Sports Bar and Dance
698 North Milwaukee Avenue Prospect Heights, IL 60070
698 North Milwaukee Avenue, Prospect Heights, IL, 60070
$1,500,000
For Sale
$1,500,000
Established sports bar/dance venue with 365 seats, including 50-seat patio, and 4AM daily liquor license.
Days on Market27
Property Features for 698 North Milwaukee Avenue
General Information
- Standard status
- Active
- Property subtype
- Hospitality
Building Details
- Year Built
- 1991
Listing agency
Troy Companies
(815) 404-9171
Listed by
Chad Severson · License #IL #475.172221
(815) 404-9171
Source
Troyrealtyltd
Added: Jun 25 Updated: Jul 20 at 5:23PM Checked: Jul 21 at 6:41AM
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 Troy Companies
Investment Insights
Based on property information with market context.
An established Prospect Heights sports bar and dance venue built for high-volume food, beverage, and entertainment service. The venue totals 365 seats, including a 50-seat patio (14% outdoor seating ratio). Operations run 3PM–3AM daily within a 12-hour window, and it holds a very rare 20-hour liquor license with licensed hours of 4AM daily. The business is described as having a multi-bar layout, supported by professional sound system and lighting infrastructure for DJ and dance nights.
Financial performance is reported with $1.5M gross sales in 2024 and $300,000+ Seller’s Discretionary Earnings (20% SDE margin). 2025 gross sales are noted as $1.3M, with cash flow over $500k. Video gaming is listed as an additional income stream, with $127,243 take-home (2024). The remarks also note these figures exclude any cover charges at $20 per person and over 600 covers on Fri/Sat.
The property is offered on lease terms of $10,500/month NNN, with the business stated to be in year 7 of a 10-year extension (3 years remaining). Additional reported elements include a licensed-hours advantage versus standard 2AM closures, a state-leading Modelo account, and reported seasonal revenue from outdoor bands and summer festivals.
Financial performance is reported with $1.5M gross sales in 2024 and $300,000+ Seller’s Discretionary Earnings (20% SDE margin). 2025 gross sales are noted as $1.3M, with cash flow over $500k. Video gaming is listed as an additional income stream, with $127,243 take-home (2024). The remarks also note these figures exclude any cover charges at $20 per person and over 600 covers on Fri/Sat.
The property is offered on lease terms of $10,500/month NNN, with the business stated to be in year 7 of a 10-year extension (3 years remaining). Additional reported elements include a licensed-hours advantage versus standard 2AM closures, a state-leading Modelo account, and reported seasonal revenue from outdoor bands and summer festivals.
Key Highlights
- Established 1991 sports bar and dance venue with 365 total seats, including a 50‑seat patio (14% outdoor seating).
- 4AM daily liquor license with 20‑hour license; licensed hours maximize late‑night operations and allow earlier opening for additional gaming revenue.
- 2024 performance includes $1.5M gross sales and $300,000+ Seller’s Discretionary Earnings (20% SDE margin).
Property Analytics
Location Intelligence
Current Use by Public Records
Rocky's American Grill
Restaurant
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- District Brew Yards — 700 N Milwaukee Ave, Wheeling, IL 60090
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FAQs
What type of property is this?
Bar & Pub - Established sports bar/dance venue with 365 seats, including 50-seat patio, and 4AM daily liquor license.
Where is this bar & pub located?
The property is located at 698 North Milwaukee Avenue Prospect Heights, IL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Established 1991 sports bar and dance venue with 365 total seats, including a 50‑seat patio (14% outdoor seating).; 4AM daily liquor license with 20‑hour license; licensed hours maximize late‑night operations and allow earlier opening for additional gaming revenue.; 2024 performance includes $1.5M gross sales and $300,000+ Seller’s Discretionary Earnings (20% SDE margin).
