Established Deli
For Sale
$700,000
818 State St, Lemont, IL 60439
Operating food-service business includes equipment, inventory, and a second-floor area with four private rooms.
Property Size3,200 SF
Price / SF$218.75
Days on Market48
Property Features for 818 State St
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Business Opportunity
Listing Agency:
REMAX Legends
Listed By:
Neringa Koller · License #471006798
(630) 325-4410
Source:
Realtopiare
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 28 at 2:28PM
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 REMAX Legends
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes a deli business that has operated for more than 20 years at 818 State St in Lemont, Illinois. The sale includes the operating business, equipment, inventory, and personal property associated with the operation, providing a substantially outfitted food-service setup.
The property measures 3,200 in stated property size and includes a second floor with four private rooms. Those rooms may support professional office or other approved uses, subject to village approval, creating additional flexibility within the property. The address is in downtown Lemont along State Street.
The property measures 3,200 in stated property size and includes a second floor with four private rooms. Those rooms may support professional office or other approved uses, subject to village approval, creating additional flexibility within the property. The address is in downtown Lemont along State Street.
Key Highlights
- Deli business with more than 20 years of operating history
- Sale includes all inventory, equipment, and personal property
- Second floor contains four private rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,568
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,360
$1.1M
Cap Rate 7%
$765,257
$765.3K
Cap Rate 9%
$595,200
$595.2K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$76.8K $24.00/SF
− Vacancy
−$5.4K −$1.68/SF
EGI
$71.4K $22.32/SF
− OpEx
−$17.9K −$5.58/SF
NOI
$53.6K $16.74/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,360
Cap Rate 7%
$765,257
Cap Rate 9%
$595,200
Alternative Uses
Best Use
Specialty Retail
$765.3K
$669.6K – $892.8K
NOI $53,568 @ 7.0% cap · market cap 7.65%
Second Best
Retail
$634.5K
$555.2K – $740.3K
NOI $44,417 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$1.10M
$966.7K – $1.29M
NOI $77,337 @ 7.0% cap · market cap 11.05%
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
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Home Improvements & Furnishings 19%
Dining 9%
Dollar Tree
Shops & Services
10,680 visits/mo
0.4 miles
Chase Bank
Shops & Services
7,578 visits/mo
0.5 miles
Lemont Ace Hardware
Home Improvements & Furnishings
4,834 visits/mo
0.4 miles
SUBWAY
Dining
2,355 visits/mo
0.4 miles
Carquest Auto Parts # 4784
Shops & Services
444 visits/mo
0.4 miles
Demographics for 60439, IL
24,327
Population
8,962
Households
2.7
Avg Household Size
45
Median Age
45%
College-Educated
95%
High-School Grad
29.7 sq mi
ZIP Area
819
Density / Sq Mi
$132,511
Median Household Income
$60,561
Median Earnings
$1,046
Median Rent
$466,800
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating food-service business includes equipment, inventory, and a second-floor area with four private rooms.
Where is this conventional restaurant located?
The property is located at 818 State St Lemont, IL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Deli business with more than 20 years of operating history; Sale includes all inventory, equipment, and personal property; Second floor contains four private rooms
