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    1640 S River Rd Des Plaines, IL 60018

    For Sale
    $699,900

    Freestanding building with equipment and parking in high-traffic area.

    Property Features for 1640 S River Rd

    General Information

    Exterior features
    exterior_features, : ["Electric to Site", "Natural Gas Available", "Sewer Connected", "Water Available"]

    Source: Berkshire Hathaway HomeServices Starck Real Estate Agent Joanne Hronopoulos

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

    Overview

    Turnkey Restaurant Opportunity For Sale

    This is a turnkey business, property, and building for sale, situated in a high-traffic area with high visibility. The property is a free-standing building on a corner lot, featuring a parking lot with space for 31 to 50 vehicles. All attached fixtures and equipment are included in the sale. The restaurant has operated for over 55 years as a breakfast establishment and offers potential for expansion to serve dinner. The C-3 zoning allows for a wide array of commercial activities, ranging from restaurants to general retail services.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mrs V's Restaurant American Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Des Plaines Family Restaurant & Pancake House

    Location Insight

    • Map
    • Local Demand
    City
    Des Plaines
    County
    Cook
    State
    Illinois
    Longitude
    -87.876609
    Latitude
    42.023144

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    FAQs

    What type of property is this?
    Breakfast & diner - Freestanding building with equipment and parking in high-traffic area.
    Where is this breakfast & diner located?
    The property is located at 1640 S River Rd Des Plaines, IL.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: - High-traffic location with excellent visibility.; - Large parking lot with 31-50 spaces.; - Turnkey business, property, and building included in sale.
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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
    1640 S River Rd Des Plaines, IL 60018
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