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    Property profile & analytics
    OFF-MARKET Estimated value $525,000
    Turn key restaurants

    7680 Grand Ave, Gurnee, IL 60031-1554

    7,835 SF 0.57 ac lot Built 1990
    Trust Owned 7-yr Hold Free & Clear
    Property ID
    US28-1752620
    Property summary
    AI-generated overview

    This exceptional 7,800 square foot restaurant located at 7680 Grand Avenue in Gurnee, Illinois, presents a truly turnkey opportunity for a discerning buyer. The property is priced at $1,299,000 and offers a fully operational kitchen, complete with all necessary furniture, fixtures, and equipment (FFE). The inviting interior includes a distinctive bar area featuring a unique built-in tree design, adding a touch of character and ambiance. A significant advantage is the inclusion of a second-level party room, providing versatile space for private events, celebrations, or expanded dining capacity. This adds considerable value and potential for increased revenue streams. The property sits on a sizable lot, offering ample space for outdoor seating, potential expansion, or additional development. The prime location on Grand Avenue in Gurnee ensures high visibility and accessibility, making it an ideal setting for a thriving restaurant business. This is a rare opportunity to acquire an established and well-equipped restaurant in a desirable location, ready for immediate operation and poised for continued success. The property is ready to welcome guests and create unforgettable dining experiences. All aspects of the business are in place, allowing for a seamless transition for the new owner.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1990
    Construction BRICK
    Total area 7,835 SF
    Lot 0.57 ac (24,829 SF)
    APN 07-07-407-017
    UPID US28-1752620
    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
    • Salutos Pizza & Pasta Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $425k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $626k
    Blend (final) Blend
    $525k
    Owner & transaction history
    Bode,melody P Trust · 7 yrs held
    Bode,melody P Trust
    since 2018
    7 recorded transactions
    2018
    2002
    $1.0M
    2002
    2002
    1998
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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