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Dover Straits 890 E US Highway 45 13,000 SF Retail Building Mundelein, IL 60060 $3,768,984 CAD ($289.92 CAD/SF)



INVESTMENT HIGHLIGHTS
- High-traffic corridor on US Highway 45, ensuring excellent visibility.
- Easy access to major roads, including IL-60 and IL-83, connecting to Lake County hubs.
EXECUTIVE SUMMARY
This opportunity to purchase a successful restaurant business along with its prime real estate is truly exceptional. Here's a breakdown of what makes it a great investment: *** Established Brand Reputation *** 45+ Years in Business: The restaurant has been operating successfully for over 45 years, earning a reputation for great food and a loyal customer base. *** Turnkey Operation *** Fully Equipped: The sale includes all FFE (Furniture, trade fixtures, equipment), inventory, recipes, and the established brand name. Immediate Profit: With its existing operations, the restaurant is already generating profit. *** Growth Potential *** Expand Hours: Currently, the restaurant is closed on Mondays and closes at 9:00 pm during the week, 11:00 pm on Friday and Saturday, and 8:00 pm on Sundays. There's potential to extend these hours. 3 pm Liquor License: The liquor license allows sales from 3 pm onwards, offering potential for increased revenue. Gaming Machines: The new owner can implement gaming machines to generate additional income, as they are permitted. Bar area: Live entertainment, huge open bar with seating for 30 and stage area. *** Real Estate *** Prime Location: The property spans approximately 2 acres. Large Space: The restaurant itself is 13,000 square feet with seating for 350 patrons. Private Dining: It includes a separate dining room for private parties. Ample Parking: With 172 parking spaces, parking is never an issue. *** Summary *** This is an outstanding opportunity to acquire a successful and profitable restaurant business along with its prime real estate. With a long-standing reputation, existing loyal customer base, and numerous growth opportunities, this turnkey operation is well-maintained and ready for a new owner to continue its success.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
13,000 SF
Building Class
C
Year Built
1975
Price
$3,768,984 CAD
Price Per SF
$289.92 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.13 AC
Zoning
C-2 - Community commercial zoning
Parking
153 Spaces (11.77 Spaces per 1,000 SF Leased)
Frontage
536’ on U.S. 45
AMENITIES
- Pylon Sign
- Restaurant
- Security System
- Signage
- Storage Space
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $232,983 CAD (2024) | |
| Land Assessment | $239,394 CAD (2024) | Total Assessment | $472,377 CAD (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$239,394 CAD (2024)
Improvements Assessment
$232,983 CAD (2024)
Total Assessment
$472,377 CAD (2024)
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Dover Straits | 890 E US Highway 45
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