1144 Devon Ave - Freestanding FOR SALE


Elk Grove Village, IL 60007- Des Plaines/Arlington Hts Corridor
$950,000 USD
847-651-3834
1144 Devon Ave, Elk Grove Village, IL for Sale
$950,000 USD
Freestanding - FOR SALE
1/7
null | Request Cap Rate

1144 Devon Ave
Elk Grove Village, IL 60007
Des Plaines/Arlington Hts Corridor


HIGHLIGHTS

  • Interior Features High Ceilings, Expansive Windows, Spacious Dining Room, Large Wait Station, Fully-Equipped Commercial Kitchen & Ample Parking
  • In A Busy Plaza With A Diverse Tenant Mix At A Signalized Intersection In A Sought-After Northwest Suburb
  • On A Major Thoroughfare & Commercial Corridor With High Visibility & Traffic Flow - Close To The Interchange Of 2 Major Interstates
  • In The Village’s Massive Business Park & Vibrant Industrial Hub - Surrounded By Industrial Parks, Logistics Facilities, Corporation Offices & Hotels
  • Also A Vast Residential Area - Close To Homes, Schools & Local Businesses - Population Over 90,000 w/Median Household Income Over $95,000 w/in 3-Miles
  • Bring Your Concept Here - Versatile Space For Any Type Of Restaurant - Can Also Add Gaming!!

OVERVIEW

Fully-Equipped Freestanding Restaurant Sought-After Northwest Suburb - Property For Sale! "Out-lot Of A Busy Plaza - At A Signalized Intersection - On A Major Thoroughfare/A Dense Commercial Corridor - Within A Massive Business Park/Vibrant Industrial Hub & Surrounded By A Dense Residential Area" Popular long-established pancake house and lunch cafe. Offering all-day breakfast/brunch and traditional comfort food. Full-service restaurant. Dine-in, carryout, pickup and 3rd party delivery. Features high ceilings, exposed beams, expansive windows, a spacious dining room, large wait station and fully equipped commercial kitchen. Long established restaurant location over 47 years. And with the current operator 14 years. Asset sale with property - all furniture, fixtures and equipment (FF&E) included. Business is not for sale - no financials. This exceptional restaurant opportunity offers a turnkey operation in one of the most business-friendly communities in the United States. Also, a rare opportunity to acquire a proven restaurant location together with its real estate in a sought-after northwest suburb. With a fully equipped kitchen, established location and strong surrounding demographics, this property is positioned for continued success. Plus, an incredible opportunity for long-term real estate appreciation. Bring your concept here! Can also add gaming!! Location: Prime retail space in a large one-story freestanding building with ample parking on one of Chicagoland’s most stable and densely populated northwest suburban corridors. Perfectly situated in a busy plaza with a diverse tenant mix and easy access at the signalized intersection of two high traffic routes. Well positioned on a major thoroughfare and a dense commercial corridor with excellent street exposure, high visibility and strong traffic flow (22,000+ VPD) close to the interchange of two major interstates. And strategically located in the village’s massive business park and vibrant industrial hub, surrounded by corporate offices, logistics facilities, industrial parks and hotels. As well as surrounded by a dense residential and established retail/service area, close to homes, schools and local businesses. Plus, just 5 minutes from two Metra stations and less than 15 minutes from O’Hare International Airport. Year Established: 2012. Property Information: One-story freestanding building. Built in 1979. On .61 acre or 26,272 sqft. Class C. Zoning B-2. $1,200 plaza parking lot maintenance fee. Real estate taxes $44,317. Square Feet: 5,288. Seating: 200+ Inside. Owners Role: Absentee owned and operated. Gross Sales: (Asset Sale). Net Operating Income: (Asset Sale). Value of FF&E: Included In Asking Price (Valued at $250,000). Seller Financing Available: No. Reasons for Selling: Other interests. Competition/Market: Fully built-out. Spacious dining room. Versatile space for any type of restaurant. Efficient set up for high volumes. Conveniently located on established retail and service corridors with excellent commuter visibility and high traffic counts, plus access to regional expressways. Benefits from strong surrounding demographics. Sits within a mature residential and commercial trade area that consistently supports restaurant operators. Growth & Expansion: In a sought-after northwest suburb. Within one of the most stable municipalities in the northwest suburbs. On two dense suburban commercial corridors. In the heart of a robust business and industrial market with a significant nearby employment base. Plus, surrounded by a dense residential area with a population of over 90,000 with a median household income of over $95,000 within a 3-mile radius. Location, location, location!!! Feel free to stop by the location as a customer 1st. This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. If interested, please email Tom Traina at Tom@eatz-associates.com or call 847-651-3834 for more information. Showings by appointment only outside of business hours. Listed by Tom Traina at EatZ & Associates / EatZ Real Estate Group LLC

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Freestanding Restaurant - EBC-EGV-IL-TT

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

B-2

APN/PARCEL ID

08-31-400-010-0000

ASK ABOUT THIS PROPERTY

Tom TrainaEatZ Real Estate Group LLCMore Info
847-651-3834

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Tom TrainaEatZ Real Estate Group LLCMore Info
847-651-3834

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