Restaurants in Illinois available for sale
Turn Key Restaurants For Sale

Turn Key Restaurants for Sale in Illinois, USA

More details for 2138 S Mannheim Rd, Westchester, IL - Retail for Sale

2138 S Mannheim Rd

Westchester, IL 60154

  • Turn Key Restaurant
  • Retail for Sale
  • $1,177,429 CAD
  • 3,217 SF

Westchester Retail for Sale - Eastern East/West Corr

2138 S Mannheim Rd offers investors and owner-users the opportunity to acquire a freestanding retail asset in Westchester, Illinois. The property consists of a two-tenant retail building and provides a blend of immediate occupancy potential and existing income generation. Approximately 1,842 square feet is available for an owner-user while an established restaurant tenant remains in place under a long-term lease extending through March 2030 with scheduled rental increases. The property's location along Mannheim Road provides significant visibility within a well-established commercial corridor. Adjacent positioning to Jewel-Osco and the benefit of a reciprocal access easement contribute to convenient site access and support ongoing customer traffic. The surrounding retail environment includes a mix of neighborhood-serving businesses and regional commercial activity, enhancing the property's long-term appeal. Building improvements include a new roof installed in 2020, and the property has maintained stable occupancy during current ownership. The combination of in-place tenancy, available occupancy, and a highly visible retail location offers flexibility for investors seeking income and future upside, as well as owner-users looking to establish operations while benefiting from existing rental revenue. Its proximity to Chicago's western suburbs and regional transportation networks further supports the property's accessibility and market reach.

Contact:

Caton Commercial Real Estate Group

Property Subtype:

Restaurant

Date on Market:

2026-07-31

Hide
See More
More details for 89 E Grand Ave, Fox Lake, IL - Retail for Sale

Waterfront Restaurant & Bar (JPC-FL-IL-PM) - 89 E Grand Ave

Fox Lake, IL 60020

  • Turn Key Restaurant
  • Retail for Sale
  • $547,158 CAD
  • 2,500 SF
  • Air Conditioning
  • Restaurant
  • Waterfront

