312-575-0480
4868 IL Route 83, Long Grove, IL for Sale
Restaurant - FOR SALE
1/4
null | Request Cap Rate

4868 IL Route 83
Long Grove, IL 60047


HIGHLIGHTS

  • High-capacity restaurant, bar, and event space on a large 4-acre lot
  • Fully equipped kitchens with multiple hoods, hearth, and dishwashing areas
  • Interior includes four distinct guest areas, including a dramatic mezzanine and private party room
  • Ample on-site parking with dual curb cuts for easy access and traffic flow
  • Turnkey layout ideal for dining, events, and entertainment with gaming potential
  • Located at a high-traffic intersection in Long Grove, surrounded by upscale neighborhoods and attractions

OVERVIEW

A high-capacity, multi-level restaurant, bar, and event venue positioned on a prominent hard-corner intersection in Long Grove. Meticulously owner-developed and expanded over time, the property spans a generous four-acre site, offering exceptional functionality and future flexibility. Ample on-site parking supports large guest volumes, while the expansive lot provides room for additional uses—previous concepts proposed have included a drive-in outdoor movie experience and other special event programming. Dual curb cuts on two separate routes enhance accessibility and traffic flow. This turnkey asset features three fully equipped kitchens with multiple hoods, a hearth, and dumbwaiter access. The interior layout includes four distinct guest areas: a spacious island bar with potential for gaming machines, a ground-floor dining room, a dramatic mezzanine overlooking the bar and main dining area, and a dedicated party room ideal for private events or overflow. All levels are elevator-served for seamless circulation. Back-of-house operations are supported by extensive storage, multiple walk-ins, and a large secured liquor room—an ideal setup for high-volume operators seeking a well-designed, ready-to-go facility.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Restaurant, Bar and Event Property

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding, Movie Theatre

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

220

LAND DETAILS

LAND ACRES

2.04 AC

LAND SF

89,071 SF

ZONING

R2-PUD

APN/PARCEL ID

15-18-206-016

ASK ABOUT THIS PROPERTY

Juan Carlos GomezKudan Group, Inc.More Info
312-575-0480

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

Juan Carlos GomezKudan Group, Inc.More Info
312-575-0480

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