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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
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
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

Property Taxes

Parcel Number
02-32-400-020
Land Assessment
$54,609 CAD
Improvements Assessment
$141,662 CAD
Total Assessment
$196,271 CAD
  • Listing ID: 39828698

  • Date on Market: 2026-03-19

  • Last Updated:

  • Address: 10 W Grand Ave, Lake Villa, IL 60046

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