980 W Lake St - Retail FOR SALE


Addison, IL 60101
$2,900,000 USD
708-250-4001
980 W Lake St, Addison, IL for Sale
$2,900,000 USD
Retail - FOR SALE
1/33
null | Request Cap Rate

980 W Lake St
Addison, IL 60101


HIGHLIGHTS

  • 1.77 acres with over 400 feet of frontage with over 33,000 VPD
  • Business friendly B2 zoning
  • Operating restaurant with over 8,500 square feet and 100+ parking spaces

OVERVIEW

This is an excellent opportunity to acquire a thriving business and prime real estate. The sale includes a fully operational restaurant inside an 8,500-square-foot building on a 1.77-acre lot with a large parking lot. The business has a great reputation with a 4.3-star Google rating from over 2,000 reviews and a loyal customer base, as it has been a local staple for 30 years. Here are a few options to consider if you are interested in this property: Continue to run the business as a restaurant. The current business is open seven days a week from 7 a.m. to 8 p.m. and focuses on a breakfast and American diner menu. The sale includes all the necessary components for a seamless transition, such as equipment, recipes, inventory, and proprietary information. There is potential for growth by creating a website and offering gig food delivery services. Purchase the property with the intention of developing it. The property is a 1.77-acre lot with B-2 zoning, which allows for many potential uses besides a restaurant, including retail, hospitality, office space and bar. The prime location on Lake Street with two entrances and one exit could make it an ideal location for redevelopment.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$341 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Dapper's West Family Restaurant

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.77 AC

LAND SF

77,101 SF

ZONING

B2

APN/PARCEL ID

03-20-109-041

ASK ABOUT THIS PROPERTY

Adam RamahiXR RealtyMore Info
708-250-4001

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Adam RamahiXR RealtyMore Info
708-250-4001

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