Long-Established 5,200 Sq Ft Freestanding Restaurant Lakemoor, IL
Long-Established 5,200 sq ft Freestanding Restaurant Lakemoor, IL - For Lease! "Equipped - Recently Remodeled - 80 Seats + Fenced-In Patio - 40 Parking Spaces - On Rand Rd (Route 120) With 22,000 VPD" Rare opportunity to lease a built-out and equipped freestanding restaurant along heavily traveled Route 120 in the growing Lakemoor/McHenry County market. Skip the substantial time, cost and uncertainty associated with converting raw retail space into a restaurant! This 5,200 sq ft freestanding restaurant is already configured for foodservice use and offers an existing commercial kitchen with a large exhaust hood & walk-in cooler, dining room furniture, fenced-in patio, prominent signage and 40 parking spaces. The property is immediately available for a new tenant, creating an outstanding opportunity for an experienced independent operator, growing restaurant group or established concept looking to enter or expand within the northwest suburban market. Property Highlights: One of the property's greatest advantages is its existing restaurant infrastructure. Rather than starting with an empty commercial shell and investing heavily in kitchen improvements, ventilation, refrigeration, plumbing, dining furniture and related restaurant infrastructure, a new tenant can capitalize on an already established foodservice facility. Existing FF&E: For a restaurant operator comparing this opportunity with constructing a new restaurant from raw retail space, the combination of an existing commercial kitchen, hood system, refrigeration, dining area, furniture, patio, parking and signage can represent significant potential savings in both startup capital and opening time. Bring your concept here!
Location
Prime retail space in a one-story freestanding restaurant building. Boasts great signage, high visibility, ample parking and strong vehicle traffic. Strategically positioned directly along Rand Rd (Route 120) in Lakemoor, the property benefits from exposure to one of the area's principal east-west commercial corridors. Route 120 connects the property with surrounding communities including McHenry, Volo, Fox Lake, Wauconda, Round Lake and the greater Chain O'Lakes area, creating the potential to draw customers from well beyond Lakemoor itself. The property is just two miles west of the major Route 120 and Route 12 commercial intersection, one of the area's primary retail nodes. That intersection has grown substantially with major retail and restaurant development anchored by Woodman's Food Market and an expanding collection of national and regional concepts. Plus, Lakemoor continues to actively encourage commercial development along Route 120, with the Village identifying the corridor as an important commercial and development area serving a growing northwest suburban population.
Employees
(Space For Lease)
Lease Terms
Lease Information: Leased space - cheap $5,200/mth ($12 sqft) + CAM + taxes. Landlord will provide a new lease with options.
Real Estate
Lease
Trading Hours
Currently closed
Premises Details
Seating: 80 Inside + Fenced-In Patio.
Support & Training
(Space For Lease)
Expansion Potential
A strong and growing trade area. The Lakemoor commercial market benefits from a substantial surrounding customer base encompassing portions of both McHenry and Lake Counties. The greater Lakemoor market area reaches 94,000+ residents within 5 miles, while the Route 120/Route 12 intersection boasts more than 55,000 vehicles per day combined. Continued residential and commercial development throughout Lakemoor, Volo and surrounding communities is adding additional households, consumers and traffic to the trade area. The nearby Route120/Route 12 commercial district has attracted numerous national and regional businesses and restaurant concepts, demonstrating continued retailer and restaurant interest in the Lakemoor market.
Size In Square Feet
5,200
Competition / Market
A rare 2nd-generation restaurant opportunity in an established restaurant location – former home of Lakemoor Diner and longtime Le Vichyssois for almost 4 decades. The property's size, parking, existing kitchen infrastructure and flexible freestanding configuration make it suitable for a wide variety of concepts. Plus, the fenced patio offers additional potential for seasonal outdoor dining, entertainment or special events. Much of the fundamental restaurant infrastructure is already in place. A qualified tenant can focus its investment on branding the building, tailoring the kitchen to its menu with additional equipment and creating a new restaurant concept rather than beginning with an empty shell.
Reason for Selling
Available.
Financials
Interested in this business?
Get in touch with the seller to ask questions and learn more.
Get Expert Help with your acquisition
Connect with an advisor who can guide you through evaluating, financing, and closing the right business acquisition.
Similar Listings
Sushi Restaurant In Vancouver
Profitable Café with Prime 9000 sq. ft. Real Estate Included
