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Restaurant & Bar w/Property DeKalb, IL - On Greek Row Near Stadium!

Dekalb, IL (DeKalb County)

Restaurant & Bar w/Property DeKalb, IL - On Greek Row Near Stadium!
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Asking Price: $1,299,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 2012

Restaurant & Bar w/Property DeKalb, IL - On Greek Row Near Stadium!

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Business Description

Full-service restaurant and bar in a spectacular freestanding building with parking for 75 cars and ample street parking.

Huge professional kitchen. Spacious interior with open floor plan and high ceilings. Ample seating. Large centrally located full-service bar. Big patio with its own bar and fireplace. Banquet room also with its own bar downstairs.

Also has a 2,000 sqft 4 bedroom/2 bath apartment that is currently rented out for $1,000/mth.

Asset sale - no financials. Keep the current concept or make it your own!

Location: Prime retail space on Greek Row on the NIU Campus with over 20,000 students. Surrounded by dorms, apartment complexes and fraternities. Just minutes from Huskie Stadium, a 24,000-seat stadium home to Northern Illinois' NCAA football games, soccer, cross county and numerous other events. Plus, close to the NIU Convention Center.

Also perfectly situated in a dense residential area of almost 44,000 residents within a 3-mile radius. Just a short distance from the I-88 with over 28,000 vehicles per day. Located in a booming hospitality market with 3 major hotels within a short distance. The growing area features many golf courses, nature trails along the "Kishwaukee River," as well as an historical center, museum and gallery.

Feel free to stop by the location as a customer first. This is a highly confidentially listing, please do not talk to any of the employees or patrons.

If interested, contact EatZ for more information. Showings by appointment only.

Listed By Ted Aretos at EatZ & Associates / Z Real Estate Group / American Realty Network Inc

Detailed Information

Location:
DeKalb, IL
Real Estate:
Owned
Included in asking price
Building SF:
13,650
Employees:
20
Facilities:
1 acre with 250 sqft of street frontage. Excellent development opportunity in commercially under-served area with potential city incentive. Current zoning is commercial however a mixed-use development would be allowed within a special use permit. The property is surrounded by multi-family and student housing, so it is "prime" for a mixed use development. This is a unique opportunity to acquire a large parcel surrounded by NIU campus and Greek Row! Square Feet: 13,650. Seating: 200 Inside + 75 Patio + 150 Banquet Room. Days/Hrs of Operation: Daily 11a-9p. Value of FF&E: Included in Asking Price.
Competition:
In DeKalb’s “Opportunity Zone”. Ideal location on the NIU campus. Highly visible location. Night life hot spot. Perfect place to host a party, gathering or special event.
Growth & Expansion:
Local gem. Has been a highly successful Italian restaurant for over 7 years. Excellent opportunity for a new owner to convert to a sports bar!
Financing:
No
Support & Training:
Two weeks on-site comprehensive training.
Reason for Selling:
Other interests.
Business Website:
http://fanaticodekalb.com
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(from currently available funds)
 
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Ted Aretos

Business Listed By:
Ted Aretos

EatZ & Associates

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Sponsoring Broker:
Tom Traina

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