For Sale
$599,000

1320 Waukegan Rd Glenview, IL 60025

Restaurant space, high traffic, great visibility.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional Glenview, IL commercial property, located at 1320 Waukegan Road, presents a unique investment opportunity. Priced at $599,000, this 1,653 square foot freestanding retail space boasts a prime location with high visibility, benefiting from 23,000 vehicles per day (VPD) on Waukegan Road and an additional 31,000 VPD on nearby Lake Street. The property sits on a 9,590 square foot lot and includes 24 free public parking spaces directly adjacent. A significant advantage is the potential for a drive-through, enhancing operational flexibility. The space is fully equipped for a restaurant operation, featuring five wok stations, a walk-in cooler, a sushi display case, and a comprehensive exhaust hood system. The Village of Glenview offers an attractive incentive program, covering 50% of facade improvements and 50% of tenant improvement grants, further enhancing the value proposition. This high-income area is surrounded by established national retailers and restaurants, ensuring a strong customer base. Property taxes are $14,894.32 annually. This property is ideal for a discerning buyer seeking a turnkey restaurant operation in a high-traffic, high-visibility location. The property is also available for lease on a NNN basis.

Highlights

  • $599,000 asking price for a retail property and land.
  • 9,590 square foot lot.
  • 1,653 square foot freestanding restaurant space available for sale or lease in Glenview, IL.
  • High-traffic location on Waukegan Road (23,000 VPD) with proximity to Lake Street (31,000 VPD).
  • 24 free public parking spaces.
  • Drive-through option available.

Property Details for 1320 Waukegan Rd

Property type
Retail properties, Land

Location Insight

City
Glenview
County
Cook
State
Illinois
Latitude
42.0787638
Longitude
-87.7988317

FAQs

What type of property is this?
Retail property - Restaurant space, high traffic, great visibility.
Where is the retail property located?
The property is located at 1320 Waukegan Rd Glenview, IL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: $599,000 asking price for a retail property and land.; 9,590 square foot lot.; 1,653 square foot freestanding restaurant space available for sale or lease in Glenview, IL.
How can I contact the broker?
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1320 Waukegan Rd
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