$3,000,000
( $230.77Per Sq Foot )
 $16,105 est/mo Sourced by Back At You

999 Confidential , Mundelein, IL 60060

Mundelein, IL 60060

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Description

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.

Details

MLS#12130584
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Days On Site192
Listing Provided ByFulton Grace Realty | Vickie Soupos

Features

SQ Feet13,000
Story(s)1
ZoningCOMMR
Acreage116305.00

Market Activity 60060

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Learn More About This Property

StateIL
CountyLake
CityMundelein
Zip Code60060
AreaIvanhoe | Mundelein
Listing VS Median (in 60060)
Price:
$3,000,000
low | high
Med:
$415,000
100% of Average
SqFt:
13,000
low | high
Med:
1,920
100% of Average
$ / SqFt:
$231
low | high
Med:
$216
56.336805555556% of Average
On Site:
192
low | high
Med:
32.000000
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $0 - $0
SqFt: 9,500 - 16,000
Listing Updated: February 7, 2025 at 2:02:38 PM PST