Recently Remodeled Fully-Equipped Freestanding Restaurant & Bar Loves Park, IL – Property Included!
Bring Or Expand Your Existing Concept Here Or Launch Your Own Restaurant Concept At This Ideal Space
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Summary:
An outstanding investment opportunity in a prime commercial location.
A fully-equipped 5,400 sqft freestanding restaurant and bar, recently renovated in 2022. Features a large main floor with commercial kitchen, wait station, separate full bar, spacious dining room, fenced-in side patio and a full basement for storage.
Plus, a second story with tremendous potential for expansion - additional seating, a private party room, an event space, another bar or an apartment for the owner (or to lease out for additional income). Can also add gaming!
Boasts a striking exterior and dramatic interior with high ceilings, exposed rafters/ductwork, many windows to let in natural light, balcony, large screen tvs, ample seating and more. Kitchen includes a 15ft hood, 2-burner stove & flat top w/oven, fryer, 2-door sandwich unit, 2-door reach-in fridge & freezer, walk-in cooler, walk-in freezer, ice machine, POS system and much more.
Asset sale with property - all furniture, fixtures & equipment (FF&E) and property included. Bring or expand your existing concept here or launch your own restaurant concept at this ideal space!
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.
Competition:
Features a turnkey first floor with a customizable second floor. Great for any restaurant concept!
Strategic location in Winnebago County. Ideally situated in the thriving community of Loves Park. Conveniently located close to major highways and thoroughfares that connect to key commercial and residential hubs. On bustling Forest Hills Rd in a high-traffic area.
Growth and Expansion:
Situated in a well-established and growing community with a strong local economy. In an area of ongoing development projects and increasing property values. Also, a profitable gaming area!
Location:
Prime retail space in a two-story freestanding building with great visibility, access and parking.
Perfectly situated on Forest Hills Rd with over 16,5000 vehicles per day. Located between Harlem Rd with Forest Hills Plaza and East Riverside Blvd with an Aldi and a Walmart Supercenter. And just north of a large industrial park. Also, close to Hennig’s new plant expansion in Machesney Park. Plus, surrounded by a vast residential area!
Located in Loves Park, part of the Rockford metropolitan area, is a flourishing commercial and residential community in northern Illinois. Plus, the Rockford area is the third largest in Illinois with over 350,000 residents!
County: Winnebago
Facilities:
Property Information: Two-story freestanding building built in 2000. And recently renovated in 2022 - the first floor was completely redesigned. And the second story has a separate entrance from outside. On 30,370 sqft or .65 acres of land with its own parking lot with 30 spaces. Real estate taxes $12,448.
Square Feet: 5,400.
Seating: 65 Inside & 40 Outside (Can Add Additional Seating).
Days/Hrs of Operation: Currently closed.
Real Estate: Owned.
Value of FF&E: Included In Asking Price (Valued at $150,000).
Value of Inventory: Not Included In Asking Price.
Seller Financing Available: No.
Reason for Selling: Property available.