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5040 N 2nd St 7,106 SF Retail Building Loves Park, IL 61111 $699,900 ($98.49/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.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,106 SF
Building Class
C
Year Built
1936
Price
$699,900
Price Per SF
$98.49
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
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $86,944 (2024) | |
| Land Assessment | $69,310 (2024) | Total Assessment | $156,254 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$69,310 (2024)
Improvements Assessment
$86,944 (2024)
Total Assessment
$156,254 (2024)
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5040 N 2nd St
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