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    551 S Route 31 Street

    West Dundee, IL 60118
    • $1,500,000
    • STATUS: Active
    • ON SITE: 52 days
    • MLS #: 11117991
    UPDATED: 51 min ago
    $1,500,000
    • 0
      BEDS
    • 1.43
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,752
      SQFT
    • $222
      $/SQFT

    School Ratings & Info

    Description

    *TURNKEY BUSINESS* FREE STANDING MODERN BRICK BUILDING FEATURES AN ILLUMINATED MARQUEE SIGN. EQUIPED WITH A DRIVE-UP MENU BOARD, TWO (2) DRIVE-THROUGH WINDOWS AND PLENTY OF PARKING. A FULLY FURNISHED TOTAL PACKAGE WITH TREMENDOUS VISIBILITY AND HIGH TRAFFIC! Just minutes from I-90 / Route 31 interchange this FREE-STANDING building has opportunity to host a CASUAL or FINE dining restaurant, sports bar, and/or banquet hall. The building has its very own private room that can be used for parties or as a game room. Fully equipped kitchen for nearly any concept. Located in PRIME spot by several busy strip malls, West Dundee post office, police and fire department. The variety of specialty stores and residential area nearby helps build easy foot-traffic. Everything you need to make your dream vision come true. Truly ideal for ANY type of restaurant. 6,752+/- SF of space! This property is eligible for TIF funding. The Village is willing and interested in discussing potential economic incentives through TIF funding to incentivize additional private investment in the property. In addition, for a retail or a restaurant type use at this location, additional consideration would be based on additional private investment and/or remodeling or rehabilitation of the existing building or property. West Dundee offers small-town friendliness with regional conveniences. The community's rich heritage is showcased in the architecture of the downtown business district which offers a variety of dining, shopping and entertainment opportunities adjacent to a picturesque river walk. West Dundee is also home to Spring Hill Mall, a regional mall with several national chain department stores and numerous specialty shops, and Oakview Corporate Park, home to Leafs Ice Center.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-08-02T11:56:08.607 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    551 S Route 31 Street West Dundee, IL 60118

    • Price: $1,500,000
    • Status: Active
    • Updated: 51 min ago
    • MLS #: 11117991
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.43
    Acres
    6,752
    SQFT
    $222
    $/SQFT
    Neighborhood:
    Dundee / East Dundee / Sleepy Hollow / West Dundee
    County:
    Kane
    Area:
    Dundee / East Dundee / Sleepy Hollow / West Dundee
    Property Description
    *TURNKEY BUSINESS* FREE STANDING MODERN BRICK BUILDING FEATURES AN ILLUMINATED MARQUEE SIGN. EQUIPED WITH A DRIVE-UP MENU BOARD, TWO (2) DRIVE-THROUGH WINDOWS AND PLENTY OF PARKING. A FULLY FURNISHED TOTAL PACKAGE WITH TREMENDOUS VISIBILITY AND HIGH TRAFFIC! Just minutes from I-90 / Route 31 interchange this FREE-STANDING building has opportunity to host a CASUAL or FINE dining restaurant, sports bar, and/or banquet hall. The building has its very own private room that can be used for parties or as a game room. Fully equipped kitchen for nearly any concept. Located in PRIME spot by several busy strip malls, West Dundee post office, police and fire department. The variety of specialty stores and residential area nearby helps build easy foot-traffic. Everything you need to make your dream vision come true. Truly ideal for ANY type of restaurant. 6,752+/- SF of space! This property is eligible for TIF funding. The Village is willing and interested in discussing potential economic incentives through TIF funding to incentivize additional private investment in the property. In addition, for a retail or a restaurant type use at this location, additional consideration would be based on additional private investment and/or remodeling or rehabilitation of the existing building or property. West Dundee offers small-town friendliness with regional conveniences. The community's rich heritage is showcased in the architecture of the downtown business district which offers a variety of dining, shopping and entertainment opportunities adjacent to a picturesque river walk. West Dundee is also home to Spring Hill Mall, a regional mall with several national chain department stores and numerous specialty shops, and Oakview Corporate Park, home to Leafs Ice Center.
    Exterior Features

    Approx Land Sq Footage 6752 Construction Materials Brick Frontage Type InterstateState RoadPaved Location Free Standing/Urban Miscellaneous Outside Patio Outdoor Parking 51-100 Spaces Parking Total 86 Waterfront YN No

    Interior Features

    Cooling Central Air Heat Ventilation Central Heat/Indiv Controls Miscellaneous Inside Handicapped AccessPrivate Restroom/SPublic Restroom/S

    Property Features

    Additional Parcels YN No Adj Net Income Year 2020 Adjusted Net Income 0 Annual Rent For Real Estate 0 Business Age 11+ Years Business Type Restaurant Corporate Limits Dundee Cost Of Goods Sold 0 Cost Of Goods Year 2020 Existing Lease Type Net Food Beverage Type Fast Food/Drive-InRestaurantCarry-Out General Information Short Notice Ok Gross Payroll 0 Gross Payroll Year 2020 Gross Profit 0 Gross Profit Year 2020 Gross Sales Ann Year 2020 Gross Sales Annual 0 Inventory 0 Inventory Year 2020 Known Encumbrances None Known Land Amenities Lighting/Exterior Leaseable Area Units Square Feet Living Quarters None Lot Size 1.0-1.99 Acres Lot Size Dimensions 1.43 Net Operating Income Year 2020 Net Profit 0 Non- Disclosure Agreement Required YN No Operating Expense 0 Ownership Type1 Condo Possible Use CommercialRetail Property Offered For Sale Or Rent Real Estate Included YN Yes Sale Includes LandBuildingEquipment Sales Taxes 0 Sales Taxes Year 2020 Seller Will Train Tax Annual Amount 20653 Tax Year 2020 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceTaxesInsuranceRepairsRoofScavengerStructureSewerGas Total Actual Rent 10000 Total Operating Expenses Year 2020 Type Bus / Bus W/Real Est Type Of Lease Net Lease Unincorporated YN No Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Zamudio Realty Group.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-08-02T11:56:08.607 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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