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Commercial

D'Andrea Banquets - Possible Redevelopment

4419 US-14, Crystal Lake, IL 60014

Listing Price: Request For Offer

Lot Size
3.64 acres
Land Type
Redevelopment

Investment Overview

Marcus & Millichap is pleased to present D'Andrea's Banquet & Conference Center. The building is 17,000 square feet of banquet space with multiple rooms, bars, a large commercial kitchen, and abundant parking. The property can be purchased in three separate ways. The first being as is to continue running the property as a banquet center. Secondly, the property could be purchased for repurposing the building without the equipment and last, and most probable will be as a redevelopment. The property has been owned by the current family for over 40 years. The current iteration of the business, D'Andrea Banquets & Conference Center will be closing due to the retirement of the partners in the business. This opens up several opportunities for a potential buyer. The property as it sits is a fully functioning banquet facility. There is a total capacity for about 1000 people at any given time. There are multiple bar setups, coat rooms, and restrooms. The banquet rooms are configured such that you can have a small event or a very large event. The well-equipped commercial kitchen has three walk-in coolers and one walk-in freezer. The current operation has its linen inventory as well as laundry facilities to take care of it. Another option would be to purchase the property and allow the owner to sell off the equipment and fixtures of the property assuming it would not be needed. The building could then be repurposed for another use. The third option would be to repurpose the entire property into a new development, possibly demolishing the current structure and adding new buildings.

Investment Highlights

  • Almost Four Acres at Intersection of Route 31 and Route 14 in Crystal Lake, Illinois
  • Over 500 Feet of Frontage on Route 14
  • Three Possible Options for Purchase
  • Because of More Than One Option, Property is Being Offered Unpriced
  • Two Levels of Event Space

Exclusively Listed By

Commercial

D'Andrea Banquets - Possible Redevelopment

Listing Price: Request For Offer

Lot Size
3.64 acres
Land Type
Redevelopment

Investment Highlights

  • Almost Four Acres at Intersection of Route 31 and Route 14 in Crystal Lake, Illinois
  • Over 500 Feet of Frontage on Route 14
  • Three Possible Options for Purchase
  • Because of More Than One Option, Property is Being Offered Unpriced
  • Two Levels of Event Space

Investment Overview

Marcus & Millichap is pleased to present D'Andrea's Banquet & Conference Center. The building is 17,000 square feet of banquet space with multiple rooms, bars, a large commercial kitchen, and abundant parking. The property can be purchased in three separate ways. The first being as is to continue running the property as a banquet center. Secondly, the property could be purchased for repurposing the building without the equipment and last, and most probable will be as a redevelopment. The property has been owned by the current family for over 40 years. The current iteration of the business, D'Andrea Banquets & Conference Center will be closing due to the retirement of the partners in the business. This opens up several opportunities for a potential buyer. The property as it sits is a fully functioning banquet facility. There is a total capacity for about 1000 people at any given time. There are multiple bar setups, coat rooms, and restrooms. The banquet rooms are configured such that you can have a small event or a very large event. The well-equipped commercial kitchen has three walk-in coolers and one walk-in freezer. The current operation has its linen inventory as well as laundry facilities to take care of it. Another option would be to purchase the property and allow the owner to sell off the equipment and fixtures of the property assuming it would not be needed. The building could then be repurposed for another use. The third option would be to repurpose the entire property into a new development, possibly demolishing the current structure and adding new buildings.

Exclusively Listed By

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