Fox Lake Retail for Sale - Central Northwest

Rare Waterfront Restaurant & Bar Far Northwest Suburb of Chicago - Property Included! "Offers Direct Channel Frontage Leading Into The Chain O' Lakes, Complete With Outdoor Seating & 4 Private Boat Slips" An exceptionally rare opportunity to acquire both a fully equipped restaurant operation and its real estate in one of Lake County's most desirable waterfront recreational markets. Offered as an asset sale, this established independent restaurant occupies a highly visible freestanding building with direct channel frontage, private boat docks, outdoor waterfront dining, a full-service bar and video gaming. All of the infrastructure already in place for a new owner! This incredible opportunity allows an owner to build equity through ownership of the real estate while operating from a location that would be extremely difficult and prohibitively expensive to replicate today. The 2,500 sqft freestanding building sits on 0.29 acres with 100 feet of road frontage, ample customer parking, excellent visibility and direct access to a navigable channel leading to one of Northern Illinois' most popular recreational lake systems. The property also features 4 private boat docks, creating a destination dining experience for boaters throughout the busy spring, summer and fall seasons while continuing to serve a loyal year-round local customer base. Inside, the restaurant is completely equipped with a fully equipped commercial kitchen featuring a 12ft hood, numerous equipment upgrades, a dining room, full-service bar with 6 taps, video gaming area and an outdoor waterfront deck capable of accommodating additional seasonal seating. The current owners have also invested in updated kitchen equipment, plumbing improvements and a new front entrance. For buyers seeking multiple revenue streams, this opportunity delivers. In addition to food and beverage sales, the establishment operates 6 licensed video gaming terminals, with 2025 gaming income of $72,268 reflecting strong gaming activity at this location, further demonstrating the property's established customer base. Whether you're an owner-operator seeking your own building or an investor looking for an irreplaceable waterfront commercial property with tremendous upside, opportunities like this rarely come to market. Location: Prime retail space in a highly desirable waterfront setting within the renowned Chain O' Lakes recreational region - one of the Midwest's premier boating and tourism destinations, attracting thousands of residents and visitors throughout the year. The Chain O' Lakes spans 15 interconnected lakes and is one of the busiest inland recreational waterways in the country, drawing boating enthusiasts, anglers, vacationers, weekend travelers and outdoor recreation lovers from across the greater Chicago metropolitan area. Well positioned along a busy avenue surrounded by an established mix of local restaurants and neighborhood taverns. Just minutes from a movie theater, multiple shopping centers and numerous everyday service businesses, creating continuous consumer activity throughout the day and evening. And strategically located between two of the area's primary transportation corridors near the Metra station, providing convenient access for both local residents and visitors traveling from Chicago and surrounding suburbs. Year Established: 1993 (Current Owner 2018). Property Information: 2,500 sqft single-story building with 24 parking spaces. On 0.29 acres or 12,545 sqft. Built in 1950. Zoned B2. Real estate taxes $6,387 a year. The property is being offered for just $110 per square foot - well below the area's estimated retail benchmark - making it an outstanding value for an owner-user seeking to control occupancy costs while building long-term equity. Square Feet: 2,500. Seating: 96 (12 Barstools + 60 Inside + 24 Outside). Days/Hrs of Operation: Mo-Fr 3p-10p & Sa-Su 10a-10p. Owners Role: Absentee. # Of Employees: 6. Training: One week on-site comprehensive training. Value of FF&E: Included In Asking Price. Value of Inventory: Not Included In Asking Price. Seller Financing Available: No. Reasons for Selling: Retiring. Competition/Market: Ideal for an experienced operator looking to continue the current concept or introduce an entirely new vision. The existing layout and infrastructure could easily accommodate numerous concepts including: Breakfast & brunch café - American grill - Pizza & Italian restaurant - Mexican restaurant & tequila bar - BBQ restaurant - Seafood restaurant - Destination lakefront dining concept - Neighborhood tavern or pub - Sports bar - Cocktail lounge with kitchen - Entertainment venue with gaming Few waterfront restaurant properties with private docks, dedicated parking, existing restaurant infrastructure and strong visibility ever become available at this price point. The rare combination of an established restaurant facility, waterfront amenities, gaming income, valuable real estate ownership and exceptional long-term investment value - all at a price point that is difficult to duplicate in today's market. Growth & Expansion: A new ownership has numerous opportunities to increase both sales and profitability: 1) Expand seasonal outdoor dining and entertainment on the waterfront deck with live music, themed events, boat-in parties and private gatherings to capitalize on the property's unique channel-front setting. 2) Increase food and beverage sales by extending operating hours, introducing online ordering, expanding takeout services and 3rd-party delivery. 3) Grow bar revenue through specialty cocktails, craft beer, happy hour promotions and community events. 4) Increase gaming revenue through targeted promotions and player loyalty programs. 5) Rebrand or introduce a new concept while leveraging the fully equipped kitchen, full-service bar, private boat docks and highly desirable waterfront location. This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. If interested, please email Pat Mahoney at Pat@eatz-associates.com or call 847-208-9569 for more information. Showings by appointment only outside of business hours. Listed by Pat Mahoney & Tom Traina at EatZ & Associates/EatZ Real Estate Group

Contact:

EatZ Real Estate Group LLC

Property Subtype:

Restaurant

Date on Market:

2026-07-24

Hide
See More
More details for 1910-1918 N Rand Rd, Palatine, IL - Retail for Sale

