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770 S Arlington Heights Road Elk Grove Village, IL 60007

$150,000
Active / MLS# 12317761 / Commercial - Investment / Elk Grove Village
0 Beds
3181 SqFt

FOR SALE: TURNKEY MEXICAN RESTAURANT - ELK GROVE VILLAGE, IL! Pleased to present Tapalpa Mexican Restaurant, a thriving, fully operational Mexican restaurant located in Longfellow Plaza, a high-visibility shopping center with strong foot traffic and excellent accessibility. This is a rare turnkey opportunity featuring a well-established business with a loyal customer base, a fully equipped kitchen with all commercial-grade appliances, and an included liquor and food license. The restaurant boasts a 1,300 SF dine-in area with seating for 82 guests, along with a 55-seat outdoor patio featuring a covered deck (325 SF) and four FireSense patio heat lamps. The full bar setup includes liquor inventory (subject to negotiation). Strategically positioned at the busy intersection of Arlington Heights Rd. & JF Kennedy Blvd., the restaurant benefits from 26,140 Vehicles Per Day (VPD) and is steps away from major retailers and dining establishments such as Jewel-Osco, Walgreens, Subway, Starbucks, FedEx, Dunkin', 7-Eleven, Buffalo Wild Wings, and Planet Fitness, ensuring a steady flow of customers. Located within a dense residential and community area, it serves local residents, businesses, and institutions such as Park Chardonnay Condo Associates, Elk Grove Village Public Library, Alexian Brothers Medical, Lions Park, Rainbow Falls Waterpark, and Salt Creek Elementary School. The restaurant is well-known for its traditional Mexican dishes like Tampiquena de Carne Asada and homemade flan, alongside Mexican-American favorites such as Fajitas. The lease is structured as an exceptionally favorable setup for restaurant operators. Lease details and renewal options are available upon signing an NDA. Financial information, including annual revenue, profit/loss breakdown, and monthly operating expenses (rent, utilities, payroll, food costs), will be provided to serious buyers upon signing an NDA. The restaurant generates revenue through dine-in, takeout, catering, and bar sales, with a strong online ordering presence through UberEats, DoorDash, and other platforms. The sale includes all essential kitchen equipment such as a hood system, grease trap, fire suppression system, refrigerators, freezers, ovens, fryers, stoves, prep tables, POS system, furniture, dishware, and signage, along with a three-phase electrical service. The outdoor patio is fully equipped with a covered deck and four FireSense patio heaters. Leased items, including the ice machine and dishwasher, are not included in the sale but have transferrable lease options. The restaurant is staffed with a well-trained team of servers, bartenders, chefs, and kitchen staff, ensuring smooth operations, and a training/transition period is available upon offer negotiation. Operating hours are Monday 3:00 PM - 9:00 PM, Tuesday through Thursday 11:00 AM - 9:00 PM, Friday 11:00 AM - 10:00 PM, Saturday 3:00 PM - 10:00 PM, and closed on Sundays. There are multiple opportunities for growth, including expanding delivery

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Baird & Warner Jeffrey Schwartz Email

Property Details

Property Type: Commercial - Investment
Cooling: Central Air
Lot Size: 0.07 Acres
Stories: 1.0
Taxes: $999

Feature Descriptions

Drains: Patio
Exterior: Brick
HVAC: Forced Air
Lot Dimensions: 55X58
Miscellaneous Outdoor: Patio
Parcel#: 99999990000000
Parking: 51-100 Spaces

Location

See details and scored characteristics about this location.

Listing Office: Keller Williams ONEChicago

Listing Office Phone: 312-216-2422



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