501 E Lake St | Addison, IL 60101
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- LoopNet Team
501 E Lake St
Addison, IL 60101
7500 SF Fully Equipped Restaurant w/Property · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Incredible Opportunity To Purchase A Popular Long-Standing Breakfast & Lunch Restaurant Property
- Renovated 2020 - New Roof, Awnings, Enclosed Garbage Area, HVAC (3), Kitchen, Flooring, Espresso Bar & More + Resurfaced Parking Lot
- Near The I-290 & Route 83 / Route 20 Interchange With 163,00+ VPD On I-290
- Striking Freestanding Building With 80 Parking Spaces - On 1.15 acres - Approx. 50,000 sqft - RET $35,100
- Located On Lake St, A Major Street With 39,000+ VPD
- Well Established Restaurant Location For Over 12 Years! - Bring Your Concept Here!!
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
7,500 SF
Building Class
C
Year Built/Renovated
1985/2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.15 AC
Zoning
C - Zoned commercial
Parking
80 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
6’ on Lake St
AMENITIES
- Pylon Sign
- Restaurant
- Signage
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $289,420 | |
| Land Assessment | $304,301 | Total Assessment | $593,721 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$304,301
Improvements Assessment
$289,420
Total Assessment
$593,721
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