What is the asking price for Rockys American Grill?

The lease rate for space here is Contact for pricing.

What type of property tenancy can you find at Rockys American Grill?

This property is listed as Single Tenant.

What is the total size of Rockys American Grill?

The property has a total square footage of 10,300 SF.

When was this property built?

Rockys American Grill was built in 1991.

How many parking spaces are available at Rockys American Grill?

Parking information for the property isn't currently listed. However, other nearby parking options include Yellow Parking Lot, located 2.02 miles away , and Green Parking Lot, which is 2.12 miles away.

698 North Milwaukee Avenue, Prospect Heights, IL 60070

For Sale $1,500,000
Property Type Other
Property Size 10,300 SF
Property Tenancy Single Tenant
Year Built 1991
Date Updated May 7, 2026

Description

Discover the charm of Prospect Heights, IL, nestled in the vibrant Western Suburbs market. This dynamic area boasts a mix of commercial, retail, and residential spaces, making it an ideal location for Hospitality / Full Service investors. With proximity to popular attractions like Chicago Botanic Garden, Randhurst Village shopping center, and renowned dining options, the area offers both convenience and allure. Drawing in visitors with diverse interests, the location provides an excellent opportunity for investors seeking to capitalize on the region's economic growth. Don't miss the chance to be part of this thriving community and establish a flagship property in this promising market.This established Prospect Heights sports bar and dance venue demonstrates strong financial metrics with $1.5M gross sales (2024) and $300,000+ Seller's Discretionary Earnings, representing a 20% SDE margin. ($1.3 Gross sales in 2025 with cash flow over $500k) Gaming revenue provides additional stability with $127,243 take-home (2024), indicating consistent supplemental income streams. None of these numbers reflect any cover charges at $20pp and over 600 covers between Fri/Sat.

Highlights

Annual Rent-to-Sales Ratio: 8.4% ($126,000 annual rent / $1.5M sales)
COMPETITIVE ADVANTAGES
Established customer base with proven nightlife demographic
Extended operating license (4AM daily) vs standard 2AM closures
Largest Modelo account in Illinois (state-leading position)
Lease Terms: $10,500/month NNN, Year 7 of 10-year extension (3 years remaining)
Licensed Hours: 4AM daily liquor license maximizes revenue potential. Can open at 8am if wanted for additional gaming revenues.
Multi-bar configuration enables efficient high-volume service
Operating Hours: 3PM-3AM daily (12-hour operation window) Very Rare 20-hour license
Peak Performance: DJ and dance operations Thursday-Saturday
Primary Revenue: Food and beverage operations
Professional sound system and lighting infrastructure support premium entertainment positioning
REVENUE DIVERSIFICATION
Seasonal Revenue: Outdoor bands and summer festivals
Secondary Revenue: Video gaming ($127K+ annual). Reports attached, Corp name "Sellis Ent"
State's largest gaming account provides market differentiation
Total Capacity: 365 seats including 50-seat patio (14% outdoor seating ratio)