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106 E Lincoln Hwy
Dekalb, IL 60115

$7,000 USD/MO

Restaurant For Lease  •  6,000 SF

Property Details

  • Property Type Restaurant
  • Year Built 2019
  • Total Building Size 6,000 SF
  • Tenancy Single
  • Zoning Commercial
41 Transit Score
86 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste 106 Retail 6,000 SF $14.00 USD/SF/YR
Fully Equipped Restaurant Opportunity in Prime Downtown DeKalb Location
This sublease presents a rare chance to take over a fully-equipped, high-end restaurant space with an incredible build-out and instant equity benefit. Situated in downtown DeKalb at the bustling intersection of Route 38 & 1st Street, this restaurant location is primed for success, featuring a contemporary and stylish interior, outdoor seating, and a prominent position within a new mixed-use development.

Current tenants are offering an unbelievable opportunity for a sublease of this gorgeous and modern prime restaurant at a reduced rent amount of $7,000.  There are two years left in the lease which saves a new operator at least $50,000 in rent over 2 years.  All perspective sublease tenants must be approved by the Landlord.

Key Property Highlights:
Address: 106 E Lincoln Hwy, DeKalb, IL 60115
Square Footage: 4,500 Sq. Ft. Finished Space + 1,500 Sq. Ft. Adjacent Space + Outdoor Patio with room for 75 patrons
Lease Details:
Sublease with A+ Tenant (Brewery)
Monthly Rent: $7,000/month gross Rent including the purchase of equipment and additional 1500sf space)
Lease Expiration: September 2026 with Three 5-Year Renewal Options
Security Deposit & Rent Payment: $22,000
Tenants have already paid half of the $120,000 equipment price, giving instant equity to new occupants
At the end of the lease term, equipment ownership transfers to the tenant, making this a cost-effective transition into a high-end operation.
Build-Out & Equipment:
Investment: Over $400,000 spent on the build-out with top-of-the-line materials and equipment.
High-End Features:
A 20ft kitchen exhaust hood
6-burner stove with oven
Convection oven
Flat-top grills, fryers, 2-door pizza oven
Walk-in coolers, ice machines, glass chillers
6-station POS system
Full-service bar with 12-tap draft system, beer coolers, and wine chillers
Beautiful tile and brickwork throughout the dining area and bar
Indoor seating for 120 and an outdoor patio with seating for 75.
State-of-the-art sound system with 14 speakers and 4 large flatscreen TVs.
This is a turnkey opportunity, ideal for a new restaurant concept such as a high-end steakhouse, Italian restaurant, or modern American tavern.

Location & Demographics:
Prime Retail Location: Situated on the first floor of a recently developed mixed-use building with 51 executive suites above, creating an immediate customer base.
Co-Tenants: Barb City Bagels and Nail Bar Spa
Surrounding Area: In the heart of downtown DeKalb, a high-traffic area frequented by both locals and visitors. The area hosts various events and festivals, driving additional foot traffic. The restaurant is also near Northern Illinois University, with over 25,000 students, offering a constant flow of potential customers.
Nearby Development: DeKalb will soon be home to a Facebook Data Center, one of only 12 in the U.S., expected to boost the local economy and bring new business to the area.
Why This Opportunity Stands Out:
Sublease from a reputable tenant with equipment financing nearly halfway paid off
Instant equity for new tenants
Upscale atmosphere and professional kitchen setup ready for any high-end restaurant concept
Positioned in a revitalized downtown area with plenty of free parking and ample local amenities
Benefits from proximity to a large university and future corporate developments like the Facebook Data Center.
This restaurant space is an incredible opportunity for any restaurateur looking to break into the DeKalb market with minimal upfront capital and immediate operational capability. The turnkey nature of the property, along with its high-profile location and premium build-out, offers an unparalleled chance for success.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Full Service Gross
  • Built out as: Restaurants And Cafes
  • Space Type: Sublet

Description

Fully-Equipped Restaurant & Bar DeKalb, IL - Cornerstone Building!

