Turn-Key Restaurant with
20 W Golf Rd Des Plaines, IL
20 W Golf Rd, Des Plaines, IL, 00000
Contact for pricing
For Sale
Contact for pricing
2,800 SF turn-key restaurant with drive-thru and ample parking.
Property Size2,800 SF
Lot Size0.52 Acres
Price / SF$330.36
Days on Market984
Property Features for 20 W Golf Rd
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Lot size
- 0.52 Acres
- Property subtype
- RETAIL
Listing agency
CRE Advising
(847) 638-0828
Listed by
Joe Gloria
Source
Moodyscre
Added: Nov 10, 2023 Updated: Jul 6 at 10:43AM Checked: Jul 21 at 4:07AM
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 CRE Advising
Investment Insights
Based on property information with market context.
This property, constructed in 2007, is a 2,800 square foot second-generation, turn-key, fast casual restaurant. It features an existing drive-thru and a fully equipped kitchen. The sale includes furniture, fixtures, and equipment (FF&E). The property has approximately 159 feet of frontage along Golf Road, a highly trafficked thoroughfare. On-site parking is available for approximately 40 cars. Zoned C-3, this property is suitable for an investment buyer or an owner-user and is ideal for a grill, diner, or fast food/fast casual restaurant.
Key Highlights
- Turn‑key, 2nd generation fast casual restaurant with existing drive‑thru.
- Fully equipped kitchen and FF&E included in sale.
- 159' frontage on highly trafficked Golf Rd.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.2k | $24.00 |
| − Vacancy | −$4.7k | −$1.68 |
| EGI | $62.5k | $22.32 |
| − OpEx | −$15.6k | −$5.58 |
| NOI | $46.9k | $16.74 |
2,800 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$669.6K
$585.9K – $781.2K
NOI $46,872 @ 7.0% cap · market cap 5.07%
Second Best
Retail
$555.2K
$485.8K – $647.7K
NOI $38,864 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$966.7K
$845.9K – $1.13M
NOI $67,670 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Johnny's Place
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - 2,800 SF turn-key restaurant with drive-thru and ample parking.
Where is this drive through restaurant located?
The property is located at 20 W Golf Rd Des Plaines, IL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Turn‑key, 2nd generation fast casual restaurant with existing drive‑thru.; Fully equipped kitchen and FF&E included in sale.; 159' frontage on highly trafficked Golf Rd.
