890 E US Highway 45 - Freestanding FOR SALE


Mundelein, IL 60060
$3,000,000 USD
630-965-6000
890 E US Highway 45, Mundelein, IL for Sale
$3,000,000 USD
Freestanding - FOR SALE
1/33
null | Request Cap Rate

890 E US Highway 45
Mundelein, IL 60060


HIGHLIGHTS

  • High-traffic corridor on US Highway 45, ensuring excellent visibility.
  • Easy access to major roads, including IL-60 and IL-83, connecting to Lake County hubs.

OVERVIEW

This opportunity to purchase a successful restaurant business along with its prime real estate is truly exceptional. Here's a breakdown of what makes it a great investment: *** Established Brand Reputation *** 45+ Years in Business: The restaurant has been operating successfully for over 45 years, earning a reputation for great food and a loyal customer base. *** Turnkey Operation *** Fully Equipped: The sale includes all FFE (Furniture, trade fixtures, equipment), inventory, recipes, and the established brand name. Immediate Profit: With its existing operations, the restaurant is already generating profit. *** Growth Potential *** Expand Hours: Currently, the restaurant is closed on Mondays and closes at 9:00 pm during the week, 11:00 pm on Friday and Saturday, and 8:00 pm on Sundays. There's potential to extend these hours. 3 pm Liquor License: The liquor license allows sales from 3 pm onwards, offering potential for increased revenue. Gaming Machines: The new owner can implement gaming machines to generate additional income, as they are permitted. Bar area: Live entertainment, huge open bar with seating for 30 and stage area. *** Real Estate *** Prime Location: The property spans approximately 2 acres. Large Space: The restaurant itself is 13,000 square feet with seating for 350 patrons. Private Dining: It includes a separate dining room for private parties. Ample Parking: With 172 parking spaces, parking is never an issue. *** Summary *** This is an outstanding opportunity to acquire a successful and profitable restaurant business along with its prime real estate. With a long-standing reputation, existing loyal customer base, and numerous growth opportunities, this turnkey operation is well-maintained and ready for a new owner to continue its success.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$231 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Dover Straits

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

153

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,927 SF

ZONING

C-2

APN/PARCEL ID

15-06-200-023,15-06-200-024

ASK ABOUT THIS PROPERTY

Vickie SouposCOLOVOS | SOUPOS GroupMore Info
630-965-6000

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Vickie SouposCOLOVOS | SOUPOS GroupMore Info
630-965-6000

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