101 W Main St

101 W Main St , West Dundee, Illinois, 60118 | 4,800 sq.f | $ 1,200,000

Card image
Card image
Card image

About This Restaurant

Investment Highlights

Busy street; historic downtown; across from concert venue; public parking

Executive Summary

The building is for sale. There is an existing tenant running the existing business paying monthly rent. This is a great investment opportunity. The area has been steadily increasing in value with many ongoing neighborhood investments and improvements. The building is fully remodeled inside and out.This business is a favorite among locals and concert goers to the music venue across the street. This building was totally remodeled from top to bottom inside and out. The decor is up to date with granite bar and counter tops, and a newly bricked outside including French style balconies with a nice view of the nearby Fox river. This location has been a restaurant/bar for more than 50 years. The menu boasts the best food in the area including family recipes with comfort food made from scratch. The location has 5 video poker gaming machines, 12 draft beer taps, and 9 large screen TVs for sporting events. There is an upstairs with an office with full bathroom, two public restrooms, and party room with bar that overlooks the historic town for party rentals, banquets, meetings, live bands, DJs and more. There is a full basement for kitchen prep, dish room, manager?s office, walk in coolers, liquor cage and storage. There is a patio for outside seating and a walk-up window for delivery and pickup. There is plenty of public parking in the full parking lot.Facilities: The building has two newly remodeled levels with 3200 square feet built in the 1930s with a lot of character both inside and out. There is an additional basement not included in the 3200 square feet. The HVAC units and most kitchen and bar equipment are new.Growth & Expansion: Advertising the upstairs Fusion Lounge for parties, banquets, catering, live bands, DJs and business meetings.

Property Details

  • Sale Type    Investment or Owner User
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Bar General Retail Storefront Restaurant
  • Building Size    4,800
  • Building Class    C
  • Year Built/Renovated    1930/2017
  • Price    1,200,000
  • Price Per SF    250
  • Cap Rate    6
  • NOI    72,000
  • Percent Leased    100
  • Building Height    2 Stories
  • Building FAR    1.84
  • Land Acres    0.06 AC

Amenities

  • Restaurant
  • Security System
  • Air Conditioning
  • Balcony

Nearby Amenities & Transportation

Retail PNC Bank
Retail Starbucks
Retail Planet Fitness
Retail Red Lobster
Retail Olive Garden Italian Rstrnt
Retail Huntington National Bank
Retail BMO
Retail Fifth Third Bank
Retail Denny's
Retail ALDI

Property Taxes

Parcel Number 03-22-483-025 Improvements Assessment $23,667 (2022)
Land Assessment $258,458 (2022) Total Assessment $24,000 (5.00/SF)
Date Created: 2024-07-16 04:13:39 Last Updated: 2024-07-16 04:13:39
Address: 101 W Main St , West Dundee, Illinois, 60118