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    OFF-MARKET
    Retail properties & Spaces

    2816 Rte, Lakemoor, IL 60051

    5,448 SF Built 1960
    Property ID
    Property summary
    AI-generated overview

    This exceptional turnkey restaurant opportunity in Lakemoor, IL, presents a rare chance to acquire a thriving, established business. Located at 2816 W IL Route 120, this 5,448 square foot, single-story restaurant sits on a 33,106 square foot lot and boasts 49 parking spaces. Built in 1960/1938, the property is zoned commercial (Class C) and features a stunning interior, private dining areas ideal for events, a spacious bar, and even a slot machine area. Outdoor seating expands capacity. The sale includes the real estate, land, building, all equipment, supplies, recipes, and a dedicated, experienced staff. This well-regarded restaurant, with over 190 Google reviews and a 4.5-star rating, offers a seamless transition for new ownership. The asking price is $1,624,000 ($311.12/sq ft). This is a unique opportunity to capitalize on McHenry's vibrant culinary scene and continue the legacy of a highly successful restaurant. The property's APN is 0925354022. This owner/user investment opportunity is not to be missed.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1960
    Total area 5,448 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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