Property summary
This exceptional turnkey restaurant opportunity in Morton Grove, IL, is available due to the owner's retirement. Located at 9412 Waukegan Rd, 60053, this well-established eatery boasts 2,200 square feet of space in a single-story building, renovated in 2023. The restaurant features a modern interior, a private room perfect for parties (complete with karaoke and bar), and a diverse menu of popular Korean cuisine. A liquor license is included in the sale, along with the established goodwill of the business. The sale price is $150,000 ($68.18/sq ft), and the lease is a NNN type. The owner is offering training to ensure a smooth transition for the new owner. This is a business-only sale, representing a fantastic chance to acquire a profitable, ready-to-operate restaurant with immediate revenue potential. The property consists of two units, totaling 2,200 net rentable square feet. This is a rare opportunity to step into an existing successful business with a loyal customer base.
Property profile
VerifiedCap rate & NOI
Current use
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Korean Barbecue Restaurant Bossam Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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