Exceptional Turnkey Restaurant & Bar – For Lease

Business Overview:

Exceptional Turnkey Restaurant & Bar - Historic Downtown Sycamore, IL

"Estimated Build-Out Value $250,000-$400,000 - Full Bar With 24 Taps & Kitchen With 3 Pizza Ovens"

Exceptional opportunity to lease a beautifully renovated, fully equipped restaurant and bar in Historic Downtown Sycamore! Just $6,000/month modified gross, including existing kitchen and bar equipment. No business purchase required!

This freestanding property underwent extensive renovations in 2021–2022, including doubling the commercial kitchen's size. Estimated comparable replacement cost of improvements and equipment is $250,000–$400,000, offering substantial savings on construction, equipment purchases and lengthy build-outs.

Three flexible acquisition options:

1. Lease fully equipped for $6,000/month, terms negotiable.
2. Purchase business assets for $75,000, including FF&E, build-out, trade name and goodwill, with new lease.
3. Purchase real estate for $850,000 with FF&E included.

Features include exposed brick, wood floors, contemporary finishes, impressive full-service bar with liquor displays and TVs, 24 rotating draft taps with Micro Matic system, two walk-in coolers, three pizza ovens (wood-fired and electric), commercial hood, dough equipment, fryers, refrigeration and extensive prep equipment.

Perfect for a pizzeria, gastropub, sports bar, craft beer taproom, Italian restaurant, whiskey bar, franchise conversion or entirely new dining concept. An outstanding turnkey foundation for ambitious operators!

Listed By Brian O'Kelly at EatZ & Associates

Contact the Seller:

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.

Property Features and Assets:

Prime location at 327 W State St (Route 64), within Sycamore's charming, walkable historic downtown, surrounded by restaurants, boutiques, entertainment, offices and civic destinations. Prominent frontage attracts approximately 6,650 vehicles daily, just one block from DeKalb County Courthouse.

Nearby attractions include Sycamore State Theatre, Public Library, schools, Ideal Industries headquarters and established residential neighborhoods. Northern Illinois University is approximately six miles away. Free street and public parking support accessibility, while popular festivals draw thousands of visitors.

Strong demographics: 7,937 residents within one mile, 21,230 within three and 37,704 within five. Daytime employment reaches 14,293 within three miles. Median household income approximately $84,120; owner-occupied housing 71.6%; reported retail vacancy just 3.5%.

SqFt: 3,221 + Basement Storage; 4,045 SF lot

Seating: Ample

Hrs: (Space For Lease)

Training: (Space For Lease)

Lease: $6,000/month modified gross; tax/insurance increases above base year; terms negotiable

Property: Freestanding, single-story, built 1930; renovated 2021–2022; C-2 zoning

Market Competition and Expansion:

Rare opportunity to enter an established downtown dining and entertainment market while avoiding substantial startup expenses and months of construction. Ideal for aspiring entrepreneurs, experienced restaurateurs or expanding hospitality groups seeking an adaptable, ready-to-operate location.

Sycamore's vibrant commercial district offers an established customer base, complementary businesses and consistent opportunities to attract local residents, employees and visitors. Develop weekday lunch specials, dinner promotions, weekend dining and destination experiences to capture multiple customer segments.

Expand revenue through catering, private celebrations, corporate gatherings, takeout, delivery and online ordering. Introduce loyalty programs, targeted digital marketing, seasonal menus and community partnerships to encourage repeat visits.

Host craft beer tastings, whiskey experiences, themed evenings and special events. Leverage downtown festivals, holiday celebrations and community gatherings to generate additional exposure and customer traffic.

Explore licensed video gaming as another potential income stream, subject to approvals. Flexible operations allow creative repositioning, differentiated menus and multiple revenue channels.

Reason for Selling:

Has other business interests and cannot devote the time/attention it deserves. Kindly ask the seller for more information.

Additional Details:

Relevant Links:

• View more Illinois businesses for sale
• View more Businesses For Sale in the same industry
• Sell a business online
• Find a business broker