Outstanding opportunity to lease an incredible upscale modern build-out.  Over $400,000 spent on the build-out using the finest quality equipment and building materials.  Fully equipped!.

Gorgeous interior with beautiful tile/brick work, stunning light fixtures and stylish seating both inside and out.  Boasts a wonderful upscale atmosphere.

Features a full bar with a 12-tap draft system, beer coolers, wine coolers, glass chillers, ice bins, dishwashers and more.  Plus, 4 large flatscreen tvs and a 14-speaker surround system.  And ample seating both inside and out!

Also, a large professional kitchen with a 20ft exhaust hood, 6-burner stove w/oven, convection oven, flat top grills, fryers, 2-door pizza oven, walk-in coolers, 6-station POS system and much more.

Landlord is looking for a seasoned operator with relevant restaurant experience to take over the existing space.  Liquor license available.  Bring your concept here!

Asking $22,000 to cover the security deposit and 1st month’s rent.

Location:  Prime retail space in the Cornerstone Building, a new mixed-use building in the heart of DeKalb’s bustling downtown business district, the destination of choice for shopping and dining.  This amazing revitalized downtown area also boasts free parking and lots of events and festivals throughout the year.

Perfectly situated on the first floor of this amazing new retail and residential mixed-use building with 51 executive suite apartments above.  Also, surrounded by Northern Illinois University, a major university with over 25,000 students!

In addition, DeKalb will soon be home to a massive Facebook data center.  One of only 12 campuses in the country and 16 in the world.  Local government and business officials expect it to greatly benefit the local economy!

Year Established:  2019  (Current Owner 2022). 

Lease Information:  Leased space $11,050/mth gross.  Current lease expires Sep 2026 with three 5-year options.

Square Feet:  6,000   (4,500 Sqft Finished Space + 1,500 Sqft Adjacent Space + Patio) 

Seating:  120 Inside + 75 Outside

Days/Hrs of Operation:  Currently closed.

Gross Sales:  (Space For Lease). 

Net Operating Income:  (Space For Lease). 

Value of FF&E:  Included In Lease Payments.

Value of Inventory:  Not Included In Asking Price.

Seller Financing Available:  No.

Reasons for Selling:  Available. 

Competition/Market:  Ideal location.  The new staple in the area.  The go-to spot!

Growth & Expansion:  A+ suburban downtown location.  High traffic counts.  Plus, lots of foot traffic.  And a growing area with the new Facebook Data Center being built!

Feel free to stop by the location first.  This is a highly confidential listing. If interested, contact EatZ for more information.  Showings by appointment only.

Listed by Ted Aretos at EatZ & Associates /EatZ Real Estate Group LLC

Highlights

Incredible Upscale Build-Out - Spent Over $400,000
Features A Full Bar with A 12-Tap Draft System, Beer Coolers, Wine Coolers, Glass Chillers, Ice Bins, Dishwashers & More - Liquor License Available
Also Large Professional Kitchen With 20ft Hood, 6-Burner Stove w/Oven, Convection Oven, Flat Top Grills, Fryers, 2-Door Pizza Oven & Much More
In The Cornerstone Building - A New Mixed-Use Building In The Heart Of DeKalb’s Bustling Downtown Business District
Landlord Looking For A Seasoned Operator With Relevant Restaurant Experience To Take Over The Existing Space
Bring Your Concept Here! - Asking $22,000 To Cover The Security Deposit & 1st Month’s Rent

Property Flyers

Amenities

  • 24 Hour Access
  • Conferencing Facility
  • Corner Lot
  • Courtyard
  • Property Manager on Site
  • Restaurant
  • Security System
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Chicago/Rockford International 53 min - 36.1 mi
Ted Aretos 815-761-8334 Eatz & Associates
Ted Aretos 815-761-8334 Eatz & Associates