7680 Grand AveGurnee, IL 60031

Property Details for 7680 Grand Ave

Year built

1990

Construction

BRICK

Lot size

0.57 AC

Property size (Sq ft)

7,835 SF

Property type

Turn key restaurants

APN

07-07-407-017

APU

707407017

Description

This exceptional 7,800 square foot restaurant located at 7680 Grand Avenue in Gurnee, Illinois, presents a truly turnkey opportunity for a discerning buyer. The property is priced at $1,299,000 and offers a fully operational kitchen, complete with all necessary furniture, fixtures, and equipment (FFE). The inviting interior includes a distinctive bar area featuring a unique built-in tree design, adding a touch of character and ambiance. A significant advantage is the inclusion of a second-level party room, providing versatile space for private events, celebrations, or expanded dining capacity. This adds considerable value and potential for increased revenue streams. The property sits on a sizable lot, offering ample space for outdoor seating, potential expansion, or additional development. The prime location on Grand Avenue in Gurnee ensures high visibility and accessibility, making it an ideal setting for a thriving restaurant business. This is a rare opportunity to acquire an established and well-equipped restaurant in a desirable location, ready for immediate operation and poised for continued success. The property is ready to welcome guests and create unforgettable dining experiences. All aspects of the business are in place, allowing for a seamless transition for the new owner.

• CAP approach

  CAP return

  Valuation

  6%

  $2,079,612

  6.5%

  $1,919,642

  7%

  $1,782,525

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,004,494

  Geo Method

  $2,571,682

• Alternative Use

  Use

  Valuation

  Residential

  $1,619,290

  Hospitality

  $1,483,261

  Educational

  $1,234,056

  Medical

  $1,276,497

  Retail

  $1,919,642

Location Insight

City

Gurnee

County

Lake

State

Illinois

Latitude

42.3864

Longitude

-87.992

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].