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107 W Washington St
Oregon, IL 61061
Popular Well-Established Drive-In Diner · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
1,414 SF
Year Built
1960
Building Height
1 Story
Building FAR
0.06
Lot Size
0.55 AC
Zoning
RZ
Parking
20 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
112’ on Washington St

AMENITIES

  • Restaurant
  • Air Conditioning

ABOUT 107 W WASHINGTON ST , OREGON, IL 61061

Well known for their delicious burgers, dogs and desserts! Along with tasty sandwiches, combos, sides, salads, chicken & fish dinners and more. Also featuring 20 flavors of ice cream, both soft serve and hand packed, as well as flurries, floats, shakes, malts, sundaes and splits. Well established over 37 years. Current owners 14 years. Family owned and operated, plus full-time manager in place. Dine-in, on the deck/patio with walk-up window or in your car. A seasonal business only open about 7 months a year - April through mid-November. Many fun cruise nights and special events throughout the season. Prime retail space in cool freestanding building with 6 car hops and parking for another 20 vehicles. Perfectly situated on the major route running through town between the Rock River and the busy downtown. Located in a far west suburb of Chicago nestled in the Rock River Valley with amazing outdoor activities and the best festivals in Northern Illinois. A great community with unique outdoors, parks, arts, events and history! Year Established: 1982 (Current Owners 2005) Property: Taxes $4,500/year. Well maintained. New sign 2 years ago and new roof 4 years ago. Square Feet: 1,500 (+ Full Basement) Seating: 40 Days/Hrs of Operation: Su-Th 11a-9p & Fr-Sa 11a-10p # Of Employees: 1 Full & 22 Part-Time Training: Two weeks on-site comprehensive training. Net Sales (2018): $400,292 (Open Just 7 Months A Year - Winters Off!) Net Operating Income (Sellers Discretionary Earnings): $70,863 Value of FF&E: Included In Asking Price Value of Inventory (Not Included In Asking): $5,000 Seller Financing: No Reasons for Selling: Other interests. Competition/Market: One of a kind. A step back in time. Nostalgic 50’s and 60’s rock & roll theme. Fun retro vibe. Cool car hop service. A real drive-in joint. Everything made-to-order. Great food. “Best Grilled Butter Bun Burger Around. ”Awesome music on the juke box. House made ice cream and root beer. Known for their friendly service. Growth & Expansion: Well established for over 32 years! A real gem. Local favorite. Loved by many. Lots of regulars. Highly rated and recommended, great reputation to continue to build upon.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-03-180-001
Land Assessment
$25,643
Improvements Assessment
$57,052
Total Assessment
$82,695
  • Listing ID: 16738968

  • Date on Market: 7/26/2019

  • Last Updated:

  • Address: 107 W Washington St, Oregon, IL 61061

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