Investment/Owner-User Opportunity - 1910-1918 N Rand Rd

Palatine, IL 60074

  • Turn Key Restaurant
  • Retail for Sale
  • $1,591,606 CAD
  • 5,600 SF

Palatine Retail for Sale - Schaumburg Area

Exceptional investment and owner-user opportunity featuring a fully renovated three-unit retail/restaurant building in one of the area's most vibrant and rapidly evolving commercial districts. The property is home to established tenants Kolatek Baking Company, Ami Manera Mexican Cuisine, and Slaw Burger, while also benefiting from additional income generated by an on-site billboard lease. Kolatek Baking Company has announced plans to vacate, creating an opportunity for an owner-user to occupy approximately 3,400 SF of turnkey restaurant space. The existing restaurant infrastructure offers a seamless transition for a new operator, with equipment available separately. Alternatively, the seller is open to discussing a short-term leaseback arrangement, providing flexibility for investors seeking continued occupancy and cash flow. Over the past five years, the entire property has undergone extensive renovations and improvements, including upgrades to all three tenant spaces, roof improvements, new outdoor seating areas, decorative lighting, planters, updated HVAC systems, water heaters, security cameras, and alarm systems. The result is a modern, energetic destination that has become known locally as "The Place to Be." Positioned along highly trafficked Rand Road, the property benefits from excellent visibility and exposure. The surrounding area continues to experience significant public and private investment, with the Village actively revitalizing the district through an approved TIF Grant Program that provides funding assistance for interior and façade improvements. The building's eastern-facing orientation offers pleasant morning sunlight and comfortable afternoon shade for outdoor dining and customer enjoyment.

Contact:

Integra Commercial

Property Subtype:

Freestanding

Date on Market:

2026-06-29

Hide
See More
More details for 1700 Fredrick Ln, Normal, IL - Retail for Sale

1700 Fredrick Ln

Normal, IL 61761

  • Turn Key Restaurant
  • Retail for Sale
  • $761,866 CAD
  • 1,883 SF
See More
More details for 9421 S Stony Island Ave, Chicago, IL - Retail for Sale

Restaurant Property with Parking Lot - 9421 S Stony Island Ave

Chicago, IL 60617

  • Turn Key Restaurant
  • Retail for Sale
  • $3,185,983 CAD
  • 3,000 SF

Chicago Retail for Sale - South Chicago

Positioned along the highly trafficked Stony Island Avenue corridor on Chicago’s South Side, this turnkey restaurant opportunity offers operators and investors a rare chance to acquire or lease a like-new, fully built-out freestanding restaurant with dedicated parking. Formerly occupied by Huddle House, the property features a modern free-standing building that was developed within the last few years, presenting a clean slate for a new concept. The offering includes all existing FF&E, allowing for immediate occupancy with minimal downtime and significantly reduced startup costs. The layout is optimized for efficient service, accommodating dine-in, carryout, and potential delivery operations. Situated on a prominent stretch of Stony Island Ave.—one of the South Side’s primary north-south thoroughfares—the site benefits from strong visibility, accessibility, and consistent vehicular traffic. Importantly, Stony Island serves as a direct arterial route to the future Obama Presidential Center in Jackson Park, one of the most anticipated developments in the country, expected to draw millions of annual visitors. Ongoing and planned infrastructure improvements along the corridor—including roadway enhancements and potential lane expansions—are designed to support increased traffic flow and accessibility to the area, further strengthening the long-term positioning of this location. The surrounding Calumet Heights area continues to see reinvestment and growing demand, with limited freestanding restaurant inventory available.  This opportunity is well-suited for a wide range of concepts including quick-service, fast casual, full-service dining, or franchise expansion. With infrastructure already in place, operators can focus capital on branding and operations rather than construction.

Contact:

Kudan Group, Inc.

Property Subtype:

Restaurant

Date on Market:

2026-04-06

Hide
See More
More details for 1015 E Ogden Ave, Naperville, IL - Retail for Sale

El Hogar Mexican Restaurant - 1015 E Ogden Ave

Naperville, IL 60563

  • Turn Key Restaurant
  • Retail for Sale
  • $2,077,815 CAD
  • 1,800 SF
See More
More details for 40W188 Campton Crossings Dr, St Charles, IL - Retail for Sale

40W188 Campton Crossings Dr

St Charles, IL 60175

  • Turn Key Restaurant
  • Retail for Sale
  • $2,077,815 CAD
  • 5,703 SF
  • 1 Unit Available
See More
More details for 104 Taylorville Rd, Taylorville, IL - Retail for Sale

Burtons Tap - 104 Taylorville Rd

Taylorville, IL 62568

  • Turn Key Restaurant
  • Retail for Sale
  • $436,341 CAD
  • 3,719 SF
See More
More details for 1856 E Broadway, Alton, IL - Retail for Sale

1856 E Broadway

Alton, IL 62002

  • Turn Key Restaurant
  • Retail for Sale
  • $761,866 CAD
  • 7,126 SF
See More
More details for 116 S Larkin Ave, Joliet, IL - Retail for Sale

