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104-130 Washington Ave
1,080 SF of Retail Space Available in Highwood, IL 60040
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 114 | 1,080 SF | 7 Years | $33.93 CAD/SF/YR $2.83 CAD/SF/MO $365.27 CAD/m²/YR $30.44 CAD/m²/MO $3,054 CAD/MO $36,649 CAD/YR | Full Service |
1st Floor, Ste 114
Turnkey Restaurant Opportunity in Highwood, IL Property Overview: Location: 114 Washington Ave, Highwood, IL 60040 Size: 1,080 sq. ft. Lease Terms: $2,155/month gross; water included; lease valid until February 28, 2026, with a 5-year renewal option Sale Price: $59,000 (asset sale) with a lease assignment. Highlights: Fully Equipped Kitchen: Professional-grade kitchen suitable for high-volume operations, including a walk-in cooler and freezer. Versatile Space: Originally built out in 2023 as an Asian carryout; easily adaptable to various fast-casual concepts (excluding Mexican cuisine due to an existing tenant). Low Overhead: Competitive rent with utilities like water included, enhancing profitability. Strategic Location: Situated in Pool Plaza alongside Tacos El Norte, a mini-mart with a gas station, and T-Mobile Metro. Proximity to Naval Station Great Lakes and ample parking options make it ideal for carryout and delivery services. Demographics & Market Potential: Highwood, located in Lake County, boasts a population of approximately 5,227 residents with a median age of 36.3 years. The median household income is $105,282, indicating a community with disposable income. The area is characterized by a diverse demographic, with 56.4% White (Non-Hispanic), 23.7% Other (Hispanic), and 8.38% White (Hispanic). This diversity presents an opportunity to cater to a wide range of customers. Traffic & Accessibility: The intersection of Sheridan and Washington Avenues experiences significant traffic, enhancing visibility and accessibility for the restaurant. The Illinois Department of Transportation provides detailed traffic information, indicating robust vehicular movement in the area. Nearby Attractions & Opportunities: Naval Station Great Lakes: Located just a short drive away, this naval base is home to thousands of personnel and visitors, presenting a substantial customer base for catering and delivery services. Fort Sheridan Forest Preserve: A scenic destination offering public access to Lake Michigan, attracting both locals and tourists. Local Events: Highwood hosts various events throughout the year, such as the Great Highwood Pumpkin Festival, drawing significant foot traffic to the area. Conclusion: This turnkey restaurant offers a prime opportunity for entrepreneurs seeking a ready-to-operate space in a vibrant community. With its strategic location, fully equipped kitchen, and adaptable layout, it is well-suited for various fast-casual dining concepts. The competitive lease terms and proximity to key establishments further enhance its appeal. Don't miss the chance to establish your culinary vision in Highwood's dynamic market.
- Rate includes utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
- High Ceilings
- Emergency Lighting
- After Hours HVAC Available
- Ventilation - Venting
- Fully Equipped Restaurant!
- Low Rent!
- Turnkey Fast Casual Restaurant!
- Near Major Naval Base w/Thousands of Personnel
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 104-130 Washington Ave , Highwood, IL 60040
| Property Type | Retail | Year Built | 1990 |
| Gross Leasable Area | 17,788 SF | Cross Streets | Sheridan Rd |
| Total Land Area | 0.87 AC |
| Property Type | Retail |
| Gross Leasable Area | 17,788 SF |
| Total Land Area | 0.87 AC |
| Year Built | 1990 |
| Cross Streets | Sheridan Rd |
Features and Amenities
- Restaurant
- Signage
Nearby Major Retailers
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104-130 Washington Ave
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