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551 S Route 31 Street

West Dundee, IL 60118
  • $1,500,000
  • STATUS: Active
  • ON SITE: 132 Days
  • MLS #: 11324549
UPDATED: 37 min ago
$1,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS

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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© 2022 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 Schwabe Group | Compass. Based on information submitted to the MRED as of 2022-06-27T14:03:06.993 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
  • On Site: 132 Days
  • Updated: 37 min ago
  • MLS #: 11324549
0
Beds
0
Baths
0
½ Baths
N/A
Acres
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

Frontage Type InterstateState RoadPaved Land Amenities Lighting/Exterior Lot Size 1.0-1.99 Acres 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 Adjusted Net Income 0 Adjusted Net Income Year 2020 Annual Rent For Real Estate 0 Building Area Total 6752 Business Age 11+ Years Business Type Restaurant Corporate Limits Dundee Gross Profit Year 2020 Gross Sales Annual 0 Gross Sales Annual Year 2020 Location Free Standing/Urban Mls Actual Status Active Operating Expense 0 Ownership Types Condo Possible Use CommercialRetail Property Offered For Sale Or Rent Real Estate Included Yes Rental Price 1.48 Sale Price Includes LandBuildingEquipment Seller Needs Other Seller Will Train Tax Annual Amount 21011 Tax Year 2021 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceTaxesInsuranceRepairsRoofScavengerStructureSewerGas Type Bus / Bus W/Real Est Type Of Lease Net Lease Zoning Commr

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Zamudio Realty Group.


© 2022 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 Schwabe Group | Compass. Based on information submitted to the MRED as of 2022-06-27T14:03:06.993 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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