7680 Grand Ave, Gurnee, IL 60031-1554
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.
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Salutos Pizza & Pasta 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.