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101 W Main St

4,800 SF Retail Building West Dundee, IL 60118 £938,940 (£196/SF) 7% Net Initial Yield

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.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Taxes £18,779 £3.91
Operating Expenses - -
Total Expenses £18,779 £3.91

Financial Summary (Actual - 2023)

Taxes
Annual £18,779
Annual Per SF £3.91
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual £18,779
Annual Per SF £3.91

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,800 SF
Building Class
C
Year Built/Renovated
1930/2017
Price
£938,940
Price Per SF
£196
Net Initial Yield
7%
NOI
£65,726
Tenancy
Single
Number of Floors
2
Building FAR
1.84
Land Acres
0.06 AC
Zoning
C - Commercial

Amenities

  • Bus Route
  • Corner Lot
  • Restaurant
  • Security System
  • Air Conditioning
  • Balcony

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Bamboozels
  • Accommodation and Food Services
  • 4,800 SF
  • -
  • Negotiable
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Bamboozels Accommodation and Food Services 4,800 SF - Negotiable -
Walk Score ®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

PNC Bank
U.S. Bank
Starbucks
Planet Fitness
Red Lobster
Olive Garden Italian Rstrnt
Huntington National Bank
BMO
Fifth Third Bank
Denny's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-22-483-025
Land Assessment
£18,518
Improvements Assessment
£183,712
Total Assessment
£202,230
Annual Taxes
£18,779 (£3.91/sf)
Tax Year
2023
  • Listing ID: 29744135

  • Date on Market: 09/10/2023

  • Last Updated:

  • Address: 101 W Main St, West Dundee, IL 60118

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