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31144933
31144943

10 W Grand Avenue, Lake Villa, IL 60046 For Sale

BL
IL 475198374
Baird & Warner Libertyville
Listed by Baird & Warner Libertyville
$1,100,000
130 days on market
Updated 40 days ago

10 W Grand Avenue

Details
APN 02324000200000
Property Type Retail
Sub Type Restaurant, Storefront (+1)
Units 1
NOI $90,000
Year Built 1955
Lot Size (SqFt) 17,424
Zoning COMMR

Retail

Marketing description

Proud to present a rare turn-key restaurant and bar opportunity at 10 W Grand Avenue in the heart of Lake Villa. This beautifully built-out establishment is perfectly positioned to capture a market characterized by high household incomes and a significant demand for new dining options. The interior features a large rectangular bar designed for high-volume service, fully decked out with multiple televisions and a professional commercial equipment package ready for immediate profit. The layout provides seating for 100 guests in the main dining area plus a private dining room that accommodates up to 12 for intimate events or corporate meetings. Behind the scenes, the property boasts a large and exceptionally clean kitchen designed for speed and high table turnover. The beverage program is supported by walk-in coolers and a professional glycol tap system to ensure perfect pours every time. A central AV control system manages all music and television displays throughout the building. This is an ideal setup for a savvy proprietor looking to skip the build-out phase and move directly into operations in an underserved area.
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Listing Contacts

BL
IL 475198374
Baird & Warner Libertyville
Listed by Baird & Warner Libertyville

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$90,000.00
$7,500.00/mo

Valuation Metrics

0
DSCR
8.18%
Cap Rate
8.18%
ROI

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