20 Golf RdDes Plaines, IL 60016

Property Details for 20 Golf Rd

Year built

1964

Lot size

0.37 AC

Property type

Retail space

APN

08-13-202-006

APU

813202006

Description

This exceptional investment opportunity presents a 2,800 square foot, fully equipped restaurant located at 20 W Golf Rd, Des Plaines, IL 60016. Built in 2007, this second-generation restaurant is situated on a 0.48-acre lot with ample parking for approximately 40 vehicles. The property boasts 159 feet of frontage along the highly trafficked Golf Road, experiencing 27,900 vehicles daily, with an additional 16,300 vehicles daily on nearby S Mount Prospect Rd. Its convenient location is equidistant to downtown Des Plaines and Mount Prospect, and offers easy access to O'Hare International Airport. The C-3 zoning permits a variety of uses, making it ideal for an owner-user seeking a diner, grill, or fast-casual restaurant. All furniture, fixtures, and equipment are included in the sale price of $925,000. The existing drive-thru adds significant operational potential. This turnkey operation presents a rare opportunity in a prime location with high visibility and substantial traffic counts.

• CAP approach

  CAP return

  Valuation

  6%

  $4,275,216

  6.5%

  $3,946,353

  7%

  $3,664,471

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,120,790

  Geo Method

  $5,286,800

• Alternative Use

  Use

  Valuation

  Residential

  $3,328,896

  Hospitality

  $3,049,251

  Educational

  $2,536,941

  Medical

  $2,624,190

  Retail

  $3,946,353

Location Insight

City

Des Plaines

County

Cook

State

Illinois

Latitude

42.049

Longitude

-87.9221

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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