Property profile

9412 Waukegan Rd Morton Grove, IL 60053

OFF-MARKET
Retail properties & Spaces
2,200 SF
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
Total area 2,200 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Korean Barbecue Restaurant Bossam Restaurant

Location

9412 Waukegan Rd Morton Grove, IL 60053
Morton Grove metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 9412 Waukegan Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message