Freestanding Restaurant - EBC-EGV-IL-TT 1144 Devon Ave 5,300 SF Retail Building Elk Grove Village, IL 60007 $950,000 ($179.25/SF)

Fully-Equipped Freestanding Restaurant Sought-After Northwest Suburb - Property For Sale!
"Out-lot Of A Busy Plaza - At A Signalized Intersection - On A Major Thoroughfare/A Dense Commercial Corridor - Within A Massive Business Park/Vibrant Industrial Hub & Surrounded By A Dense Residential Area"
Popular long-established pancake house and lunch cafe. Offering all-day breakfast/brunch and traditional comfort food.
Full-service restaurant. Dine-in, carryout, pickup and 3rd party delivery.
Features high ceilings, exposed beams, expansive windows, a spacious dining room, large wait station and fully equipped commercial kitchen.
Long established restaurant location over 47 years. And with the current operator 14 years.
Asset sale with property - all furniture, fixtures and equipment (FF&E) included. Business is not for sale - no financials.
This exceptional restaurant opportunity offers a turnkey operation in one of the most business-friendly communities in the United States.
Also, a rare opportunity to acquire a proven restaurant location together with its real estate in a sought-after northwest suburb. With a fully equipped kitchen, established location and strong surrounding demographics, this property is positioned for continued success.
Plus, an incredible opportunity for long-term real estate appreciation.
Bring your concept here! Can also add gaming!!
Location: Prime retail space in a large one-story freestanding building with ample parking on one of Chicagoland’s most stable and densely populated northwest suburban corridors.
Perfectly situated in a busy plaza with a diverse tenant mix and easy access at the signalized intersection of two high traffic routes.
Well positioned on a major thoroughfare and a dense commercial corridor with excellent street exposure, high visibility and strong traffic flow (22,000+ VPD) close to the interchange of two major interstates.
And strategically located in the village’s massive business park and vibrant industrial hub, surrounded by corporate offices, logistics facilities, industrial parks and hotels.
As well as surrounded by a dense residential and established retail/service 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.
Year Established: 2012.
Property Information: One-story freestanding building. Built in 1979. On .61 acre or 26,272 sqft. Class C. Zoning B-2. $1,200 plaza parking lot maintenance fee. Real estate taxes $44,317.
Square Feet: 5,288.
Seating: 200+ Inside.
Owners Role: Absentee owned and operated.
Gross Sales: (Asset Sale).
Net Operating Income: (Asset Sale).
Value of FF&E: Included In Asking Price (Valued at $250,000).
Seller Financing Available: No.
Reasons for Selling: Other interests.
Competition/Market: Fully built-out. Spacious dining room. Versatile space for any type of restaurant. Efficient set up for high volumes. Conveniently located on established retail and service corridors with excellent commuter visibility and high traffic counts, plus access to regional expressways. Benefits from strong surrounding demographics. Sits within a mature residential and commercial trade area that consistently supports restaurant operators.
Growth & Expansion: In a sought-after northwest suburb. Within one of the most stable municipalities in the northwest suburbs. On two dense suburban commercial corridors. In the heart of a robust business and industrial market with a significant nearby employment base. Plus, surrounded by a dense residential area with a population of over 90,000 with a median household income of over $95,000 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