116 S Larkin Ave

Joliet, IL 60436

  • Turn Key Restaurant
  • Retail for Sale
  • $2,209,410 CAD
  • 5,800 SF
See More
More details for 101 W Main St, West Dundee, IL - Retail for Sale

101 W Main St

West Dundee, IL 60118

  • Turn Key Restaurant
  • Retail for Sale
  • $1,939,294 CAD
  • 4,800 SF
  • Air Conditioning
  • Security System
  • 24 Hour Access
  • Restaurant
  • Wheelchair Accessible

West Dundee Retail for Sale - Far Northwest

Turnkey Restaurant & Real Estate Package — Historic Downtown West Dundee Prime opportunity to acquire both the real estate and operating restaurant/bar business in the heart of historic downtown West Dundee. This 4,800 SF two-story property (plus full basement) has operated successfully for over 25 years and was completely remodeled, blending 1930s character with modern upgrades. Located directly across from the RocHaus concert venue, the property enjoys excellent pedestrian visibility and strong weekend traffic from concert-goers and downtown visitors. Known locally for scratch-made comfort food and signature cocktails, the business has a loyal following and an outstanding community reputation. The sale includes the property, FF&E, licenses, and food inventory through an asset sale, offering a fully turnkey opportunity for an owner-operator or investor seeking a proven restaurant location with immediate cash flow potential. Property Features • 4,800 SF restaurant/bar + full basement for prep, dish, and storage • Main level: full bar with granite tops, 12 draft lines, 9 TVs, and 5 licensed video gaming machines • Upstairs: event space with private bar, two restrooms, and office with full bath — perfect for parties, meetings, or live music • Exterior: bricked façade with French-style balconies, outdoor patio seating, and walk-up window for takeout and delivery • Newer HVAC units and updated kitchen/bar equipment • Ample public parking in adjacent municipal lot Highlights • Fully remodeled interior and exterior • Historic charm with modern amenities • 25+ year restaurant/bar location • Licensed video gaming (5 machines) • FF&E, recipes, and inventory included • Directly across from RocHaus concert venue • Outdoor patio and walk-up service window • Half block from the Fox River and Riverwalk. • Ideal for owner-operator or investor Zoning C-B1 Downtown Biz Dist — permits restaurant, bar, retail, and entertainment uses within West Dundee’s revitalized downtown business district. Financial Overview Asking Price: $1,350,000 Estimated Market NOI: $102,000 (based on $8k–$9k monthly rent) Cap Rate: ~7.6% Lease Term: Through Nov 2025 (tenant is current operator) Business Sale: Asset sale includes FF&E, inventory, recipes, and goodwill Summary A rare opportunity to own both a profitable restaurant operation and the historic building it occupies in one of the Fox River Valley’s most vibrant downtown districts. Perfect for investors seeking stable returns or experienced restaurateurs ready to step into a fully equipped, well-known establishment with built-in local recognition and steady income potential.

Contact:

Jacobs Holdings LLC

Property Subtype:

Restaurant

Date on Market:

2025-06-02

Hide
See More
More details for 1427 W Galena Ave, Freeport, IL - Retail for Sale

Big Apple Restaurant Freeport IL - 1427 W Galena Ave

Freeport, IL 61032

  • Turn Key Restaurant
  • Retail for Sale
  • $1,662,252 CAD
  • 2,920 SF
See More
More details for 1116-1122 Diamond Lake Rd, Mundelein, IL - Retail for Sale

Restaurant/Mixed-Use Properties - 1116-1122 Diamond Lake Rd

Mundelein, IL 60060

  • Turn Key Restaurant
  • Retail for Sale
  • $2,008,555 CAD
  • 12,875 SF
See More
More details for 241 S Milwaukee Ave, Wheeling, IL - Retail for Sale

241 S Milwaukee Ave

Wheeling, IL 60090

  • Turn Key Restaurant
  • Retail for Sale
  • $2,907,556 CAD
  • 10,761 SF
See More
More details for 226 Main St, Woodstock, IL - Retail for Sale

226 Main St

Woodstock, IL 60098

  • Turn Key Restaurant
  • Retail for Sale
  • $824,200 CAD
  • 4,128 SF
See More
More details for 8341 Grand Ave, River Grove, IL - Retail for Sale

