Exceptional Turnkey Restaurant & Bar - Historic Downtown Sycamore, IL!

Sycamore, DeKalb County, Illinois, United States

Asking Price$6,000

Revenue-

EBITDA-

Cash Flow-

Description

Exceptional opportunity to lease a beautifully renovated, fully equipped restaurant & bar in the heart of Historic Downtown Sycamore, DeKalb County! Just $6,000/mth modified gross, w/existing kitchen & bar equipment included in the rent. No business purchase required. Situated along highly visible State St (Route 64), just 1 block from the DeKalb County Courthouse, this freestanding restaurant offers outstanding visibility, extensive improvements, valuable equipment & exceptional concept flexibility. Originally built in 1930, the property underwent a substantial renovation in 2021–2022, including doubling the commercial kitchen's size. 3 Ways To Acquire This Impressive Restaurant & Bar 1. Purchase The Real Estate – $850,000; freestanding building with FF&E in place 2. Purchase The Business Assets – $75,000; acquire the FF&E, build-out, trade name & goodwill, with a new $6,000/mth lease 3. Lease Fully Equipped – $6,000/mth; modified gross lease w/existing restaurant & bar equipment included in the rent; terms negotiable Impressive Build-Out – Save Time & Money The improvements & equipment represent an estimated $250,000–$400,000 comparable replacement cost. Avoid major construction expenses, equipment purchases & lengthy build-out timelines. Restaurant & Bar Key Features • ~3,221 sqft building area (subject to verification) + basement storage • Extensively renovated 2021–2022 w/expanded commercial kitchen • Attractive w/exposed brick, wood floors, contemporary finishes & low/high-top/bar seating • Impressive full-service bar w/liquor display & TVs • 24 rotating draft beer taps w/Micro Matic system • 2 walk-in coolers – beer & produce walk-in • 3 pizza ovens – 1 wood-fired + 2 Pizza Group D32E electric deck ovens • Commercial hood • Mixer, dough roller, fryers, heated holding cabinet & more • Multiple reach-in refrigerators, bar coolers & prep equipment • Valuable basement storage & existing restaurant infrastructure Bring Your Restaurant Concept Here Ideal for a pizzeria, Italian restaurant, sports bar, neighborhood bar & grill, craft beer taproom, gastropub, whiskey/wine bar, franchise conversion or entirely new concept. The versatile kitchen, bar & dining area provide an excellent foundation for an established operator expanding into Sycamore or an entrepreneur launching a new restaurant. Premier Historic Downtown Location Prime location in Sycamore's charming, walkable downtown business district, surrounded by restaurants, boutiques, entertainment, offices & civic destinations. • Prominent State St (Route 64) frontage ~6,650 VPD • Just 1 block from the historic DeKalb County Courthouse • Near Sycamore State Theatre, Public Library & more • Close to schools, Ideal Industries headquarters & established residential neighborhoods • ~6 miles from NIU • Free street & nearby public parking • Popular downtown festivals attract thousands of visitors • Historic downtown destination w/year-round shopping, dining & entertainment Strong Demographics & Established Market • 1 Mile: 7,937 residents • 3 Miles: 21,230 residents • 5 Miles: 37,704 residents • Daytime employment: ~4,771 within 1 mile; 14,293 within 3 miles • Sycamore MHI: ~$84,120 • Owner-occupied housing: ~71.6% • Reported retail vacancy: just 3.5% Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. If interested, please email Brian O'Kelly at [email protected] or call 847-579-9641 for more information. Showings by appointment only outside of business hours.

Real Estate

Rent is $6,000 per month

Building Size: 3221 sq. ft.

Furniture Fixtures & Equipment

$75k

Year Established

2022

Reason Selling

Has other business interests and cannot devote the time/attention it deserves.

Facilities & Assets

Lease Information: $6,000/month modified gross, with increases in real estate taxes and insurance over the base year payable by the tenant. Lease term, options and security deposit negotiable. Property Information: ~3,221 sqft single-story historic freestanding building plus basement for storage. Originally constructed in 1930 and extensively renovated in 2021–2022, including a substantially expanded commercial kitchen. On 4,045 sqft lot or 0.09 acres. Building Class C Commercial. Zoning C-2 Central Business. PIN 06-32-255-051. 2024 real estate taxes $5,983. Square Feet: 3,221 + Basement For Storage Seating: Ample. Days/Hrs of Operation: (Space For Lease).

Support & Training

(Space For Lease).

Market & Competition

A rare opportunity to save time, money and start-up costs. Whether you're an aspiring owner/operator, experienced restaurateur, expanding restaurant group or real estate investor, this opportunity offers a compelling combination of a desirable downtown location, major recent renovations, valuable equipment and multiple acquisition options. Why spend hundreds of thousands of dollars and months building a restaurant from scratch when the expensive work has already been completed. Take advantage of this exceptional opportunity to lease a fully equipped restaurant and bar in one of DeKalb County's most charming historic downtown districts!

Growth Opportunities

Excellent Business Opportunities • Capture weekday lunch, dinner & weekend customers • Develop catering/private parties/corp events • Offer online ordering, delivery & takeout • Capitalize on downtown festivals/community events • Leverage the 24-tap draft system w/craft beer, cocktails & tasting events • Explore video gaming as an additional revenue opportunity • Launch your own concept without a costly ground-up restaurant build-out

Financing Options

No.

Business listed by

Eatz & Associates

Related Categories

bar for Sale

•pizza shop for Sale

•Business for Sale in Illinois