9651 Higgins RdRosemont, IL 60018

Property Details for 9651 Higgins Rd

Year built

2008

Lot size

0.44 AC

Property type

Retail space

APN

12-04-215-017

APU

1204215017

Description

This exceptional 7,041 square foot freestanding restaurant building presents a unique investment opportunity in Rosemont, Illinois. Boasting unparalleled visibility from Interstates 90 and 294, with over 300,000 vehicles passing daily, this property enjoys a prime location on Rosemont's burgeoning "restaurant row" on Higgins Road. The building is situated amongst established and successful restaurants including Giordano's, Small Cheval, Moretti's, Portillo's, and Harry Caray's, ensuring high foot traffic and brand synergy. Its proximity to Rivers Casino, the number one casino in Illinois generating over $600 million in annual revenue, further enhances its appeal. The surrounding area is rich with amenities, including over 25 hotels and 18.2 million square feet of corporate office space in the O'Hare submarket, providing a substantial and diverse customer base. The property is conveniently located on the Wintrust corporate headquarters campus, offering ample surface parking for patrons and employees. This high-volume restaurant market also includes notable establishments such as Gibson's, Fogo de Chao, Carmine's, and Bub City, solidifying its position within a thriving culinary scene. This is an exceptional opportunity to acquire a well-positioned, high-visibility restaurant building in a dynamic and rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $8,428,631

  6.5%

  $7,780,275

  7%

  $7,224,541

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,252,125

  Geo Method

  $6,252,125

• Alternative Use

  Use

  Valuation

  Residential

  $6,562,953

  Hospitality

  $6,011,630

  Educational

  $5,001,606

  Medical

  $5,173,618

  Retail

  $7,780,275

Location Insight

City

Rosemont

County

Cook

State

Illinois

Latitude

41.9934

Longitude

-87.8681

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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