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    OFF-MARKET
    Retail properties & Spaces

    9412 Waukegan Rd, Morton Grove, IL 60053

    2,200 SF
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Hal Mae Bo Ssam Box Lunch Supplier Korean Barbecue Restaurant
    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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