Restaurant - Downtown Evanston, IL
5,073 - 5,300 SF of Retail Space Available in Evanston, IL 60201
For Lease
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Retail, Restaurant
Listing Contacts
Tom Traina
Verified Profile
- Property Info
Property Overview
Impressive Newly Built-Out Restaurant Downtown Evanston, IL - Space For Lease!
Incredible opportunity to lease out an impressive full-service restaurant with 2 full bars and 3 separate dining areas.
Over $600,000 spent on the build-out! Its beautiful interior features high ceilings, exposed ductwork, gorgeous wooden beams, trusses, woodwork & floors, vintage brick, magnificent tilework, striking murals, bold artwork, sophisticated seating, exquisite lighting and so much more.
Fully equipped - turnkey. All furniture, fixtures and equipment (FF&E) included. Currently operating as a highly-rated contemporary Mexican restaurant. Name and recipes not included in the sale. Bring your concept here to this stunning space!
Asking $25,000 key money for build-out.
Location: Prime retail space on Benson Ave in the heart of downtown Evanston, a vibrant area known for its amazing mix of shopping, dining and entertainment. It serves as the central business district of Evanston and is conveniently located adjacent to Northwestern University and close to the lakefront. This bustling area also hosts numerous events throughout the year, including farmers' markets, street festivals and holiday celebrations making it an attractive destination for both locals and visitors alike!
Perfectly situated in the Benson & Clark Shopping Center. Adjacent Bat 17, Evanston Athletic Club, Eva Nails, F45 Training, Le Peep, Papa John’s Pizza and more.
And across AMC Evanston 12 movie theater, Blick Art Materials, Chili’s Grill & Bar, Devil Dawgs, Dogtopia, Evanston Audiology, Evanston Games & Café, Salon Lofts, Sky Zone Trampoline Park, World Market and more.
Plus, walking distance from the Davis Street/Evanston Metra Station. And just blocks from Centennial Park and Clark Street Beach!
Year Established: Feb 2023.
Lease Information: Leased space $14,100/mth gross. Current lease expires Oct 2027 with one 10-year option.
Square Feet: 5,073.
Seating: 140.
Days/Hrs of Operation: We-Sa 5p-10p (Currently Closed Sunday-Tuesday).
Owners Role: Owner operated - with full-time manager (family member) in place.
Employees: 24.
Gross Sales: (Space For Lease).
Net Operating Income: (Space For Lease).
Value of FF&E: Included In Asking Price (Valued at $200,000).
Value of Inventory: $15,000 (Not Included In Asking Price).
Seller Financing Available: No.
Reasons for Selling: Too much space for the current concept.
Competition/Market: State-of-the-art buildout. Professionally designed. A captivating visual feast. A visually stunning atmosphere with an inviting ambiance. Ideal for any type of restaurant concept!
Growth & Expansion: Location, Location, Location!!!
Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, contact EatZ for more information. Showings by appointment only outside of business hours.
Listed by Tom Traina at EatZ & Associates /EatZ Real Estate Group LLC
Incredible opportunity to lease out an impressive full-service restaurant with 2 full bars and 3 separate dining areas.
Over $600,000 spent on the build-out! Its beautiful interior features high ceilings, exposed ductwork, gorgeous wooden beams, trusses, woodwork & floors, vintage brick, magnificent tilework, striking murals, bold artwork, sophisticated seating, exquisite lighting and so much more.
Fully equipped - turnkey. All furniture, fixtures and equipment (FF&E) included. Currently operating as a highly-rated contemporary Mexican restaurant. Name and recipes not included in the sale. Bring your concept here to this stunning space!
Asking $25,000 key money for build-out.
Location: Prime retail space on Benson Ave in the heart of downtown Evanston, a vibrant area known for its amazing mix of shopping, dining and entertainment. It serves as the central business district of Evanston and is conveniently located adjacent to Northwestern University and close to the lakefront. This bustling area also hosts numerous events throughout the year, including farmers' markets, street festivals and holiday celebrations making it an attractive destination for both locals and visitors alike!
Perfectly situated in the Benson & Clark Shopping Center. Adjacent Bat 17, Evanston Athletic Club, Eva Nails, F45 Training, Le Peep, Papa John’s Pizza and more.
And across AMC Evanston 12 movie theater, Blick Art Materials, Chili’s Grill & Bar, Devil Dawgs, Dogtopia, Evanston Audiology, Evanston Games & Café, Salon Lofts, Sky Zone Trampoline Park, World Market and more.
Plus, walking distance from the Davis Street/Evanston Metra Station. And just blocks from Centennial Park and Clark Street Beach!
Year Established: Feb 2023.
Lease Information: Leased space $14,100/mth gross. Current lease expires Oct 2027 with one 10-year option.
Square Feet: 5,073.
Seating: 140.
Days/Hrs of Operation: We-Sa 5p-10p (Currently Closed Sunday-Tuesday).
Owners Role: Owner operated - with full-time manager (family member) in place.
Employees: 24.
Gross Sales: (Space For Lease).
Net Operating Income: (Space For Lease).
Value of FF&E: Included In Asking Price (Valued at $200,000).
Value of Inventory: $15,000 (Not Included In Asking Price).
Seller Financing Available: No.
Reasons for Selling: Too much space for the current concept.
Competition/Market: State-of-the-art buildout. Professionally designed. A captivating visual feast. A visually stunning atmosphere with an inviting ambiance. Ideal for any type of restaurant concept!
Growth & Expansion: Location, Location, Location!!!
Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, contact EatZ for more information. Showings by appointment only outside of business hours.
Listed by Tom Traina at EatZ & Associates /EatZ Real Estate Group LLC
Property Details
- Year Built
- 1987
Highlights
- $25,000 Key Money For Build-Out
- Over $600,000 Spent On The Build-Out!!!!!!
- State-Of-The-Art Build-Out - Professionally Designed - Impressive Full-Service Restaurant With 2 Full Bars & 3 Separate Dining Areas
- In The Heart Of Downtown Evanston - A Vibrant Area Known For Its Amazing Mix Of Shopping, Dining & Entertainment
- Adjacent Northwestern University - Walking Distance From The Davis St/Evanston Metra Station + Just Blocks From Centennial Park & Clark Street Beach
- Bring Your Concept Here To This Stunning Space - Ideal For Any Type Of Restaurant Concept
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