2816 Rte, Lakemoor, IL 60051
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.
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.
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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.