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327-329 Waukegan Ave 1,000 SF of Retail Space Available in Highwood, IL 60040
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,000 SF | Negotiable | $61.68 CAD/SF/YR $5.14 CAD/SF/MO $61,675 CAD/YR $5,140 CAD/MO | Modified Gross |
1st Floor
Opportunity to acquire a fully equipped second-generation restaurant and bar located in an affluent community, positioned within a charming and highly sought-after food and entertainment corridor, and a calendar of well-attended annual festivals and events. This turn-key offering features a manageable footprint paired with a highly efficient layout, making it ideal for an owner/operator seeking strong performance without excessive overhead. The low occupancy cost further enhances profitability and long-term sustainability. Additionally, the property boasts ample outdoor café-style dining and excellent curb appeal, creating an inviting presence that naturally draws both local patrons and destination diners. Opportunities like this are increasingly rare in this market, where limited inventory and high barriers to entry make second-generation spaces highly desirable. This offering is priced to sell, as the current ownership is relocating, presenting a unique chance to acquire a proven operation in a premier North Shore setting. This is a confidential offering. Do not approach staff or management. Financial review is required prior to scheduling a tour during off-operating hours, accompanied with the designated listing broker.
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 327-329 Waukegan Ave, Highwood, IL 60040
- Tenant
- Description
- US Locations
- Reach
- Loft 329 Llc
- Public Administration
- 1
- -
- Marcos Northside Cafe
- Restaurant
- 1
- -
- Toad's Stool & Pub
- Cocktail Bar
- 1
- -
| Tenant | Description | US Locations | Reach |
| Loft 329 Llc | Public Administration | 1 | - |
| Marcos Northside Cafe | Restaurant | 1 | - |
| Toad's Stool & Pub | Cocktail Bar | 1 | - |
Property Facts
| Total Space Available | 1,000 SF | Gross Leasable Area | 7,361 SF |
| Property Type | Retail | Year Built | 1920 |
| Property Subtype | Storefront | Parking Ratio | 0.41/1,000 SF |
| Total Space Available | 1,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 7,361 SF |
| Year Built | 1920 |
| Parking Ratio | 0.41/1,000 SF |
About the Property
Opportunity to acquire a fully equipped second-generation restaurant and bar located in an affluent community, positioned within a charming and highly sought-after food and entertainment corridor, and a calendar of well-attended annual festivals and events. This turn-key offering features a manageable footprint paired with a highly efficient layout, making it ideal for an owner/operator seeking strong performance without excessive overhead. The low occupancy cost further enhances profitability and long-term sustainability. Additionally, the property boasts ample outdoor café-style dining and excellent curb appeal, creating an inviting presence that naturally draws both local patrons and destination diners. Opportunities like this are increasingly rare in this market, where limited inventory and high barriers to entry make second-generation spaces highly desirable. This offering is priced to sell, as the current ownership is relocating, presenting a unique chance to acquire a proven operation in a premier North Shore setting. This is a confidential offering. Do not approach staff or management. Financial review is required prior to scheduling a tour during off-operating hours, accompanied with the designated listing broker.
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327-329 Waukegan Ave
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