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Restaurant with Outdoor Patio

311 Waukegan Avenue, Highwood, IL 60040

For Sale
New
$250,000

Business Opportunity, Highwood, IL

Property SizeContact for details
Lot Size0.11 Acres
Days on Market2

Property Features for 311 Waukegan Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMMR
Directions Green Bay Rd to Highwood Ave East Over Tracks to Waukegan Ave North to Number 311
Subdivision Highwood
Standard status Active
APN 16154070200000
Lot size 0.11 Acres

Tenancy & Operations

Currently Operating Yes
Business Included Yes

Taxes and HOA fees

Tax Year 2025

Utilities

Cooling system Central Air

Building Details

Floors in Building 1
Building materials Brick
Roof type Rubber
Listing Agency: Netgar Investments Inc
Listed By: Stephanie Solano
Added: Nov 5 Changed: Nov 6 Last Checked: Nov 6 at 3:06PM
MLS# 12802213

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This restaurant property at 311 Waukegan Avenue includes interior dining with booths and tables, a dedicated bar, and a commercial kitchen. An outdoor patio adds another seating area. Restaurant features and trade fixtures are included in the sale. The building has brick construction, central air, and a rubber roof, and the parcel measures 0.1148 acres.

Key Highlights

  • Outdoor patio provides additional restaurant seating
  • Dining room includes booths and tables, plus a dedicated bar
  • Commercial kitchen and restaurant trade fixtures included in the sale

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

La Casa de ... Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Auto Parts Store Nail Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

673
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 57% Shops & Services 39% Electronics 5%
Tacos El Norte Dining
4,821 visits/mo 0.5 miles
Domino's Pizza Dining
2,697 visits/mo 0.2 miles
Citgo Shops & Services
2,502 visits/mo 0.4 miles
U.S. Bank Shops & Services
2,154 visits/mo 0.0 miles
Metro by T-Mobile Electronics
611 visits/mo 0.4 miles

Demographics for 60040, IL

5,102
Population
1,969
Households
2.6
Avg Household Size
37
Median Age
38%
College-Educated
80%
High-School Grad
0.8 sq mi
ZIP Area
6,378
Density / Sq Mi
$101,862
Median Household Income
$41,361
Median Earnings
$1,800
Median Rent
$454,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Conventional restaurants in Lake County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Dining space, a bar, and a commercial kitchen are complemented by an outdoor seating area.
Where is this conventional restaurant located?
The property is located at 311 Waukegan Avenue Highwood, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Outdoor patio provides additional restaurant seating; Dining room includes booths and tables, plus a dedicated bar; Commercial kitchen and restaurant trade fixtures included in the sale
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