Third Lake, IL 60030

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Presented By: Coldwell Banker Commercial NRT
  • MLS# 12112270
  • 08/19/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.

Home Details

What truly sets this location apart is its untapped potential for scalability. Currently operating as a dynamic gaming lounge/bar and grill, this establishment boasts four gaming machines with the capacity to expand by an additional two, offering a unique opportunity for growth. With a liquor license valid until 2 am, indoor and outdoor dining spaces, and ample free parking, the location promises both convenience and indulgence to its patrons. Moreover, the potential for catering partnerships in the local golf course communities remains largely untapped, presenting an exciting avenue for expansion. The current licensing for gaming, food, and liquor, valid until the wee hours, ensures a seamless transition for the new owner, whether they choose to innovate on the existing concept or embark on a new culinary adventure, bar, or niche venue. With an impressive track record of $287,618.59 in wagers from April 2023 to April 2024, and with scalable potential , this business stands poised to dominate the market, offering investors a lucrative opportunity to capitalize on a thriving business in a rapidly growing community
Presented By: Coldwell Banker Commercial NRT

General for

Business NameKATHY'S KITCHEN
Business TypeBar/Tavern/Lounge, Food & Beverage, Restaurant, Retail
CityThird Lake
CoolingCentral Air
CountyLake
Days on Market23
DirectionsFrom I94 West Take exit 11B to merge onto IL-120 W/Belvidere Rd, Turn right onto S Hunt Club Rd Turn left onto Cty A24/W Gages Lake Rd Turn right onto US-45 N Slight left Destination will be on t
Lease TypeNet
MLS AreaGages Lake / Grayslake / Hainesville / Third Lake / Wildwood
Operating Expense99999
Ownership TypeIndividual
PossessionNegotiable
Possible UseRetail
Property TypeBusiness Opportunity
Property TypeBus / Bus w/Real Est
Standard StatusActive
StatusActive
Stories1
Tax Annual Amount9999
Tax Year2023
Tenant PaysAir Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Sewer
Total Actual Rent2229
Waterfront Y/NNo
ZoningRTAIL

Exterior for

Frontage TypeUS Highway

Additional Details

Price History

Worth Clark

Price $0
MLS#12112270
List Date 08/19/2024
Property Type Business Op
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