Fully-Equipped Freestanding Pizzeria w/Bar Wonder Lake, IL - Property For Sale!

"A Longstanding Pizzeria For Over 70 Years In The Heart Of The Wonder Lake Recreational Corridor"

An exceptional opportunity to acquire a freestanding restaurant and real estate in the heart of the Wonder Lake recreational corridor. This well-known property has served the community for decades under several recognizable concepts including Millie’s Pizza, Dusty’s Pizza and most recently Napoli Pizza Beach Bar.

Its single-story freestanding building currently features 2 separate rooms, 1st room with a small bar with 2-door glass cooler, fireplace, seating and space for video gaming, plus a 2nd room with vaulted ceilings, expansive windows, skylights, ample seating and access to its wrap-around deck with additional outdoor seating.

As well as a fully equipped kitchen with lg hood, 2 double-stack Blodgett pizza ovens, 4-burner tabletop stove, flat top grill, 2 fryers, convection oven, dough mixer & roller, 2-door & 3-door sandwich prep coolers, 2-door stand-up cooler, 2 stand-up freezers, walk-in cooler & freezer and more. In addition to a basement for extra storage and a detached 2 car garage.

Well established over 70 years. Asset sale with property - all furniture, fixtures and equipment (FF&E) included. Currently closed. The previous owner had a liquor and gaming license, a buyer will need to re-apply for both.

Opportunity Highlights:
- Single-story freestanding building on 41,132 sqft of land or .94 acre
- Ample on-site parking w/32 parking spaces
- Opportunity to reopen as a pizzeria, lake-themed dining, beach-style restaurant, tavern, sports -bar, entertainment venue or event space
- Flexible building layout adaptable to multiple concepts
- Potential to also add an outdoor patio for additional seasonal lake-lifestyle dining
- Highly recognizable location w/a long history of local favorite dining concepts

Ideal For:
- Pizza place
- Family restaurant or casual dining spot
- Tavern, lake-themed bar or sports bar
- Live music or entertainment venue
- Event or private party venue

With the property included in the sale, buyers have the flexibility to reimagine the concept and build long-term value in a highly desirable lake community.

Prime retail space in a freestanding building with outstanding visibility, easy accessibility, abundant parking.

Strategically positioned within one of Merrillville's busiest commercial districts, the location enjoys continuous traffic generated by surrounding retailers, restaurants, hotels, offices, residential neighborhoods and regional attractions.

And the area's strong consumer demographics, daytime workforce and steady flow of visitors create an ideal environment for a wide variety of restaurant concepts.

Competition/Mkt: Wonder Lake is one of McHenry County’s most unique recreational communities, centered around a large 840-acre private lake (Wonder Lake) known for boating, fishing, waterskiing, snowmobiling and year-round outdoor activities.

Its surrounding neighborhoods include thousands of lakefront homes, cottages and residential communities, creating a loyal local customer base.

The area experiences significant seasonal visitation, particularly during the warmer months when boating & lake recreation bring additional traffic to local restaurants/gathering spots.

Growth & Expansion: Standalone restaurant properties in lake communities rarely come to market. Your chance to own both the building and real estate in one of McHenry County’s most recognizable recreational areas.

Its history as a longstanding area destination demonstrates its viability as a gathering place for locals and visitors alike. Boasts year-round traffic with strong seasonal peaks during spring, summer, fall and winter recreation seasons.

With the right vision/concept, a new owner can reestablish the property as Wonder Lake’s next popular dining and social destination!

Listed By Pat Mahoney at EatZ & Associates