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

12,875 SF Retail Building Mundelein, IL 60060 $1,550,000 ($120/SF)

Investment Highlights

  • Currently Active, Fully Equipped Restaurant for Owner/User
  • Fully Leased Convenience Store and 2 Residential Units included in Sale
  • Family Owned Restaurant with over 40 years of history in the Mundelein area
  • Gaming and Liquor License transferrable (with no name change and with background check)
  • Upside Potential for increased sales with increased hours of operation and participation in Village Events
  • FF&E included in sale

Executive Summary

******Do not disturb current tenant -all communication and showing should be through the brokers******
Currently Active, Fully Equipped Restaurant for Owner/User. Gaming and Liquor License transferrable (with no name change and with background check) Fully Leased Convenience Store and 2 Residential Units included in Sale.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
12,875 SF
Building Class
C
Year Built
1965
Price
$1,550,000
Price Per SF
$120
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
1.05 AC
Zoning
L-MU - Lakefront Mixed Use
Parking
45 Spaces (3.5 Spaces per 1,000 SF Leased)
Frontage
171 FT on Diamond Lake Rd

Amenities

  • Restaurant

Nearby Major Retailers

US Bank
Chase Bank
Taylor Rental
ALDI
The Picklr
Jewel-Osco
Goldfish Swim School
Scooter's Coffee
BMO

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11-31-301-010
Land Assessment
$50,164
Improvements Assessment
$102,261
Total Assessment
$152,425
  • Listing ID: 33173497

  • Date on Market: 9/13/2024

  • Last Updated:

  • Address: 1116-1122 Diamond Lake Rd, Mundelein, IL 60060

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