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Bar Space with Basement Access
For Lease
$16 SF/Yr

76 S Grove Avenue A, Elgin, IL 60120

Former bar premises include room for a kitchen installation to support restaurant use.

Space SizeContact for details
Days on Market89

Property Features for 76 S Grove Avenue A

General Information

Standard status Active

Additional Details

Available From Immediate

Building Details

Year Built 1900
Listing Agency: RE/MAX Horizon
Listed By: Ben Henrikson · License #475091643
Source: Amyboston.realtopiare
Added: Jul 21 Changed: Oct 1 Last Checked: Oct 7 at 2:48PM

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 RE/MAX Horizon

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Investment Insights

Based on property information with market context.

This former bar space is available for lease in a building constructed in 1900. The premises include basement access for liquor storage and have room for a kitchen installation if restaurant use is preferred.

Located in downtown Elgin at 76 S Grove Avenue A, the property is adjacent to a very large surface-level parking lot. Additional event space on the same floor and basement space are also available for lease, providing further premises within the building.

Key Highlights

  • Former bar space in downtown Elgin
  • Room for a kitchen installation to support restaurant use
  • Basement access designated for liquor storage

Property Analytics

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Current Use

Vern's Tavern Elgin Bar & Pub Vern’s Tavern Bar & Pub

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Carpet & Flooring Store Discount Store Home Appliance Store

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

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,458
Businesses Nearby
Well-served
Demand for This Use

Demographics for 60120, IL

50,799
Population
17,112
Households
3
Avg Household Size
35
Median Age
19%
College-Educated
74%
High-School Grad
17.4 sq mi
ZIP Area
2,919
Density / Sq Mi
$80,305
Median Household Income
$37,495
Median Earnings
$1,250
Median Rent
$227,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

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

Similar Off Market Nearby

  • Vern's Tavern Elgin — 76 S Grove Ave, Elgin, IL 60120
  • Vern’s Tavern — 76 s grove ave, elgin, il 60120
  • Lounge 51 — 51 S Grove Ave, Elgin, IL 60120
  • Eaton's Redwood Inn — 118 W Chicago St, Elgin, IL 60123
  • Chicago Steel Band — Elgin, IL 60121

Frequently Asked Questions

What type of property is this?
Bar & Pub - Former bar premises include room for a kitchen installation to support restaurant use.
Where is this bar & pub located?
The property is located at 76 S Grove Avenue A Elgin, IL.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Former bar space in downtown Elgin; Room for a kitchen installation to support restaurant use; Basement access designated for liquor storage
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