Single Tenant Net Leased Restaurant

1055 N Lake St Aurora, IL 60506

1055 N Lake St, Aurora, IL, 60506
1055 N Lake St, Aurora, IL, 60506
FOR SALE
Property Type:
Restaurant
Amount:
$870,000
Last Verified:
Apr 08, 2021

Highlights

  • Single Tenant Net Leased Iconic Restaurant
  • Tenant In Place for More Than 20 Years. 3 Years Remaining.
  • Strong Visibility on IL Route 31
  • Excellent Area Retail Co-Tenancy
  • Dense Population in Illinois' 2nd Largest City
  • Generous Parking for more than 120 Cars on 1.72 Acre Lot

Description

The subject property is a freestanding 4,656 SF restaurant building on 1.72 acres leased to Nikarry's Restaurant. Nikarry's is a staple of the community and has occupied the present location for more than twenty years providing an investor with a stable return and strong future outlook. Existing lease extends through 3/31/2023. 2019 Taxes: $9,777.

Property can be combined with adjacent 4.91 Acre wooded parcel currently zoned M1.

The property is located on Lake St (Route 31) just south of Indian Trail Rd in a vibrant commercial district in Aurora, Illinois' second largest city. The property is adjacent to McDonalds, and close to Northgate Shopping Center, Cermak Produce, Carson Pirie Scott, TJ Maxx, Ross, Long John Silvers, Taco Bell, White Castle, Walgreens and many other regional and national retailers.


Year Built: 1963
Building Size: 4656sq ft
Lot Size: 1.72 acres

Map of 1055 N Lake St, Aurora, IL, 60506

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