8341 Grand Ave

River Grove, IL 60171

  • Turn Key Restaurant
  • Retail for Sale
  • Price Upon Request
  • 6,080 SF
See More
More details for 908 N Main St, Brighton, IL - Retail for Sale

908 N Main St, Brighton, IL - 908 N Main St

Brighton, IL 62012

  • Turn Key Restaurant
  • Retail for Sale
  • $547,158 CAD
  • 2,000 SF
See More
More details for 25106 N 1750 East Rd, Hudson, IL - Retail for Sale

25106 N 1750 East Rd

Hudson, IL 61748

  • Turn Key Restaurant
  • Retail for Sale
  • $554,084 CAD
  • 2,720 SF

Hudson Retail for Sale

The Lake Road Inn presents an opportunity to acquire a long-established hospitality property with deep roots in McLean County. Located near Lake Bloomington in Hudson, Illinois, the property has served generations of residents and visitors since opening in 1934 and remains a recognizable destination within the local dining and recreation corridor. The property consists of an approximately 2,720-square-foot building situated on 1.52 acres of commercially zoned land. The original structure includes a dining room dating to 1933, complemented by a bar expansion completed in the late 1980s and an additional kitchen area. Existing infrastructure includes a commercial kitchen with hood and Ansul fire suppression system, walk-in cooler and freezer, city water service, newer septic system, and newer central air equipment. A semi-finished attic with plumbing provides additional storage capability. Its location near Lake Bloomington benefits from consistent visitation associated with one of Central Illinois' most recognized recreational destinations. The combination of an established presence, commercial zoning, and existing restaurant infrastructure creates flexibility for an owner-operator, investor, or hospitality entrepreneur seeking to continue food and beverage operations or reposition the asset for an alternative commercial use permitted within the zoning designation. Additional site improvements include a detached garage and outdoor areas that provide opportunities for expanded patron gathering space. The property's longstanding community recognition, existing operational components, and strategic location near a regional recreational draw contribute to its appeal as a unique commercial acquisition opportunity.

Contact:

AXIS 360 Commercial Real Estate Specialists

Property Subtype:

Restaurant

Date on Market:

2026-07-20

Hide
See More
More details for 720 E Rand Rd, Mount Prospect, IL - Retail for Sale

720 E Rand Rd

Mount Prospect, IL 60056

  • Turn Key Restaurant
  • Retail for Sale
  • $1,870,034 CAD
  • 2,229 SF

Mount Prospect Retail for Sale - Schaumburg Area

**BANK PRE-APPROVED SHORT SALE-AN OUTSTANDING OPPORTUNITY TO ACQUIRE A TURNKEY RESTAURANT PROPERTY AT AN EXCEPTIONAL VALUE!** Don't miss what may be one of the best commercial real estate opportunities of the year! This freestanding, 2,533-square-foot masonry restaurant sits on a 23,391-square-foot site in Mount Prospect's highly active Rand Road retail and fast-food corridor. The property offers existing drive-thru capability with a curb cut on Rand Road, approximately 25 parking spaces, excellent visibility, and exposure to approximately 17,600 vehicles per day. Located just south of the signalized intersection of Rand Road and Central Road-and directly across from Menards. This property is surrounded by major retailers and restaurants, including Walmart, Aldi, Subway, Bowlero, Texas Roadhouse, Buona Beef, and Dunkin'. With B-5 zoning, this is an excellent opportunity for restaurant operators, owner-users, investors, and entrepreneurs seeking a high-visibility suburban location. The building is fully built out and ready for operation, featuring a complete commercial kitchen, black iron exhaust hoods, fire-suppression systems, a walk-in cooler, and included furniture, fixtures, and equipment. Additional improvements include a modern facade, updated windows, upgraded rooftop heating and HVAC equipment, tuckpointing, and 200-amp electrical service. The property also features a second floor, offering the potential-subject to municipal approval-to expand upward or create an outdoor second-floor dining area. Convenient access to area highways and public transportation further strengthens this exceptional location. **Absolute turnkey condition** Bring your concept and take advantage of this rare short-sale opportunity! Please do not disturb the current operator. Contact the listing broker to schedule a private showing.

