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Restaurant/Mixed-Use Properties 1116-1122 Diamond Lake Rd 12,875 SF Retail Building Mundelein, IL 60060 $1,450,000 ($112.62/SF)
Investment Highlights
- Currently Active, Fully Equipped Restaurant for Owner/User
- Fully Leased Convenience Store and 2 Residential Units included in Sale
- Family Owned Restaurant with over 40 years of history in the Mundelein area
- Gaming and Liquor License transferrable (with no name change and with background check)
- Upside Potential for increased sales with increased hours of operation and participation in Village Events
- FF&E included in sale
Executive Summary
******Do not disturb current tenant -all communication and showing should be through the brokers******
Currently Active, Fully Equipped Restaurant for Owner/User. Gaming and Liquor License transferrable (with no name change and with background check) Fully Leased Convenience Store and 2 Residential Units included in Sale.
Currently Active, Fully Equipped Restaurant for Owner/User. Gaming and Liquor License transferrable (with no name change and with background check) Fully Leased Convenience Store and 2 Residential Units included in Sale.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
12,875 SF
Building Class
C
Year Built
1965
Price
$1,450,000
Price Per SF
$112.62
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
1.05 AC
Zoning
L-MU - Lakefront Mixed Use
Parking
45 Spaces (3.5 Spaces per 1,000 SF Leased)
Frontage
171’ on Diamond Lake Rd
Amenities
- Restaurant
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-31-301-010 | Improvements Assessment | $110,871 |
| Land Assessment | $54,388 | Total Assessment | $165,259 |
Property Taxes
Parcel Number
11-31-301-010
Land Assessment
$54,388
Improvements Assessment
$110,871
Total Assessment
$165,259
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Restaurant/Mixed-Use Properties | 1116-1122 Diamond Lake Rd
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