Turnkey Restaurant with River
98 W Main St Hoffman Estates, IL 60047
98 W Main St, Hoffman Estates, IL, 60047
Contact for pricing
For Sale
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Fully equipped restaurant in downtown West Dundee with scenic views.
Property Size8,161 SF
Lot Size0.06 Acres
Price / SF$153.17
Days on Market351
Property Features for 98 W Main St
General Information
- Standard status
- Active
- Size
- 8,161 SF
- Lot size
- 0.06 Acres
- Property subtype
- RETAIL
Listing Agency
Premier Commercial Realty
(815) 236-9816
Listed by
Heather Schweitzer · License #471019756
(815) 236-9816
Source
Moodyscre
Added: Aug 5, 2025 Updated: Jul 6 at 8:53 am Checked: Jul 19 at 5:30 am
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 Premier Commercial Realty
Investment Insights
Based on property information with market context.
This turnkey restaurant is located in downtown West Dundee. The property has 8,161 square feet of space across three levels and a basement, accessible by elevator. It can accommodate up to 325 patrons. The restaurant includes a balcony that overlooks the Fox River, offering waterfront views. The interior features wood finishes. A bar provides space for patrons. The kitchen is fully built-out and equipped with all necessary FF&E. Convenient village lot and street parking are available. The property is fully handicap accessible. The location benefits from high traffic, with over 29,000 vehicles per day. This property is suitable for restaurant and retail use.
Key Highlights
- Turnkey, fully equipped restaurant ready for immediate operation.
- Prime downtown location in W. Dundee with high traffic (29,000 vpd).
- Enjoy scenic Fox River views and outdoor balcony seating.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $176.3k | $21.60 |
| − Vacancy | −$14.5k | −$1.77 |
| EGI | $161.8k | $19.83 |
| − OpEx | −$48.5k | −$5.95 |
| NOI | $113.3k | $13.88 |
8,161 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.95M
$1.71M – $2.28M
NOI $136,615 @ 7.0% cap · market cap 10.93%
Second Best
Retail
$1.62M
$1.42M – $1.89M
NOI $113,276 @ 7.0% cap · market cap 9.06%
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,233 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bleuroot
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Heybeck's Meat Market and Catering - Barrington — 227 N Northwest Hwy Ste 3, Barrington, IL 60010
FAQs
What type of property is this?
Restaurant - Fully equipped restaurant in downtown West Dundee with scenic views.
Where is this restaurant located?
The property is located at 98 W Main St Hoffman Estates, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Turnkey, fully equipped restaurant ready for immediate operation.; Prime downtown location in W. Dundee with high traffic (29,000 vpd).; Enjoy scenic Fox River views and outdoor balcony seating.
