Family Restaurant with
3077 Sheridan Rd, Zion, IL 60099
For Sale
Contact for pricing
The sale combines the operating business, seller-owned equipment, and three tax parcels under HB-2 Highway Business zoning.
Property Size3,422 SF
Lot Size0.32 Acres
Price / SF$219.17
Days on Market14
Property Features for 3077 Sheridan Rd
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Financials
Asking Price
Business Included
Restaurant
Patio
Equipment Included
Additional Details
Furnished
Currently Operating
Listing Agency:
Keller Williams North Shore West
Listed By:
Anna Linscheid · License #475197870
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 3:34PM
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 Keller Williams North Shore West
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Investment Insights
Based on property information with market context.
This restaurant and its real estate occupy approximately 3,422 square feet on a 0.32-acre site in Zion. The offering includes three tax parcels, 26 on-site parking spaces, an outdoor patio, and seller-owned furniture, fixtures, and equipment, subject to the purchase agreement. The operating business has been in service for about three and a half decades. Inside, multiple dining areas accommodate booth and table seating, with counter and bar service, food-preparation areas, and walk-in refrigeration and freezer capacity.
The property sits at the Sheridan Road and 31st Street corner, with exposure along Sheridan Road. It is located minutes from the lakefront and is zoned HB-2 Highway Business. The restaurant business and real estate are being offered together.
The property sits at the Sheridan Road and 31st Street corner, with exposure along Sheridan Road. It is located minutes from the lakefront and is zoned HB-2 Highway Business. The restaurant business and real estate are being offered together.
Key Highlights
- Approximately 3,422 square feet on a 0.32‑acre site
- Three tax parcels with HB‑2 Highway Business zoning
- 26 on‑site parking spaces and an outdoor patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,994
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,259,880
$1.3M
Cap Rate 7%
$899,914
$899.9K
Cap Rate 9%
$699,933
$699.9K
Market Conditions
NOI Build-Up for 3,422 SF
Gross rent
$86.2K $25.20/SF
− Vacancy
−$2.2K −$0.66/SF
EGI
$84.0K $24.54/SF
− OpEx
−$21.0K −$6.14/SF
NOI
$63.0K $18.41/SF
Area
Lake County, IL
Vacancy
2.60%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,259,880
Cap Rate 7%
$899,914
Cap Rate 9%
$699,933
Alternative Uses
Best Use
Specialty Retail
$899.9K
$787.4K – $1.05M
NOI $62,994 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$933.1K
$816.5K – $1.09M
NOI $65,317 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
32k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 97%
Shops & Services 3%
Culver's
Dining
14,054 visits/mo
0.4 miles
Wendy's
Dining
10,228 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
6,698 visits/mo
0.4 miles
Extra Space Storage
Shops & Services
1,020 visits/mo
0.5 miles
Demographics for 60099, IL
31,579
Population
12,085
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
86%
High-School Grad
22.6 sq mi
ZIP Area
1,397
Density / Sq Mi
$65,647
Median Household Income
$36,541
Median Earnings
$1,131
Median Rent
$190,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Conventional restaurants in Lake County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale combines the operating business, seller-owned equipment, and three tax parcels under HB-2 Highway Business zoning.
Where is this conventional restaurant located?
The property is located at 3077 Sheridan Rd Zion, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 3,422 square feet on a 0.32‑acre site; Three tax parcels with HB‑2 Highway Business zoning; 26 on‑site parking spaces and an outdoor patio
