502 Dixie Hwy - Restaurant FOR SALE


Beecher, IL 60401
$2,550,000 USD
815-761-8334
502 Dixie Hwy, Beecher, IL for Sale
$2,550,000 USD
Restaurant - FOR SALE
1/36
null | Request Cap Rate

502 Dixie Hwy
Beecher, IL 60401


HIGHLIGHTS

  • Current Concept Well Established Over 47 Years - Full-Service Restaurant With A Full Bar - Family Owned & Operated
  • Beloved Historic Establishment - A Staple In The Community - A Cornerstone Of Beecher's Dining Scene
  • Features A Main Dining Room, A Private Dining Room & A Lounge Area + Private Gaming Area With 5 Video Gaming Machines - 2023 Gaming Revenue $48,878
  • Two-Story Well-Maintained Freestanding Building With Ample Parking For 90 Vehicles + 3-Bedroom Apartment Upstairs/ 3-Car Garage On The Property
  • A Thriving Establishment With Significant Potential For Continued Success - Draws Patrons From Across Illinois & Indiana!
  • Currently Open Just 5 Days A Week For Dinner - Can Easily Expand Hours & Days Open To Capture Even Greater Revenue!

OVERVIEW

Iconic Supper Club w/Property Beecher, IL - Sales Over 3 Million! Extraordinary opportunity to own and operate a piece of Illinois history by purchasing a beloved historic establishment located in Beecher, IL known for its warm ambiance and exceptional dining experience. A staple in the community which continues to attract more patrons from near and far seeking a memorable meal. Also, a landmark restaurant with roots dating back to 1863. And a cornerstone of Beecher's dining scene, offering customers a wonderful blend of classic American cuisine in a timeless setting. Has cultivated a reputation for excellence over the decades, creating a thriving establishment with significant potential for continued success! This incredible restaurant features a main dining room, a private dining room and a lounge area with intimate booth seating, providing a comfortable and inviting atmosphere for patrons. Its classic décor and cozy environment make it ideal for romantic dinners, family gatherings or celebrations. Plus, has a private gaming area with 5 video gaming machines. 2023 gaming revenue (location’s take) $48,878. A supplemental revenue stream and an added layer of entertainment for guests! Originally established in the 19th century. Current concept well established over 47 years. Independent - no royalty, advertising or transfer fees. Full-service restaurant with a full bar. Dine-in or carryout. Family owned and operated. Currently open just 5 days a week for dinner. Can easily expand hours and days open to capture even greater revenue! Location: Prime retail space in a freestanding building with ample parking for 90 vehicles. Perfectly situated on historic Dixie Highway, a major thoroughfare with over 9,000 vehicles per day. An iconic route once known for connecting travelers to various Midwest destinations. The café benefits from this significant daily traffic, enhancing its visibility and accessibility. And its central location makes it a convenient spot for locals and travelers alike! Located in Beecher, IL a growing and prosperous village in southern Will County, 40 miles south of downtown Chicago. Known for its small-town atmosphere, rich history and community-focused lifestyle, Beecher offers a serene setting that provides a welcoming atmosphere for the restaurant. Year Established: 1977. Square Feet: 8,000. Seating: 230 Seats (Includes 75 Seats In The Private Dining Room). Days/Hrs of Operation: We-Th 5p-9p, Fr-Sa 5p-10p (Closed Mo-Tu). Owners Role: Owner operated - family run. # Of Employees: 40. Training: Negotiable on-site comprehensive training. Gross Sales (2024): $3,139,347. Net Operating Income: $557,374. Value of FF&E: Included In Asking Price. Value of Inventory: $50,000 (Not Included In Asking Price). Seller Financing Available: No. Reasons for Selling: Retiring. Competition/Market: A standout destination. Where families and friends gather to celebrate special occasions or enjoy a fine dining experience in a relaxed setting. Renowned for their expertly prepared steaks, hearty chops, high-quality seafood, signature dishes and fresh seasonal vegetables. Well known for their exceptional cuisine, classic cocktails, top-notch service and appealing atmosphere. And has earned numerous accolades over the years! Growth & Expansion: An historic landmark - carries over a century of history. A cornerstone of the community since 1863. And an iconic supper club that has been a beloved fixture of the local dining scene Will County’s dining destination since 1977. A remarkable longstanding institution. A focal point and pillar of pride in Beecher. One of the most substantial dining establishments in the region. A long-time favorite. Loyal customer base. Draws patrons from across Illinois and Indiana! Listed by Ted Aretos at EatZ & Associates / EatZ Real Estate Group 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 complete the short Message Form on the right or email Ted Aretos at Ted@eatz-associates.com or call 815-761-8334 for more information.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$319 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Iconic Supper Club (TPC-B-IL-TA)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

C

APN/PARCEL ID

22-22-16-319-020

ASK ABOUT THIS PROPERTY

Ted AretosEatz & AssociatesMore Info
815-761-8334

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Ted AretosEatz & AssociatesMore Info
815-761-8334

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