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Listing provided courtesy of Keller Williams North Shore WestMREDas Distributed by MLSGrid- MLS# 12465767MLS Provider

40805 N Rt 83Antioch, IL 60002

Commercial · 4,675 Sq. ft.
$600,000 Active

40805 N Rt 83 Overview

Time on Site:
292 days
Visits:
14

Turnkey Bar/Restaurant with Endless Potential on 2.41 Acres! Incredible opportunity to own an established bar/restaurant on a sprawling 2.41-acre lot with everything you need to hit the ground running. This turnkey property comes fully equipped and ready to operate, including gaming machines already up and running for immediate income potential. The main level offers an expansive bar and restaurant space, plus a detached 3+ car garage for storage or additional uses. A huge second-floor apartment with its own fireplace provides excellent owner-occupancy or rental options, while the basement includes an office with bathroom. The lower level offers flexible space that could serve as a meeting or banquet room for private events. With three fireplaces throughout the building and plenty of room to expand, the possibilities are endless-imagine adding indoor or outdoor volleyball courts, hosting tournaments, and creating a premier entertainment destination. This one-of-a-kind property is ready for its next owner to bring their vision to life!

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40805 N Rt 83 Facts & Features

  • Type Commercial
  • Sq. ft. 4,675
  • Price/Sq.ft. $128

Details

General

Income/Expenses

  • Existing Lease Type: N/A
  • Operating Expense: 0

Business Information

  • Business Name: Looneys Pub
  • Business Type: Bar/Tavern/Lounge,Food & Beverage,Restaurant,Other
  • Current Use: Commercial

Location/Region

  • County Or Parish: Lake
  • MLS Area Major: Antioch

Tax Information

  • Tax Annual Amount: $8,374.00
  • Tax Year: 2024

General Information

  • Parcel Number: 02202000680000
  • Possible Use: Commercial
  • Property Type: Business Opportunity
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 4675

General Information

  • Cooling: Central Air
  • Stories: 2

Unit Information

  • Unit SqFt.: 4675

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: State Road
  • Lot Size Dimensions: 355X265X330X250
  • Lot Size Square Feet: 105851
  • Water Source: Well

Waterfront/View

  • Waterfront: No

General Information

  • Sewer: Septic Tank

40805 N Rt 83 Neighborhood

Community

60002 (ANTIOCH) Demographics

44
Median Age
640
Population Density (per sq. mile)
46%
College Educated
$94,665
Estimated Median Income
7,257
Estimated Total Home Owners
1,883
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

40805 N Rt 83 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

40805 N Rt 83 Market Data

Based on the last 30 days in this zip code

$478,604
Average List Price
$217
Average Price per Square Foot
35
Properties Sold
53
Average Days on Market
126
Properties for Sale
Calculations provided by Reliance Network

40805 N Rt 83 History

Date Event Value Agent
6/5/2026Source: MRED Status Change
Active
5/31/2026Source: MRED Status Change
Re-activated
1/13/2026Source: MRED Status Change
Active
1/8/2026Source: MRED Status Change
Re-activated
12/31/2025Source: MRED Status Change
Active
12/26/2025Source: MRED Price Reduction
$600,000 -14.3%
12/26/2025Source: MRED Status Change
Price Change
9/15/2025Source: MRED Status Change
Active
9/10/2025Source: MRED Added to Database
September 10, 2025