Bring Your Concept Here - An Incredible Opportunity To Hit The Ground Running
Mount Prospect, IL
Asking Price: $10,000
Gross Sales: $(Space For Lease)
Net Operating Income: $(Space For Lease)
Monthly Rent: $4,000
Lease Expiration: (New Lease)
Options: (New Lease)
Year Established: 1968
Owner Operated: No
Seller Financing: No
Food Type: Any, Bar/Pub/Tavern/Lounge, Grill, Pizza Place, Video Gaming
Service Type: Full Service
Business Type: Independent
Sale Type: Space For Lease

Description:

Excellent opportunity to lease a fully equipped pizza pub in an ideal suburban downtown location.

Beautiful interior boasts warm woods, exposed brick, a gorgeous stone accent wall with a huge draft beer system, 1 large wrap around bar, another smaller bar, plus room for lots of seating and a place to add video gaming machines. Kitchen includes hood, double deck pizza ovens, 6-burner stove, 2 walk-in coolers and much more. Also features upgraded electrical and bathrooms. And has a partial basement for storage.

Bring your concept here! This is an incredible opportunity to hit the ground running!! Also, the opportunity to add video gaming!!!

Feel free to stop by the location first. This is a highly confidential listing. If interested, contact EatZ for more information. Showings by appointment only.

County: Cook
Location:

Prime corner retail space in the heart of downtown Mount Prospect, a growing sought-after northwest suburb with over 54,000 residents. Perfectly situated just off busy Busse Ave (Main St) and Northwest Highway (Route 14) both with very high traffic counts.

Adjacent 20 West, a recently completed 6-story mixed-use building with 73 apartments and 2-story restaurant. Near Maple Street Lofts, another new 6-story mixed-use development with 257 luxury apartments, 56 single-family attached rowhomes and 15,000 sqft of retail/restaurant/entertainment currently under construction. And Prospect Place, a 5-story mixed-use building which includes 80 rental units and 1st floor commercial space, has just been approved nearby!

Also, walking distance from the Metra station and bus stop. And close to many other popular restaurants and bars including Station 34, Central Continental Bakery, Le Peep Café and so much more. Surrounded by a rapidly expanding dense suburban downtown residential and commercial area with abundant free on-street parking and nearby public parking lots.

Real Estate: Leased
Facilities:

Lease Information: Leased space $4,000/mth gross. New lease for 3-5 years with options. $10,000 security deposit. Real estate taxes $4.00 sqft. Square Feet: 3,000. Seating: 210 (Seating Is Not Currently In Place - Must Be Added By New Operators). Days/Hrs of Operation: To Be Determined By New Operators.

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

Rare availability for an end-cap retail space with great visibility, signage, easy access and parking. Ideal busy downtown suburban location. High traffic counts and tons of food traffic. Sought after downtown Mount Prospect!

Growth and Expansion:

The very popular "Ye Olde Town Inn" occupied this space for almost 5 decades! 46+ successful years at this location as a thriving pizza pub. A real gem. Local favorite spot. Neighborhood joint. A staple in the community. Had lots of regulars for generations. A spot everyone has come to love over the years. Huge population of residents in the multiplying surrounding high & mid-rise condos, apartments, townhouses, row homes and homes all within walking distance!

Time to get in is now and grow along with this amazing downtown!!!!!!!!!!

Seller Financing Available: No
Reason For Selling: Landlord looking to lease fully equipped space.