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Dapper's West Family Restaurant 980 W Lake St 8,500 SF Retail Building Addison, IL 60101 $2,200,000 ($258.82/SF)
INVESTMENT HIGHLIGHTS
- 1.77 acres with over 400 feet of frontage with over 33,000 VPD
- Operating restaurant with over 8,500 square feet and 100+ parking spaces
- Business friendly B2 zoning
EXECUTIVE SUMMARY
This is an excellent opportunity to acquire a thriving business and prime real estate. The sale includes a fully operational restaurant inside an 8,500-square-foot building on a 1.77-acre lot with a large parking lot. The business has a great reputation with a 4.3-star Google rating from over 2,000 reviews and a loyal customer base, as it has been a local staple for 30 years.
Here are a few options to consider if you are interested in this property:
Continue to run the business as a restaurant.
The current business is open seven days a week from 7 a.m. to 8 p.m. and focuses on a breakfast and American diner menu. The sale includes all the necessary components for a seamless transition, such as equipment, recipes, inventory, and proprietary information. There is potential for growth by creating a website and offering gig food delivery services.
Purchase the property with the intention of developing it.
The property is a 1.77-acre lot with B-2 zoning, which allows for many potential uses besides a restaurant, including retail, hospitality, office space and bar. The prime location on Lake Street with two entrances and one exit could make it an ideal location for redevelopment.
Here are a few options to consider if you are interested in this property:
Continue to run the business as a restaurant.
The current business is open seven days a week from 7 a.m. to 8 p.m. and focuses on a breakfast and American diner menu. The sale includes all the necessary components for a seamless transition, such as equipment, recipes, inventory, and proprietary information. There is potential for growth by creating a website and offering gig food delivery services.
Purchase the property with the intention of developing it.
The property is a 1.77-acre lot with B-2 zoning, which allows for many potential uses besides a restaurant, including retail, hospitality, office space and bar. The prime location on Lake Street with two entrances and one exit could make it an ideal location for redevelopment.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
8,500 SF
Building Class
C
Year Built/Renovated
1989/2010
Price
$2,200,000
Price Per SF
$258.82
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.77 AC
Zoning
B2 - Business district with multiple uses allowed including bars, office, hospitality, drive-thru and more
Parking
100 Spaces (11.76 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 03-20-109-041 | Improvements Assessment | $687,044 (2024) |
| Land Assessment | $267,729 (2024) | Total Assessment | $954,773 (2024) |
PROPERTY TAXES
Parcel Number
03-20-109-041
Land Assessment
$267,729 (2024)
Improvements Assessment
$687,044 (2024)
Total Assessment
$954,773 (2024)
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Dapper's West Family Restaurant | 980 W Lake St
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