999 Confidential, Mundelein, IL 60060
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.