104-130 Washington Ave
Highwood, IL 60040

Turnkey Restaurant Opportunity in Highwood, IL

Property Overview:

Location: 

114 Washington Ave, Highwood, IL 60040
Size: 1,080 sq. ft.
Lease Terms: $2,155/month gross; water included; lease valid until February 28, 2026, with a 5-year renewal option
Sale Price: $59,000 (asset sale) with a lease assignment.

Highlights:

Fully Equipped Kitchen: Professional-grade kitchen suitable for high-volume operations, including a walk-in cooler and freezer.
Versatile Space: Originally built out in 2023 as an Asian carryout; easily adaptable to various fast-casual concepts (excluding Mexican cuisine due to an existing tenant).

Low Overhead: 

Competitive rent with utilities like water included, enhancing profitability.
Strategic Location: Situated in Pool Plaza alongside Tacos El Norte, a mini-mart with a gas station, and T-Mobile Metro. Proximity to Naval Station Great Lakes and ample parking options make it ideal for carryout and delivery services.

Demographics & Market Potential: 

Highwood, located in Lake County, boasts a population of approximately 5,227 residents with a median age of 36.3 years. The median household income is $105,282, indicating a community with disposable income. The area is characterized by a diverse demographic, with 56.4% White (Non-Hispanic), 23.7% Other (Hispanic), and 8.38% White (Hispanic). This diversity presents an opportunity to cater to a wide range of customers.

Traffic & Accessibility: 

The intersection of Sheridan and Washington Avenues experiences significant traffic, enhancing visibility and accessibility for the restaurant. The Illinois Department of Transportation provides detailed traffic information, indicating robust vehicular movement in the area.

Nearby Attractions & Opportunities:

Naval Station Great Lakes: 

Located just a short drive away, this naval base is home to thousands of personnel and visitors, presenting a substantial customer base for catering and delivery services. 

Fort Sheridan Forest Preserve: 

A scenic destination offering public access to Lake Michigan, attracting both locals and tourists. 

Local Events: 

Highwood hosts various events throughout the year, such as the Great Highwood Pumpkin Festival, drawing significant foot traffic to the area.
Conclusion: This turnkey restaurant offers a prime opportunity for entrepreneurs seeking a ready-to-operate space in a vibrant community. With its strategic location, fully equipped kitchen, and adaptable layout, it is well-suited for various fast-casual dining concepts. The competitive lease terms and proximity to key establishments further enhance its appeal. Don't miss the chance to establish your culinary vision in Highwood's dynamic market.

• Date available: Now
• Lease term: 7 Years
• Service type: Full Service Gross
• Built out as: Restaurants And Cafes
• Space Type: Relet