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1320 Main St
Algonquin, IL 60102

Pizzeria & Tavern w/Gaming · Retail Property For Sale

Investment Highlights

  • 3,545 Freestanding Building On .399 Acre - RET $18,500
  • Full Bar With 6 Video Gaming Machines - 2022 Gaming Revenue $94,173 - Current Gaming Contract Expires 3/23/24
  • Established 1936 - Current Owners Since 1989 - Relocated Here 2003
  • 2nd Building On The Property That Can Be Converted To An Apartment Or Retail For Additional Rental Income
  • Separate Dining Room & Separate Carryout Entrance - Screened-In Deck With Seating
  • 2021 Sales $822,094 & 2022 Sales $631,920 Due To Being Closed Jan & Part of Feb Due To A Pipe Break!

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
3,545 SF
Building Class
C
Year Built
1980
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.39 AC
Zoning
B2
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
99 FT on IL 31 Hwy

Amenities

  • Pylon Sign
  • Restaurant
  • Air Conditioning

About 1320 Main St , Algonquin, IL 60102

Popular local tavern featuring award-winning thin, double-dough and deep-dish pizza. Along with full dinners, Italian pastas, broasted chicken, gourmet burgers, specialty sandwiches, fresh salads, homemade soups, tasty appetizers, mouth-watering desserts and more. Also, kids menu and Friday fish fry. Full service. Dine-in or out, carryout and delivery, plus catering. Beer and liquor also available for carryout. Full wrap-around bar with several beers on tap, large screen tv’s to watch all the games and 6 video gaming machines. 2022 gaming revenue $94,173. Separate dining room. And separate carryout entrance. Screened-in deck with seating out front. And garage/storage in the rear. Second floor office. Kitchen features a large hood, full kitchen line, double-deck pizza oven, walk-in cooler & freezer and more. Established in 1936. Current owners since 1989. Relocated here in 2003. Well established for over 87 years! Independent - no royalty, advertising or transfer fees. Full liquor license. Currently absentee owned and operated. 2021 sales were $822,094 and 2022 sales $631,920 due to being closed Jan and part of Feb due to a pipe break! Location: Prime retail space in a freestanding building with ample parking. Boasts great signage, visibility and access. Perfectly situated on a major thoroughfare with over 18,000 vehicles per day. Along with many other popular local businesses. Also surrounded by a vast residential area with over 140,000 residents within a 5-mile radius! Year Established: 1989 (Relocated 2003) Property Information: 3,545 sqft freestanding building built in 1980. Plus, a 2nd building on the property in the process of being rehabbed that could be converted to an apartment or retail for additional rental income. Parking for 50 vehicles. Monument sign. New roof and parking lot. On .399 Acre. Real estate taxes $18,500. Square Feet: 3,545. Seating: 100 (22+ Bar & 60 Dining Room & 16 Outside). Days/Hrs of Operation: Mo-Th 4p-10:30p, Fr-Sa 11a-12m, Su 10a-10:30p Owners Role: Absentee. # Of Employees: 10. Training: Two weeks on-site comprehensive training. Gross Sales (2021): $822,094. Net Operating Income: $120,288 Value of FF&E: Included In Asking Price (Valued at $100,000). Value of Inventory: $20,000 (Not Included In Asking Price). Seller Financing Available: No. Reasons for Selling: Retiring. Competition/Market: Warm and welcoming interior. Casual atmosphere. Dedicated to quality, service, good food, fun and drink. Incredible specialty pizzas. All-around delicious food. Wonderful selection. Outstanding catering. Family friendly. Fast delivery. Great staff. Known for their cold beer, exceptional food and friendly service. Historic name. Voted “Best Pizza” in the area. Amazing broasted chicken. Awesome fish fry. Fall-off-the-bone ribs. Homemade soups. Rated 4.3 Google, 4.3 Facebook, TripAdvisor and more. Over 2,100 followers on Facebook! Growth & Expansion: Local favorite restaurant and tavern. Neighborhood gem. A staple in the community. A must try. Tons of regulars for generations. Popular place for karaoke Friday and Saturday nights. Perfect place to grab a quick drink and bite to eat with friends or to have dinner with the family. Also, a fantastic place to hit the jackpot! Highly rated and recommended, great reputation to continue to build upon! Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, contact EatZ for more information. Showings by appointment only. If interested, please contact Tom Traina at Tom@eatz-associates.com or 847-651-3834 at EatZ & Associates/EatZ Real Estate Group LLC

PROPERTY TAXES

  • Listing ID: 27529782

  • Date on Market: 1/17/2023

  • Last Updated:

  • Address: 1320 Main St, Algonquin, IL 60102