10 W Grand Ave - Restaurant FOR SALE


Lake Villa, IL 60046
$1,100,000 USD
847-778-9519
10 W Grand Ave, Lake Villa, IL for Sale
$1,100,000 USD
Restaurant - FOR SALE
1/18
null | Request Cap Rate

10 W Grand Ave
Lake Villa, IL 60046


HIGHLIGHTS

  • Fully turn-key restaurant and bar ready for immediate operation
  • Located in a TIF district ripe for future development and investment
  • Prime Lake Villa location with high household income and high demand for dining
  • Main dining room seating for 100 guests
  • Private dining room for up to 12 guests for meetings or parties
  • Large, clean commercial kitchen designed for high-volume service and fast table turnover

OVERVIEW

Lovinger Partners - Baird and Warner is proud to present a rare turn-key restaurant and bar opportunity at 10 W Grand Avenue in the heart of Lake Villa. This beautifully built-out establishment is perfectly positioned to capture a market characterized by high household incomes and a significant demand for new dining options. The interior features a large rectangular bar designed for high-volume service, fully decked out with multiple televisions and a professional commercial equipment package ready for immediate profit. The layout provides seating for 100 guests in the main dining area plus a private dining room that accommodates up to 12 for intimate events or corporate meetings. Behind the scenes, the property boasts a large and exceptionally clean kitchen designed for speed and high table turnover. The beverage program is supported by walk-in coolers and a professional glycol tap system to ensure perfect pours every time. A central AV control system manages all music and television displays throughout the building. This is an ideal setup for a savvy proprietor looking to skip the build-out phase and move directly into operations in an underserved area.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$208 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Lake Villa Turn Key Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

General Commercial

APN/PARCEL ID

02-32-400-020

ASK ABOUT THIS PROPERTY

Benjamin LovingerBaird & WarnerMore Info
847-778-9519

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Benjamin LovingerBaird & WarnerMore Info
847-778-9519

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.