233 N York St
Elmhurst, IL 60126
Restaurant Space DT Elmhurst - $100k in TI $ · Property For Lease

Former Restaurant & Pancake House - was a wildly popular breakfast joint for over 40 years! A large freestanding restaurant with it's own parking lot, the location has been a goldmine for many years. Features a huge kitchen with black iron, walk-in coolers/freezers and more. Ample parking with 70 spaces. Landlord is currently investing over $300,000 to update: - Parking Lot - Roof - A/C Units - Grease Traps - Windows - Sprinkler System - More... Incredible opportunity for a new restaurant and new interior. Dining room has been completely gutted. Expected build-out cost for new owners between $150,000-$200,000. The space is “For Lease” with a $20,000 security deposit and 1 months rent = $34,500 down. Location: Prime retail space in the affluent & densely populated western suburb of Elmhurst. Perfectly situated downtown on York St, just north of City Hall and just south of Route 64. Close to Elmhurst College, as well as many popular retailers. Boasts high traffic counts of over 18,000 vehicles/day. Year Established: 1977 Lease Information: Leased space $14,500/mth gross. Flexible landlord is offering a 10-year lease with two 5-year options. Square Feet: 4,100 Seating: 150 Days/Hrs of Operation: Closed for renovations. Value of Current FF&E: Included Reasons for Selling: Landlord seeking a qualified & experienced restaurateur to take over the space. Competition/Market: This A+ location was the home of a pancake house for a very long time. The building has deep roots in the community and past ownership had seen tremendous success here through the years. Growth & Expansion: Rare opportunity. Ideal location. Showings by appointment only. Listing By: Tom Traina at Eatz & Associates / American Realty Network