Listings

Summary:

Rare opportunity to lease a built-out and equipped freestanding restaurant along heavily traveled Route 120 in the growing Lakemoor/McHenry County market.

Skip the substantial time, cost and uncertainty associated with converting raw retail space into a restaurant! This 5,200 sqft freestanding restaurant is already configured for foodservice use and offers an existing commercial kitchen with a large exhaust hood & walk-in cooler, dining room furniture, fenced-in patio, prominent signage and 40 parking spaces.

The property is immediately available for a new tenant, creating an outstanding opportunity for an experienced independent operator, growing restaurant group or established concept looking to enter or expand within the northwest suburban market.

Property Highlights:
- 5,200 sqft freestanding restaurant
- On 0.74 acres
- Highly visible location on Rand Rd (Route 120)
- Commercial zoning
- Interior beautifully remodeled in 2023
- 80 indoor seats (multiple dining areas)
- Fenced-in patio providing additional seating
- 40 parking spaces
- Existing illuminated pylon signage
- Established restaurant location with 4 decades of foodservice history
- Can add liquor & video gaming
- Recently operated as Lakemoor Diner
- Previously home to the well-known Le Vichyssois - operated at the location for 38 years
- Existing landlord-owned restaurant equipment is available for tenant's use
- Landlord is willing to paint the building exterior in the tenant's choice of color, providing a new operator the opportunity to create its own identity

One of the property's greatest advantages is its existing restaurant infrastructure. Rather than starting with an empty commercial shell and investing heavily in kitchen improvements, ventilation, refrigeration, plumbing, dining furniture and related restaurant infrastructure, a new tenant can capitalize on an already established foodservice facility.

Existing FF&E:
- 12ft commercial hood w/Ansul fire-suppression system
- Double-stack convection oven
- 2-door tabletop cooler
- 3-door/2-drawer cooler
- Walk-in cooler
- Stainless-steel prep tables
- Vegetable/prep sink
- 3-compartment sink
- Dining tables & chairs
- Existing restaurant fixtures & infrastructure

For a restaurant operator comparing this opportunity with constructing a new restaurant from raw retail space, the combination of an existing commercial kitchen, hood system, refrigeration, dining area, furniture, patio, parking and signage can represent significant potential savings in both startup capital and opening time.

Bring your concept here!

Feel free to stop by the location first. If interested, please complete the short Contact Form on the right or email Pat Mahoney at Pat@eatz-associates.com or call 847-208-9569 for more information. Showings by appointment only.

Competition:

A rare 2nd-generation opportunity in an established restaurant location – former home of Lakemoor Diner and longtime Le Vichyssois for almost 4 decades.

The property's size, parking, existing kitchen infrastructure and flexible freestanding configuration make it suitable for a wide variety of concepts. Plus, the fenced patio offers additional potential for seasonal outdoor dining.

Much of the fundamental restaurant infrastructure is already in place. A new tenant can focus on branding the building, tailoring the kitchen to its menu with additional equipment and creating a new restaurant concept rather than beginning with an empty shell.

Growth and Expansion:

A strong and growing trade area.

The Lakemoor commercial market benefits from a substantial surrounding customer base encompassing portions of both McHenry and Lake Counties.

The greater Lakemoor market area reaches 94,000+ residents within 5 miles, while the Route 120/Route 12 intersection boasts more than 55,000 vehicles per day combined.

Continued residential and commercial development throughout Lakemoor, Volo and surrounding communities is adding additional households, consumers and traffic to the trade area.

The nearby Route120/Route 12 commercial district has attracted numerous national and regional businesses and restaurant concepts, demonstrating continued retailer and restaurant interest in the Lakemoor market.

Location:

Prime retail space in a one-story freestanding restaurant building. Boasts great signage, high visibility, ample parking and heavy vehicle traffic.

Strategically positioned directly along Rand Rd (Route 120) in Lakemoor, the property benefits from exposure to one of the area's principal east-west commercial corridors.

Route 120 connects the property with surrounding communities including McHenry, Volo, Fox Lake, Wauconda, Round Lake and the greater Chain O'Lakes area, creating the potential to draw customers from well beyond Lakemoor itself.

The property is just 2 miles west of the major Route 120 and Route 12 commercial intersection, one of the area's primary retail nodes. That intersection has grown substantially with major retail and restaurant development anchored by Woodman's Food Market and an expanding collection of national and regional concepts.

Plus, Lakemoor continues to actively encourage commercial development along Route 120, with the Village identifying the corridor as an important commercial and development area serving a growing northwest suburban population.

County: McHenry

Facilities:

Lease Information: Leased space - cheap $5,200/mth ($12 sqft) + CAM + taxes. Landlord will provide a new lease with options.

Square Feet: 5,200.

Seating: 80 Inside + Fenced-In Patio.

Days/Hrs of Operation: Currently closed.

Real Estate: Leased.

Value of FF&E: Not Included In Asking Price (Owned By Landlord).

Value of Inventory: Not Included In Asking Price.

Number of Employees: (Space For Lease).

Support/Training: (Space For Lease).

Seller Financing Available: No.

Reason for Selling: Available.