Property profile

7680 Grand Ave Gurnee, IL 60031

OFF-MARKET
Turn key restaurants
Property ID
US28-1752620
7,835 SF 0.57 ac lot Built 1990
Trust Owned 8-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Restaurant

Location

7680 Grand Ave Gurnee, IL 60031-1554
Gurnee metro Census 861604 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2018
7 recorded transactions
2018
Price N/A
2002
$1.0M
2002
Price N/A
2002
Price N/A
1998
Price N/A
1969
Price N/A
1969
Price N/A

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
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