An exceptionally rare opportunity to acquire both a fully equipped restaurant operation and its real estate in one of Lake County’s most desirable waterfront recreational markets. Offered as an asset sale, this established independent restaurant occupies a highly visible freestanding building with direct channel frontage, private boat docks, outdoor waterfront dining, a full-service bar and video gaming. All of the infrastructure already in place for a new owner! This incredible opportunity allows an owner to build equity through ownership of the real estate while operating from a location that would be extremely difficult and prohibitively expensive to replicate today. The 2,500 sqft freestanding building sits on 0.29 acres with 100 feet of road frontage, ample customer parking, excellent visibility and direct access to a navigable channel leading to one of Northern Illinois’ most popular recreational lake systems. The property also features 4 private boat docks, creating a destination dining experience for boaters throughout the busy spring, summer and fall seasons while continuing to serve a loyal year-round local customer base. Inside, the restaurant is completely equipped with a fully equipped commercial kitchen featuring a 12ft hood, numerous equipment upgrades, a dining room, full-service bar with 6 taps, video gaming area and an outdoor waterfront deck capable of accommodating additional seasonal seating. The current owners have also invested in updated kitchen equipment, plumbing improvements and a new front entrance. For buyers seeking multiple revenue streams, this opportunity delivers. In addition to food and beverage sales, the establishment operates 6 licensed video gaming terminals, with 2025 gaming income of $72,268 reflecting strong gaming activity at this location, further demonstrating the property’s established customer base. Whether you’re an owner-operator seeking your own building or an investor looking for an irreplaceable waterfront commercial property with tremendous upside, opportunities like this rarely come to market. Prime retail space in a highly desirable waterfront setting within the renowned Chain O’ Lakes recreational region – one of the Midwest’s premier boating and tourism destinations, attracting thousands of residents and visitors throughout the year. The Chain O’ Lakes spans 15 interconnected lakes and is one of the busiest inland recreational waterways in the country, drawing boating enthusiasts, anglers, vacationers, weekend travelers and outdoor recreation lovers from across the greater Chicago metropolitan area. Well positioned along a busy avenue surrounded by an established mix of local restaurants and neighborhood taverns. Just minutes from a movie theater, multiple shopping centers and numerous everyday service businesses, creating continuous consumer activity throughout the day and evening. And strategically located between two of the area’s primary transportation corridors near the Metra station, providing convenient access for both local residents and visitors traveling from Chicago and surrounding suburbs. Asset sale with property – all FF&E included. RET $6,387 Asking $395,000 View Listing>>
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