North Shore Suburb – 711 Howard St., Evanston, IL

Property/Business Description: Newer construction two story restaurant and bar with rooftop for sale. 
Unique opportunity for an owner/operator or property investor. This redeveloped property has a recently executed sub-tenant operating out of a historically profitable restaurant, bar and entertainment venue. Purchaser has the option to continue the lease agreement with significant flat annual increases or terminate and recapture the space to operate their concept. The two-story features an overhead garage door that opens out to private dining and a rooftop with bar. Situated on the Evanston side of Howard St., bordering Chicago, which allows for a host of operations without Chicago licensing burdens.

Key Features:

Turn-Key: Re-concept and operate in a short time frame, as this is a fully equipped space.
Exposure: The newer construction two story property stands out.
Outdoor Space: In addition to the indoor, the space opens out to a sizable private patio as well as a rooftop.

Location: Evanston
Evanston, Illinois, is a vibrant city on the shores of Lake Michigan, just a short distance from Chicago. With a vision to be the most livable city in America, Evanston is known for its diverse community, Northwestern University campus, unique downtown area, and thriving business districts. Visitors and residents alike can enjoy a variety of cultural attractions, delicious culinary options, and engaging local events.

—cityofevanston.org

Purchase Price $1,575,000 (Bus./Real Estate) CAP 8.96% 
Size (Approx.) 4,457 SF (Bldg.), 4,986 SF (2-Lots), 4,457 SF (Bus.)  Licenses/ Permits Retail Food and Liquor
Property Taxes $41,816.29 (2023) Zone B-3

Downloads
Select to download document.

Marketing Material  Floor Plan – Ground Floor Floor Plan – Rooftop  NDA

Pictures 

360° Virtual Tours

Interior – Unavailable Rooftop – Unavailable
Street Tour

Contact

Monica Palermo
Broker
312-575-0480 Ext. 115
monicapalermo@kudangroup.com

 

Juan Carlos Gomez
Principal
312-575-0480 Ext. 111
juancarlos@kudangroup.com

Inquire

North Shore Suburb – 711 Howard St., Evanston, IL

Join our group page, Hospitality Resource Hub.

Hospitality Resource Hub provides a collaborative platform for hospitality business owners and professionals to share information and resources. The community enables creative problem-solving through collective dialogue and discussion. Post topics include national and local: financial assistance programs, industry legislation, licensing guidance, events, industry advances and achievements, municipal and state announcements, compliance reminders, and much more.  You are free to share information, join in the discussion or simply peer the latest trending industry new.  

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons
Cover for Kudan Group, Inc.
Kudan Group, Inc.

Kudan Group, Inc.

488 Likes

www.kudangroup.com

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. 

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

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.
... See MoreSee Less

2 years ago