Waukegan, Illinois, offers a diverse range of restaurants for sale, with 4 listings available. Investing in a restaurant in Waukegan can be a lucrative opportunity, as the city's strategic location and growing population create a high demand for dining options. Restaurants come in various forms, from casual eateries to fine dining establishments, and can cater to different cuisines and clienteles. Waukegan's unique blend of industrial history, cultural diversity, and scenic lakefront location makes it an attractive spot for restaurateurs. The city's infrastructure, including the Waukegan Harbor and Waukegan National Airport, also supports businesses that rely on transportation and logistics. Additionally, Waukegan's proximity to Chicago and its own Metra commuter rail service make it an ideal location for restaurants that cater to commuters and tourists alike. The city's attractions, such as the Genesee Theatre and Waukegan Municipal Beach, also draw visitors who are looking for a dining experience.
Waukegan's restaurant scene is just one aspect of the city's commercial landscape. The city is also home to 4 apartment buildings, 4 shopping centers, 4 specialty properties, and 4 hotels, each offering unique investment opportunities. The city's apartment buildings provide housing options for residents, while shopping centers offer retail spaces for businesses. Specialty properties, such as warehouses and office buildings, cater to specific industries, and hotels provide accommodations for visitors. Waukegan's diverse range of commercial properties makes it an attractive location for investors looking to diversify their portfolios. With its rich history, cultural attractions, and growing population, Waukegan is a city that offers something for everyone, making it an ideal location for businesses to thrive.
What is the average cost per square foot for a restaurant in Waukegan?
The average cost per square foot for a restaurant in Waukegan is $435 USD per square feet, with an average size of 9,630 square feet and a largest size of 28,454 square feet, among the 4 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Waukegan?
When evaluating the value of a restaurant for sale in Waukegan, several key factors come into play, including:
- Location, with proximity to major transportation hubs like the Waukegan station and Amstutz Expressway, as well as access to Lake Michigan and downtown Waukegan, being highly desirable;
- The restaurant's physical characteristics, such as its average size of 9,630 square feet, and condition, including any necessary renovations or upgrades;
- Financial performance, including the average cap rate of 5.84% and sales data, which can impact the overall value of the restaurant.
