Great Opportunity To Buy For $649,000 Or Lease Fully Equipped For $7,000/Mth
Cherry Valley , IL
Asking Price: $649,000
Gross Sales: $(Asset Sale)
Net Operating Income: $(Asset Sale)
Monthly Rent: $7,000
Lease Expiration: (Property Included)
Options: (Property Included)
Year Established: 1995
Owner Operated: No
Seller Financing: Yes
Food Type: Any, Chinese, Greek/Mediterranean, Hawaiian, Indian, Japanese, Mexican/Tex-Mex, Pizza Place, Seafood, Steakhouse
Service Type: Full Service
Business Type: Independent
Sale Type: Asset Sale With Property


Currently serving authentic Mexican cuisine.

Full service. Dine in, carryout, curbside pickup or delivery through DoorDash, UberEats and Grubhub.

Featuring a fully equipped kitchen, fully stocked bar and ample seating for 140, plus a private dining room for private parties and a full basement. Plus, two outdoor patio spaces (can also expand the patios if needed). Also, 5 video gaming machines.

Well established restaurant location for over 25 years! Family owned and operated.

Asset sale with property - great opportunity to buy for $649,000 or lease fully equipped for $7,000/mth.

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 employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

County: Winnebago

Prime retail space in a one-story freestanding restaurant with 90 parking spaces on 1.94 acres. At Bell School Rd and N Cherry Valley Blvd. Located near the intersection of US 20, Interstate 39 and Interstate 90. Close to CherryVale Mall, the largest shopping mall in northern Illinois outside of suburban Chicago. Anchored by Macy’s, JCPenny and more than 130 popular retail stores.

Perfectly situated in the Rockford area, the 3rd largest city in IL outside of Chicago, conveniently located 65 miles northwest of O'Hare. The area is home to several Fortune 500 company facilities, 3 major medical facilities, as well as more than 15,000 other businesses. It's the best of big city and small-town living. Almost 30% of the US population lives within 500 miles of its borders!

Real Estate: Owned

Masonry and brick one-story freestanding building on 1.94 acres. 2019 real estate taxes $14,159. Large parking lot for 90 vehicles. New 25-ton HVAC unit. Lease Information: Can lease fully equipped for $7,000/mth gross. New 5-year lease with options. Need to put down $21,000 (= first & last month’s rent + security deposit). Square Feet: 5,694 + Full Basement. Seating: 140.
Days/Hrs of Operation: Tu-Su 12n-8p (Closed Mondays). Owners Role: Absentee owner.

Support/Training: Negotiable on-site training.
Value of FF&E: Included in Asking Price
Value of Inventory: Not Included In Asking Price

A cornerstone in the Rockford community and has been recognized for its outstanding Mexican cuisine, excellent service and friendly staff. Also known for its modern interpretation of classic dishes and its insistence on only using high quality fresh ingredients. Best margaritas in town. Local favorite Mexican restaurant in the Rockford area!

Growth and Expansion:

Successful restaurant location for over 25 years. Ideal high traffic site. Near the mall. In the premier retail corridor of the flourishing commercial area of this growing far northwest city.

Seller Financing Available: Possibly, to a well-qualified buyer with substantial down.
Reason For Selling: Retiring.