228 E Washington St, Oswego, IL 60543
For Lease
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This exceptional 1,700 square foot retail property, located at 228 E Washington St, Oswego, IL 60543, presents a rare opportunity. Currently operating as a successful Italian restaurant and pizzeria with a 40+ year history and loyal customer base, this turnkey business is priced at $450,000, reflecting both property and business value. The sale includes the transfer of business assets via an asset purchase agreement. Situated on a 0.24-acre lot (APN: 03-20-128-011) with M-1 zoning, the single-story building boasts a 12-table dining room, bar, and a three-table front patio. A fully equipped kitchen features two pizza ovens. The property benefits from a strong demographic profile, with average household incomes exceeding $119,820 within a two-mile radius. This prime location in growing Oswego sits between the downtown area and Route 34, offering significant potential for continued growth under current ownership or with a new concept. Detailed equipment lists and financials are available to qualified buyers upon request. This is an ideal opportunity for an established restaurateur or a new business looking to capitalize on a thriving market.
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Danelli's Pizzeria & Italian Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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.