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502 Dixie Hwy

8,000 SF Retail Building Beecher, IL 60401 $2,550,000 ($319/SF)

Investment Highlights

  • Freestanding Corner Location w/Large Lot
  • 3 Bedroom Apartment Upstairs
  • Highly Profitable Operation w/Short Hours of Operation

Executive Summary

The Princess Café, a historic gem located in Beecher, Illinois, has been a beloved fixture of the local dining scene since its establishment in 1977. This landmark restaurant has cultivated a reputation for excellence over the decades, becoming a staple for both residents and visitors seeking a premier dining experience. Known for its exceptional cuisine, warm ambiance, and dedicated service, The Princess Café offers a unique investment opportunity in a thriving community.
The property spans a generous area, accommodating a seating capacity of 220 guests, making it one of the most substantial dining establishments in the region. The building itself is well-maintained, reflecting its decades-long history of success, while offering ample room for future upgrades or expansions if desired. The café is strategically situated along Dixie Highway, a major thoroughfare with a daily traffic count of approximately 9,200 vehicles, ensuring consistent visibility and accessibility.
The restaurant boasts a well-laid-out parking lot with ample spaces, making it convenient for patrons and large parties to visit comfortably. Its corner location further enhances ease of access, a critical factor in its steady stream of loyal customers. Despite its size and capacity, the café operates efficiently with short business hours, typically open only five days a week and for four to five hours each evening. This operational model highlights its profitability, with minimal strain on resources, and offers new owners significant flexibility to expand hours or days of operation to capture even greater revenue.
The Princess Café’s financial performance is a testament to its success. The business has maintained robust profitability year after year. In 2023, it achieved an adjusted net income of $467,567, with a projected adjusted net income for 2024 of $792,252. These figures underscore the café’s strong financial foundation and its potential to deliver exceptional returns for its next owner. In addition to its core restaurant operations, the property features four gaming machines, which provide a supplemental revenue stream and an added layer of entertainment for guests.
The café’s limited hours, coupled with its dedicated customer base, demonstrate the strength of its brand and operational model. The restaurant’s menu, renowned for its high-quality steaks and signature dishes like flaming saganaki, has earned it numerous accolades over the years. Many patrons describe it as a "destination restaurant," where families and friends gather to celebrate special occasions or enjoy a fine dining experience in a relaxed and welcoming atmosphere.
Beecher, Illinois, where the café is located, is a growing village in Will County. The area is known for its historic charm, family-friendly environment, and strong economic indicators. With a median household income of $131,141, and a low poverty rate, the community provides an ideal demographic for a profitable restaurant business. Beecher’s blend of suburban and rural characteristics attracts both local residents and travelers from surrounding areas, ensuring a steady flow of patrons to The Princess Café.
In summary, The Princess Café presents an extraordinary opportunity for investors or restaurateurs seeking a highly reputable, profitable, and well-established business in a prime location. With its proven financial success, strong community ties, and significant growth potential, this is more than just a restaurant— it’s a legacy.
Serious buyers are encouraged to contact the listing broker to obtain detailed financial records and explore this rare opportunity to own a piece of Beecher’s history.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,000 SF
Building Class
C
Year Built
1960
Price
$2,550,000
Price Per SF
$319
Business Value
$1,320,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.81 AC
Zoning
C - Commercial
Parking
21 Spaces (2.63 Spaces per 1,000 SF Leased)

Amenities

  • Corner Lot
  • Fireplace
  • Restaurant
  • Signage
  • Air Conditioning

About 502 Dixie Hwy , Beecher, IL 60401

The Princess Café, located at 502 Dixie Highway in Beecher, Illinois, is a historic restaurant established in 1863. It has been a cornerstone of Beecher's dining scene, offering patrons a blend of classic American cuisine and timeless ambiance. Situated on Dixie Highway, a major thoroughfare, the café benefits from significant daily traffic, enhancing its visibility and accessibility to both locals and travelers. Beecher is a growing village with a population of approximately 4,560 residents. The community exhibits a median age of 39.6 years, indicating a balanced mix of age groups. The median household income stands at $98,153, reflecting a relatively affluent population with disposable income, which bodes well for local businesses like The Princess Café. Large 3 bedroom apartment upstairs that can be occupied by an on site owner. Extra large bonus room that is unfinished as well. .81 Acres with approximately 90 parking spots. The building has been remodeled and expanded over the years including a handicap 1 floor elevator located at the entrance. The Princess Café's prime location on a busy highway, coupled with Beecher's favorable demographics and strong community engagement, positions it as a thriving establishment with significant potential for continued success. Its rich history and consistent patronage make it a standout destination in the region's dining landscape.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-16-319-020
Land Assessment
$31,468
Improvements Assessment
$222,423
Total Assessment
$253,891
  • Listing ID: 34267498

  • Date on Market: 12/21/2024

  • Last Updated:

  • Address: 502 Dixie Hwy, Beecher, IL 60401

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