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215 W Lincoln Hwy
Dekalb, IL 60115 Downtown DeKalb

$4,400 USD/MO

Restaurant For Lease  •  2,119 SF

Property Details

  • Property Type Restaurant
  • Year Built 1989
  • Total Building Size 2,119 SF
  • Tenancy Single
  • Building Class C
50 Transit Score
60 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Retail 2,119 SF $24.92 USD/SF/YR
EatZ Real Estate Group LLC presents a rare opportunity to lease a freestanding, single-tenant restaurant building in the heart of DeKalb, Illinois - a Northern Illinois University college town on the region's primary east/west commercial corridor.?

The approximately 2,119 SF building comes with an existing restaurant build-out and some equipment already in place - allowing an incoming operator to skip the time, risk, and six-figure cost of ground-up construction.? Vacant and available for immediate lease-up.?

Small, freestanding restaurant buildings in the DeKalb / NIU submarket are in tight supply.? Most available restaurant space in a college town is found in shared strip centers or multi-tenant plazas - where operators face co-tenancy restrictions, shared parking, limited signage, and landlord-controlled hours.?

215 W.? Lincoln Hwy is different: a stand-alone building on its own parcel, giving a tenant full control of its storefront, branding, and street presence directly on IL Route 38.? The existing build-out dramatically compresses the timeline and capital required to open, turning a six-to-twelve-month build into a fit-out and re-concept.?A built-in, year-round base of ~16,000 NIU students plus faculty keeps restaurant and late-night quick-service demand steady, with a median age around 26, Direct frontage and signage on W. Lincoln Highway (IL Route 38), DeKalb's main east/west route - no shared-center restrictions on branding or hours, Small stand-alone restaurant buildings are in tight supply in this submarket; most competing space is multi-tenant with co-tenancy and parking constraints, ~2,119 SF turnkey space with build-out and some equipment included - avoid the time and six-figure cost of ground-up construction, Affordable Modified-Gross Rent - $4,400/Mo - Landlord covers base-year taxes & insurance; tenant pays only increases plus utilities - a low, predictable fixed cost, NIU College-Town Location - On W. Lincoln Hwy (IL Route 38), minutes from NIU (~16,000 enrollment). Median age ~26 supports steady year-round demand, Freestanding, Single-Tenant Building - High visibility and signage on Lincoln Hwy with no shared-center restrictions. Small freestanding restaurant space is in tight supply in this submarket, Vacant & Available Now - Bring Your Concept - Empty and ready for immediate lease-up. Lease terms (length and options are negotiable directly with the owner)

Listed by EatZ Real Estate Group LLC

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Modified Gross
  • Built out as: Restaurants And Cafes
  • Space Type: Relet

Description

Fully-Equipped Fast-Food Restaurant Space For Lease DeKalb, IL - Near NIU!

Bring Your Concept Here - No Restrictions - Can Also Add A Drive-Thru

Simple operation - counter service.  Dine-in, plus HUGE carry-out and delivery opportunity.  Also, many deliveries to campus, businesses, offices and manufactures in the area!

Modern buildout.  Landlord owns all the equipment.

Well established restaurant for over 42 years. Bring your concept here!  No restrictions.  Can also add a drive-thru.

Location:  Prime corner retail space in a freestanding building in the heart of the downtown of DeKalb.  On Lincoln Hwy (Route 38) a major thoroughfare with high traffic volumes and its main retail corridor with many other restaurants and retailers.  Also close to homes, businesses and hotels, as well as campus with dorms, student apartments and athletic facilities including a 10,000-seat Convocation Center and a 24,000-seat stadium.

Surrounded by a dense residential area of about 44,000 residents within a 3-mile radius and Northern Illinois University (NIU), a major Midwestern research University with enrollment of over 25,000 graduate/undergraduate students and 3,000 faculty/support staff.  The total population of DeKalb County is 104,000!

Plus, Ferrara Candy Factory opened adding 500 new jobs to the area and a massive Facebook Data Center nearby.  The center is one of only 12 campuses in the country and 16 in the world.  Local government and business officials expect both to greatly benefit the local economy!

Year Established:  1980

Lease Information:  Space for lease for $4,400/mth modified gross.  Flexible landlord offering a new 5-year lease with options.

Square Feet: +- 2,000

Seating:  60

Days/Hrs of Operation:  Currently Closed

Gross Sales:  (Space For Lease)

Net Operating Income:  (Space For Lease)

Value of FF&E:  Not Included In Asking Price  (Landlord Owns)

Value of Inventory:  Not Included In Asking Price

Seller Financing Available:  No

Reasons for Selling:  Space available.

Competition/Market:  Great rent.  Efficiently set up for large volumes.  Ample seating and parking.  Plus, great signage, excellent frontage, fantastic visibility, high traffic counts and easy access.

A+ location.  High profile spot.  Conveniently located.  In the heart of Dekalb’s commercial district close to the university.  On restaurant row next to campus.  Tons of foot and vehicle traffic.  Ideally positioned in this growing far western suburb!

Growth & Expansion:  Landmark restaurant space.  Popular spot for locals, visitors, families, colleagues, faculty and students alike.  In a growing area that also features many golf courses and attractions.  And a booming hospitality market with 3 major hotels within a short distance.  Plus, lots of new developments nearby including the new Facebook Data Center, Ferraro Candy and several other factories.

Feel free to stop by the location first.  This is a highly confidential listing.  If interested, contact EatZ for more information.  Showings by appointment only.

Listed By Ted Aretos at EatZ & Associates / EatZ Real Estate Group LLC

Highlights

Heavy Daytime Traffic
Freestanding Corner QSR Restaurant
Modernized and Ready for Your Concept
Located Just Blocks From NIU Campus

Property Flyers

Amenities

  • Corner Lot
  • Restaurant
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Chicago/Rockford International 52 min - 35.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 24
Type: Surface
Included in Rent: Yes
Ted Aretos 815-761-8334 Eatz & Associates
Ted Aretos 815-761-8334 Eatz & Associates