Freestanding Restaurant (EBC-EGV-IL-TT-HS) 1144 Devon Ave 5,300 SF Retail Building Elk Grove Village, IL 60007 $1,050,000 ($198.11/SF)
INVESTMENT HIGHLIGHTS
- Features Expansive Windows, High Ceilings, Spacious Dining Room, Large Wait Station, Fully-Equipped Commercial Kitchen & Ample Parking
- On A Dense Commercial Corridor & Major Thoroughfare With High Visibility & Traffic Flow - Close To The Interchange Of 2 Major Interstates
- Also A Vast Residential Area - Close To Homes, Schools & Local Businesses - Population Over 70,000 w/Median Household Income Over $90,000 w/in 3-Miles
- In A Busy Plaza With A Diverse Tenant Mix At A Signalized Intersection In A Sought-After Northwest Suburb
- In The Village’s Vibrant Business & Industrial Hub - Surrounded By Industrial Parks, Logistics Facilities, Corporation Offices & Hotels
- Bring Your Concept Here! - Can Also Add Gaming!!
EXECUTIVE SUMMARY
Freestanding Restaurant Sought-After Northwest Suburb - Property For Sale!
Currently operating as a classic American pancake house and local eatery. Offering all-day breakfast/brunch and traditional comfort food.
Full-service restaurant. Dine-in, carryout, pickup and delivery.
Features expansive windows, high ceilings, a spacious dining room, large wait station and fully-equipped commercial kitchen.
Well established restaurant location. Asset sale with property - all furniture, fixtures and equipment (FF&E) included. Business is not for sale - no financials.
Bring your concept here! Can also add gaming!!
Location: Prime retail space in a large one-story freestanding building with great signage and ample parking for 30+ vehicles.
Perfectly situated in a busy plaza with a diverse tenant mix at a signalized intersection.
Well positioned on a major thoroughfare with high visibility and traffic flow close to the interchange of two major interstates.
And strategically located in the village’s vibrant business and industrial hub, surrounded by industrial parks, logistics facilities, corporation offices and hotels. As well as its vast residential area, close to homes, schools and local businesses.
Plus, just 5 minutes from two Metra stations and less than 15 minutes from O’Hare International Airport.
Property Information: One-story freestanding building. Built in 1979. On .61 acre or 26,272 sqft. Class C. Zoning B-2. $1,200 parking lot maintenance fee. Real estate taxes $44,317.
Square Feet: 5,288.
Seating: 200+ Inside.
Owners Role: Absentee owned and operated.
Value of FF&E: Included In Asking Price (Valued at $250,000).
Seller Financing Available: No.
Reasons for Selling: Other interests.
Competition/Market: Versatile space for any type of restaurant in a thriving community.
Growth & Expansion: In a sought-after northwest suburb. On a dense commercial corridor. Surrounded by a robust industrial market. In addition to a vast residential area with a population of over 70,000 with a median household income of over $90,000 within a 3-mile radius.
Location, location, location!!!
Feel free to stop by the location as a customer 1st. This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. If interested, please email
Tom Traina at Tom@eatz-associates.com or call 847-651-3834 for more information. Showings by appointment only outside of business hours.
Listed by Tom Traina at EatZ & Associates / EatZ Real Estate Group LLC
Currently operating as a classic American pancake house and local eatery. Offering all-day breakfast/brunch and traditional comfort food.
Full-service restaurant. Dine-in, carryout, pickup and delivery.
Features expansive windows, high ceilings, a spacious dining room, large wait station and fully-equipped commercial kitchen.
Well established restaurant location. Asset sale with property - all furniture, fixtures and equipment (FF&E) included. Business is not for sale - no financials.
Bring your concept here! Can also add gaming!!
Location: Prime retail space in a large one-story freestanding building with great signage and ample parking for 30+ vehicles.
Perfectly situated in a busy plaza with a diverse tenant mix at a signalized intersection.
Well positioned on a major thoroughfare with high visibility and traffic flow close to the interchange of two major interstates.
And strategically located in the village’s vibrant business and industrial hub, surrounded by industrial parks, logistics facilities, corporation offices and hotels. As well as its vast residential area, close to homes, schools and local businesses.
Plus, just 5 minutes from two Metra stations and less than 15 minutes from O’Hare International Airport.
Property Information: One-story freestanding building. Built in 1979. On .61 acre or 26,272 sqft. Class C. Zoning B-2. $1,200 parking lot maintenance fee. Real estate taxes $44,317.
Square Feet: 5,288.
Seating: 200+ Inside.
Owners Role: Absentee owned and operated.
Value of FF&E: Included In Asking Price (Valued at $250,000).
Seller Financing Available: No.
Reasons for Selling: Other interests.
Competition/Market: Versatile space for any type of restaurant in a thriving community.
Growth & Expansion: In a sought-after northwest suburb. On a dense commercial corridor. Surrounded by a robust industrial market. In addition to a vast residential area with a population of over 70,000 with a median household income of over $90,000 within a 3-mile radius.
Location, location, location!!!
Feel free to stop by the location as a customer 1st. This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. If interested, please email
Tom Traina at Tom@eatz-associates.com or call 847-651-3834 for more information. Showings by appointment only outside of business hours.
Listed by Tom Traina at EatZ & Associates / EatZ Real Estate Group LLC
TAXES & OPERATING EXPENSES (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$44,317
|
$8.36
|
| Operating Expenses |
$14,400
|
$2.72
|
| Total Expenses |
$58,717
|
$11.08
|
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
5,300 SF
Building Class
C
Year Built
1979
Price
$1,050,000
Price Per SF
$198.11
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.61 AC
Zoning
B-2
AMENITIES
- Restaurant
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-31-400-010-0000 | Total Assessment | $154,533 (2024) |
| Land Assessment | $88,594 (2024) | Annual Taxes | $44,317 ($8.36/SF) |
| Improvements Assessment | $65,939 (2024) | Tax Year | 2023 Payable 2024 |
