501 E Lake St
Addison, IL 60101
Fully-Equipped Restaurant For Lease or Sale · Property For Lease

Fully-Equipped 7,500 SqFt Restaurant For Lease Addison, IL - Completely Renovated 2020! Incredible opportunity to purchase a popular long-standing breakfast and lunch restaurant. Full service. Dine-in and takeout. Warm and welcoming interior. Large waiting area. Refrigerated dessert display case. Expansive windows let in lots of natural light. Spacious dining room and breakfast bar seats a total of 266. Big fully equipped kitchen with all new equipment including an incredible wait station, espresso bar, prep kitchen and dishwashing station. Features a 28ft & 10ft exhaust hood, 6-burner stove w/oven, 3ft char grill, two 3ft flat top griddle, 5-well steam table, steamer, two deep fryers, gyro machine, waffle maker, two double convection ovens, 120qt mixer, three walk-in coolers, walk-in freezer, ice cream freezer, ice machine and so much more. As well as a Cover POS and security camera system. Well established restaurant location for over 12 years! Bring your concept here!! Space for lease at $14 NNN + $99,000 key money for the furniture, fixtures and equipment (FF&E). Location: Prime retail space in a striking freestanding building with 80 parking spaces. Located on Lake St, a major street with over 39,000 vehicles per day. Perfectly situated near a busy I-290 interchange with over 163,000 vehicles per day on I-290. Also near several hotels and many homes! Year Established: 2010 (Current Owner Feb 2020). Property Information: 7,500 sqft one-story masonry & brick freestanding building. Built in 1985. Completely renovated in 2020. New roof, awnings, enclosed garbage area, HVAC (3), kitchen, flooring, espresso bar and more. Plus, resurfaced parking lot. On 1.15 acres - approx. 50,000 sqft. Real estate taxes $35,100. Square Feet: 7,500. Seating: 266. Days/Hrs of Operation: Currently Closed. Owners Role: Absentee. Value of FF&E: $200,000 ($99,000 Additional Price For FF&E). Reasons for Leasing: Partner issues. Competition/Market: Just completely remodeled. Impeccable kitchen. Immaculate both inside and out. Boasts great signage, visibility and access. On a very busy street near a busy interchange. Set up for high volumes! Growth & Expansion: Long time successful restaurant location. A staple in the area. A regular stop in this western suburb. The “go-to” breakfast place! Excellent demographics. Boasts a population of over 247,000 and over 86,000 households with an average household income of over $106,000 within 5 miles. Also, the potential to add video gaming! Feel free to stop by the location first. This is a highly confidential listing. If interested, contact EatZ for more information. Showings by appointment only. Listed by Tom Traina at EatZ & Associates / EatZ Real Estate Group LLC