Mexican Restaurant Operator Buys Fully Equipped Restaurant In Algonquin For $1.1M

A 7,549-square-foot, fully equipped, second-generation restaurant situated at 2561 County Line Road in Algonquin, Illinois, was recently sold. The property, located in the Algonquin market, was purchased for $1,100,000. The building, constructed in 2008, is in excellent condition and is part of the Algonquin Commons shopping center. It boasts on-site parking for 62 vehicles and has high visibility from Randall Road.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $1,100,000.00
• Address: 2561 County Line Rd, Algonquin, IL
• Seller's Rep: Tim Rasmussen(SVN)
• Buyer: Unknown
• SF: 7549

The seller in this transaction was represented by Tim Rasmussen, CCIM, and Olivia Czyzynski of SVN Chicago Commercial. It is worth noting that this was the second time in four years that SVN Chicago has successfully sold this property. The buyer is a well-known operator of Mexican restaurants who intends to open a casual Mexican concept at the newly acquired location.