1044 9Th StLockport, IL 60441

This exceptional investment opportunity presents a well-established, turnkey restaurant located at 1044 E 9th Street, Lockport, IL 60441. The property, built in 1969, is a single-story, freestanding building offering excellent visibility and high traffic counts due to its prime location. Currently operating at 100% occupancy as a restaurant with seating for up to 80 patrons, the business generates a strong Net Operating Income (NOI) of $120,000, resulting in an attractive 18% cap rate. The asking price is $650,000. The property includes a spacious apartment above the restaurant, currently used for storage, offering potential for additional rental income or on-site management. This apartment features a living room, kitchen, one bedroom, and a bathroom. Low Will County taxes contribute to the property's strong financial performance. This versatile property offers a solid foundation for a thriving business and significant potential for future growth or redevelopment in a high-demand area. The lease term is zero years, presenting a unique opportunity for immediate ownership and control. The square footage of the building is not currently available.