate 9%
$895,400
Alternative Uses
Best Use
Specialty Retail
$1.15M
$1.01M – $1.34M
NOI $80,586 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,344 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
134k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 86%
Shops & Services 11%
Hotels & Casinos 3%
McDonald's
Dining
26,360 visits/mo
0.3 miles
Culver's
Dining
14,993 visits/mo
0.2 miles
Starbucks
Dining
14,238 visits/mo
0.1 miles
Taco Bell
Dining
11,670 visits/mo
0.1 miles
Chipotle Mexican Grill
Dining
11,024 visits/mo
0.1 miles
Demographics for 60115, IL
42,103
Population
18,175
Households
2.3
Avg Household Size
29
Median Age
36%
College-Educated
90%
High-School Grad
81.0 sq mi
ZIP Area
520
Density / Sq Mi
$46,808
Median Household Income
$22,838
Median Earnings
$1,018
Median Rent
$205,700
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 - The equipped kitchen includes a hood and fire-suppression system, and furnishings and equipment may transfer with the transaction.
Where is this conventional restaurant located?
The property is located at 131 N Annie Glidden Road Dekalb, IL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 4,814‑square‑foot building on 1.57 acres; Restaurant seating for 234, plus a fenced outdoor dining area; More than 70 parking spaces and room for a drive‑through
