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    OFF-MARKET
    Retail properties & Spaces

    999 Confidential, Mundelein, IL 60060

    13,000 SF 2.67 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional opportunity presents a thriving restaurant business and its accompanying real estate in Mundelein, IL. The 13,000 square foot restaurant, situated on a 2.67-acre lot, boasts a 45+ year history, a loyal customer base, and significant growth potential. The sale includes all furniture, fixtures, and equipment (FFE), inventory, recipes, and the established brand name. Currently generating profit, the restaurant offers ample room for expansion, including extending operating hours and adding gaming machines (permitted). The property features 170 parking spaces, a large bar area with seating for 30 and a stage for live entertainment, and a private dining room. The C-2 zoning allows for various uses. This turnkey operation is well-maintained and ready for immediate success. The asking price is $3,000,000, with a price per square foot of $230.77. Seating capacity is 350 patrons. A 3 pm liquor license is in place. This is a rare chance to acquire a profitable, established business with substantial real estate in a desirable location.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 13,000 SF
    Lot 2.67 ac (116,305 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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