Property summary
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
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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