Former Northwoods Restaurant

Special Purpose for Sale
Catylist Listing ID: 30750806
Building Size (RSF): 11,949 SF
Gross Building Area: See Agent
Sale Price: $2,595,000
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/9/2021

Overview / Comments

11,949 SF building on the main level plus an about a 2,000 SF mezzanine loft. There is a huge wrap around outdoor deck overlooking the pond and wooded acreage totaling 8.48 acres of land and there is also a 5,000 SF wood frame metal sided storage shed. This is a fully equipped restaurant with all FFE and a Type 210 Liquor License included. 450 seating capacity! The building is suitable for a restaurant or conversions to a wedding venue, church, office or tear down with several redevelopment opportunities. This property can be converted into a retail outlot(s) with additional land for townhomes. Drainage, utilities and parking lot are in great shape. 212 parking spaces with pylon signage on U.S. 41. 400’ of frontage on Wicker Avenue (U.S. 41) and over 900’ deep. 2020 INDOT traffic counts on Wicker Avenue 24,810 cars/day. (Home in back of property not included)

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Lake
Tax ID/APN: 45-11-21-301-001.000-036
Area Description: Located on the east side of Wicker Avenue (SR 41) 1 block North of Lake Central High School with over 3,200 students. 1 ½ miles north of 93rd Avenue and 1 1/2 miles south of U.S. Highway 30, 3 1/2 miles north of S.R. 231. 3 ½ miles east of Indiana/Illinois state line. Located in the Town of Schererville with a St. John mailing address. Near CVS, Zig E’s Fun Land, McDonald’s, Teibel’s, Strack and Van Til, White Castle and many more. Sits on the border of St. John.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,945 54,706 143,961
Median Age: 41.59 41.58 40.29
Households: 2,805 20,133 53,652

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