Contact:

RE/MAX AT HOME

Property Subtype:

Restaurant

Date on Market:

2026-04-21

Hide
See More
More details for 3210 W 4th St, Sterling, IL - Retail for Sale

3210 W 4th St

Sterling, IL 61081

  • Turn Key Restaurant
  • Retail for Sale
  • $553,945 CAD
  • 3,479 SF
See More
1-22 of 22

Turn Key Restaurants For Sale

Turn Key Restaurants

A turn key restaurant is in its simplest definition is an existing restaurant business that is bought and paid for, ready to open or continue its operations. So why would anyone want to invest in a turn key restaurant?  There are several reasons they make sense for investors.

  1. Turn Key Restaurant Businesses Are Less Risky Than Starting From Scratch

    Every business has risks and investing in turn key restaurants can be a good way to mitigate a few of them. When you buy an existing business, you are paying for the right to run it as the current owner does. By contrast, when you start from scratch you have no track record to use as a measure of success or failure.
  2. Turn Key Restaurants Mean You Can Start Up Quickly And Focus On The Business

    The faster you can get your new business open the better. Turn key restaurant businesses are attractive because they have everything in place for you when it is time to open up shop.  This means that all the work of finding a location, getting financing, hiring staff and buying the equipment for your business are handled by the seller.  This gives you time to focus on building a customer base rather than spending weeks or even months doing work that has nothing to do with running your business.
  3. Turn Key Restaurants Give Investors The Chance To Make More Money Than Starting From Scratch

    Once you have your business running you will have to keep it going or else lose money and the chance to ever make money at all.  This is not true with a turn key restaurant.  The restaurant is up and running so there are no start up costs for the new owner, just some minor expenses like licensing fees that need to be paid but not the expenses of buying all your business equipment.  This means that you have a few ways to make more money with less investment than if you bought a restaurant from scratch.

What should I look for in a turn-key restaurant?

While the turn key restaurant market has a lot of gems for potential investors, it is still important to remember that you are investing in a business. To make sure you get the best return on your investment, pay attention to these three things:

  • Location Is Everything

    Just like any other business, location is important when you buy a restaurant. Where your turn key restaurant is located can have a huge impact on how successful it will be. When choosing an area look at the population density and look for areas where there is demand for restaurants.

  • What Kind of Restaurant Are You Investing In?

    A restaurant's concept and niche is also a major consideration when choosing where to invest your money.  Your turn key restaurant should match the needs of the area you are investing in.  This means that not all restaurants will have equal success, especially if they don't meet people's expectations. Make sure you choose a restaurant that will be able to suit your area and get repeat customers.
  • Is It a fully equipped restaurant?

    It is important that the turn key restaurant you choose has everything in place to run.  If there are missing pieces or need for renovations, this could cost you more money down the line and make managing your business much harder too.  Make sure the equipment is ready to go in proper working order. Really take the time to look around, and make sure you do proper due diligence inspecting the condition of your turn key restaurant.
  • Is it a profitable restaurant?

    Understand that just because the restaurant is profitable does not mean it will be for you. When you buy a turn key business, anything that affects profit in your area also impacts the business.  Make sure to evaluate whether or not there are factors going on in the area that would have an impact on sales. Ensure that you have a CPA or similar look at the books of your turn key business so that you have a realistic idea of what the profits could be for you down the line. Examine the competition to understand future growth issues. Some areas are going to have more competition than others. If you buy a restaurant and soon after open another one opens up across the street this can make it harder to stay in business, especially in the short term. The key to getting a good return on your investment into a turn key restaurant. it can be hard to succeed if you buy a business that isn't making money in its current state, so ensure you have a strong business and marketing plan in place.
  • Is It Really a Turn Key Restaurant?

    The best way to make sure that the business is turn key is by researching every facet of it.  You should read any books or manuals about running the business, interview current employees, contact former owners, speak with customers and do anything else you can to get a full picture of what you are buying.  You don't want to find out that the business is not as turn key as you thought after you've paid for it.

Investing in turn-key restaurants can be a lucrative, low-risk way to get into the restaurant industry.

 

Looking to lease a Turn Key Restaurant? View Turn Key Restaurants for lease