The Major Retail Corridor w/30,000 VPD, Also Leads To Crystal Lake's Main Beach, Country Club & Downtown
Crystal Lake, IL
Asking Price: $599,000
Gross Sales: $ (Asset Sale)
Net Operating Income: $ (Asset Sale)
Monthly Rent: $
Lease Expiration:
Options: (Property Included)
Year Established: 1968
Owner Operated: No
Seller Financing: Yes
Food Type: American, Beef, Sandwich Shop
Service Type: Fast Food
Business Type: Independent
Sale Type: Asset Sale With Property

Description:

Incredible opportunity to purchase a premium property to re-develop into any type of fast food restaurant with room to add a drive-thru and more parking!

Current restaurant (Mr. A’s Italian Beef) boasts a freestanding building, large pylon sign, ample parking, fully equipped kitchen, full basement with lots of room for storage and parking for 33 cars with land to expand.

A great re-concept or re-development site!

Feel free to stop by the location as a customer first. This is a highly confidentially listing, please DO NOT talk to any of the employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

County: McHenry
Location:

Prime retail space on the major route and retail corridor of Crystal Lake with over 30,000 vehicles per day. At a signalized intersection with Dole Ave which leads to Crystal Lake’s main beach and country club in one direction and downtown Crystal Lake with over 170 businesses, specialty shops and the Metra station in the other. Features an affluent population with an average household income exceeding $96,000 within 3-miles.

Perfectly situated in Crystal Lake, a sought after far northwest suburb located approximately 50 miles NW of downtown Chicago. It’s just a short drive from O'Hare, near several major highways and interstates, plus it’s an easy access to the loop on Metra’s Union Pacific rail line.

Crystal Lake is the largest city in McHenry county with a population of over 40,000. A modern-day city that still retains its small-town charm. A great place to dine, shop, play, live and enjoy all of its amenities which also includes a 230-acre lake for fishing, boating, swimming & skating and a beautiful golf course, along with one of the best downtown shopping districts in McHenry County, as well as, a huge recreation area, many parks and some of the best schools in the region.

Real Estate: Owned
Facilities:

Property: 3 parcels on 0.6 acres of land. Zoned B2 (building & parking lot) & R3A (expansion parcel). On a “Hard Corner” with pylon sign. Has full access with 3 curb cuts on Route 14 (Northwest Highway/Virginia St), Dole Ave and Lake Shore Drive. 66 ft of frontage on Route 14 and 264 ft on Dole Ave. New building in 1975! Municipal water and sanitary. 2018 Real Estate Taxes $12,373 for all 3 parcels. Square Feet: 2,000. Seating: 44. Current Days/Hrs of Operation: Mo-Sa 10:30a-8p & Su 11a-8p.

Value of FF&E: Included In Asking Price
Competition:

Excellent location. Prime intersection. Boasts high visibility, easy access and ample parking. Surrounded by a vast commercial and residential area. One of the premier communities in northern Illinois.

Growth and Expansion:

Current restaurant was successful for over 50 years at this location. Ideal property for re-development. Much more room to expand the size of the building and parking lot. Would make an excellent drive-thru location!

Seller Financing Available: Possibly, to a well-qualified buyer with a minimum of 20% down.
Reason For Selling: Retiring.