Property profile

2816 Rte Lakemoor, IL 60051

OFF-MARKET
Retail properties & Spaces
5,448 SF Built 1960
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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

Location

2816 Rte Lakemoor, IL 60051
Lakemoor metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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