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Dover Straits 890 E US Highway 45 13,000 SF Retail Building Mundelein, IL 60060 $2,700,000 ($207.69/SF)

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INVESTMENT HIGHLIGHTS

  • High-traffic corridor on US Highway 45, ensuring excellent visibility.
  • Easy access to major roads, including IL-60 and IL-83, connecting to Lake County hubs.

EXECUTIVE SUMMARY

This opportunity to purchase a successful restaurant business along with its prime real estate is truly exceptional. Here's a breakdown of what makes it a great investment: *** Established Brand Reputation *** 45+ Years in Business: The restaurant has been operating successfully for over 45 years, earning a reputation for great food and a loyal customer base. *** Turnkey Operation *** Fully Equipped: The sale includes all FFE (Furniture, trade fixtures, equipment), inventory, recipes, and the established brand name. Immediate Profit: With its existing operations, the restaurant is already generating profit. *** Growth Potential *** Expand Hours: Currently, the restaurant is closed on Mondays and closes at 9:00 pm during the week, 11:00 pm on Friday and Saturday, and 8:00 pm on Sundays. There's potential to extend these hours. 3 pm Liquor License: The liquor license allows sales from 3 pm onwards, offering potential for increased revenue. Gaming Machines: The new owner can implement gaming machines to generate additional income, as they are permitted. Bar area: Live entertainment, huge open bar with seating for 30 and stage area. *** Real Estate *** Prime Location: The property spans approximately 2 acres. Large Space: The restaurant itself is 13,000 square feet with seating for 350 patrons. Private Dining: It includes a separate dining room for private parties. Ample Parking: With 172 parking spaces, parking is never an issue. *** Summary *** This is an outstanding opportunity to acquire a successful and profitable restaurant business along with its prime real estate. With a long-standing reputation, existing loyal customer base, and numerous growth opportunities, this turnkey operation is well-maintained and ready for a new owner to continue its success.

TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Taxes - -
Operating Expenses - -

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

Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,000 SF
Building Class
C
Year Built
1975
Price
$2,700,000
Price Per SF
$207.69
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.13 AC
Zoning
C-2 - Community commercial zoning
Parking
153 Spaces (11.77 Spaces per 1,000 SF Leased)
Frontage
536’ on U.S. 45

AMENITIES

  • Pylon Sign
  • Restaurant
  • Security System
  • Signage
  • Storage Space
  • Air Conditioning
  • Smoke Detector

NEARBY MAJOR RETAILERS

U.S. Bank
Chase Bank
LA Fitness
Goldfish Swim School
Jewel-Osco
Starbucks
Buffalo Wild Wings
StorageMart
Taylor Rental

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 15-06-200-024
  • 15-06-200-023
Land Assessment
$171,375 (2024)
Improvements Assessment
$166,786 (2024)
Total Assessment
$338,161 (2024)
  • Listing ID: 35739314

  • Date on Market: 5/4/2025

  • Last Updated:

  • Address: 890 E US Highway 45, Mundelein, IL 60060

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