Northwest Suburb – 4868 IL Rte. 83, Long Grove, IL

Property/Business Description: High occupancy restaurant, bar and event space situated on a large lot and prominent high-traffic corner available for sale or lease. 
A high‑capacity, multi‑level restaurant, bar, and event venue positioned on a prominent hard‑corner intersection in Long Grove. Meticulously owner‑developed and expanded over time, the property spans a generous four‑acre site, offering exceptional functionality and future flexibility. Ample on‑site parking supports large guest volumes, while the expansive lot provides room for additional uses—previous concepts proposed have included a drive‑in outdoor movie experience and other special event programming. Dual curb cuts on two separate routes enhance accessibility and traffic flow.

This turnkey asset features three fully equipped kitchens with multiple hoods, a hearth, and dumbwaiter access. The interior layout includes four distinct guest areas: a spacious island bar with potential for gaming machines, a ground‑floor dining room, a dramatic mezzanine overlooking the bar and main dining area, and a dedicated party room ideal for private events or overflow. All levels are elevator‑served for seamless circulation. Back‑of‑house operations are supported by extensive storage, multiple walk‑ins, and a large secured liquor room—an ideal setup for high‑volume operators seeking a well‑designed, ready‑to‑go facility.

Location: Long Grove
Surrounded by the charm of a small town, nestled within the cobblestone-lined streets, adventures are waiting to be explored. Memories are made from new experiences, moments had with loved ones, and stories that are shared among friends over a drink and a great meal. Long Grove, IL is a town designed to make memories. From the unique boutique shops along the streets, the dining and nightlife events that occur on a weekly basis, to the spectacular festivals – every day something special is happening in Long Grove, IL.

– longgrove.com

Purchase Price Negotiable Property Taxes $57,729.90 (2024), $3.61/SF
Lease Rate Negotiable Op/Ex $16,853.00, $1.05/SF
Size (Approx.) 16,000 SF (Bldg.), 4 ac (Lot) Licenses Must Apply (Gaming approved.)

Downloads
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Marketing Material Floor Plan – Ground Level

Pictures

360° Virtual Tours

Interior – Ground Level Bar

Interior – Ground Level Dining 

Interior – Ground Level Kitchen

Interior – Upper Level Mezzanine Dining and Kitchen

Interior – Lower Level Event Space Dining

Interior – Lower Level Kitchen

Exterior – Street View

Contact

Monica Palermo
Broker
312-575-0480 Ext. 115
monicapalermo@kudangroup.com
Monica is the Designated Agent of this listing.
Juan Carlos Gomez
Principal
312-575-0480 Ext. 111
juancarlos@kudangroup.com

 

Inquire

Northwest Suburbs – 4868 IL Rte. 83, Long Grove, IL

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Free Standing Single-Tenant Restaurant and Brewery for Sale. https://kudangroup.com/breweries-and-distilleries/western-suburb-elmhurst-169-171-n-addison-st/

This opportunity along with industry news was featured on our most recent volume of the KG Weekender.  For a quarter century, Kudan Group has provided real estate and business brokerage opportunities to thousands of restauranteurs and other hospitality operators, as well as represented commercial property owners. 

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Free Standing Single-Tenant Restaurant and Brewery for Sale. kudangroup.com/breweries-and-distilleries/western-suburb-elmhurst-169-171-n-addison-st/

This opportunity along with industry news was featured on our most recent volume of the KG Weekender. For a quarter century, Kudan Group has provided real estate and business brokerage opportunities to thousands of restauranteurs and other hospitality operators, as well as represented commercial property owners.

View full weekender email here: conta.cc/4dSiBaV Join our growing community to be in the know.
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2 years ago