Log In/Sign Up
Your email has been sent.
Lake Villa Turn Key Restaurant 10 W Grand Ave 4,995 SF Retail Building Lake Villa, IL 60046 $1,510,399 CAD ($302.38 CAD/SF)



Investment Highlights
- Fully turn-key restaurant and bar ready for immediate operation
- Prime Lake Villa location with high household income and high demand for dining
- Private dining room for up to 12 guests for meetings or parties
- Located in a TIF district ripe for future development and investment
- Main dining room seating for 100 guests
- Large, clean commercial kitchen designed for high-volume service and fast table turnover
Executive Summary
Lovinger Partners - Baird and Warner is proud to present a rare turn-key restaurant and bar opportunity at 10 W Grand Avenue in the heart of Lake Villa. This beautifully built-out establishment is perfectly positioned to capture a market characterized by high household incomes and a significant demand for new dining options. The interior features a large rectangular bar designed for high-volume service, fully decked out with multiple televisions and a professional commercial equipment package ready for immediate profit. The layout provides seating for 100 guests in the main dining area plus a private dining room that accommodates up to 12 for intimate events or corporate meetings. Behind the scenes, the property boasts a large and exceptionally clean kitchen designed for speed and high table turnover. The beverage program is supported by walk-in coolers and a professional glycol tap system to ensure perfect pours every time. A central AV control system manages all music and television displays throughout the building. This is an ideal setup for a savvy proprietor looking to skip the build-out phase and move directly into operations in an underserved area.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,995 SF
Building Class
C
Year Built/Renovated
1955/2004
Price
$1,510,399 CAD
Price Per SF
$302.38 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.40 AC
Zoning
General Commercial - Property is located in a TIF district
Frontage
131’ on Grand Avenue
Amenities
- Corner Lot
- Restaurant
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Timothy Otooles
- Accommodation and Food Services
- 4,995 SF
- -
- Double Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Timothy Otooles | Accommodation and Food Services | 4,995 SF | - | Double Net | - |
Property Taxes
| Parcel Number | 02-32-400-020 | Improvements Assessment | $141,662 CAD |
| Land Assessment | $54,609 CAD | Total Assessment | $196,271 CAD |
Property Taxes
Parcel Number
02-32-400-020
Land Assessment
$54,609 CAD
Improvements Assessment
$141,662 CAD
Total Assessment
$196,271 CAD
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Lake Villa Turn Key Restaurant | 10 W Grand Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
