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5040 N 2nd St 7,106 SF Retail Building Loves Park, IL 61111 $689,900 ($97.09/SF)
Executive Summary
Established English Restaurant Bar - Step into a piece of Loves Park history with a now thriving and profitable English restaurant and bar. This well-maintained, character-rich establishment seamlessly blends classic charm with modern upgrades, offering a turnkey opportunity for seasoned restaurateurs or investors. Key Features: Ample Seating Capacity: Main floor accommodates approximately 188 guests, with an additional 45 seats in the upper-level dining room-perfect for private events or overflow dining. Outdoor Beer Garden: Fully equipped and ready for seasonal entertainment and events. Expansive Kitchen: Includes a Hamilton Gaylord Hood System, dumbwaiter, and fully replaced line equipment (2021+/-)-ideal for high-volume service and catering. Basement Storage: Features a walk-in freezer, walk-in fridge, dry storage, and extensive space for operational needs. Building Condition: Thoughtfully maintained with updates that preserve the building's historic charm while ensuring efficient operation. Whether you're expanding your hospitality portfolio or seeking a flagship location with a legacy, this location delivers on both character and profitability. Listing includes real estate, parking lot and possible sale of the business.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,106 SF
Building Class
C
Year Built
1936
Price
$689,900
Price Per SF
$97.09
Tenancy
Single
Building Height
3 Stories
Building FAR
0.32
Lot Size
0.52 AC
Zoning
C3 - Regional commercial zoning
Parking
35 Spaces (4.93 Spaces per 1,000 SF Leased)
Frontage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $86,944 | |
| Land Assessment | $69,310 | Total Assessment | $156,254 |
Property Taxes
Parcel Numbers
Land Assessment
$69,310
Improvements Assessment
$86,944
Total Assessment
$156,254
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5040 N 2nd St
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