Rockys American Grill

For Sale

698 North Milwaukee Avenue, Prospect Heights, IL 60070

This Prospect Heights property for sale is located at 698 North Milwaukee Avenue. The current listed sale price for Rockys American Grill is $1,500,000.

Contacts

Chad Severson

Troy Companies

Property Details

  • Property Type Other
  • Property Size 10,300 SF
  • Property Tenancy Single Tenant
  • Year Built 1991
  • Date Updated May 7, 2026
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.
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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)

Attachments

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Location

  • City Prospect Heights, IL
  • Zip Code 60070
  • Market Chicago

Points of Interest

  • Mount Prospect

    3.89 miles

  • Des Plaines

    4.62 miles

  • Deerfield

    4.65 miles

  • Arlington Heights

    5.08 miles

  • Arlington Park

    6.12 miles

  • Ravinia Park

    6.76 miles

  • Ravinia

    6.78 miles

  • Highland Park

    7.06 miles

  • Park Ridge

    7.37 miles

  • Morton Grove

    7.37 miles

  • BP

    0.74 miles

  • Citgo

    0.86 miles

  • Marathon

    0.89 miles

  • Shell

    1.42 miles

  • Gas Depot

    1.73 miles

  • ChargePoint

    2.43 miles

  • Tesla Supercharger

    2.59 miles

  • Mobil

    3.00 miles

  • volta

    5.53 miles

  • EVgo

    6.39 miles

  • Yellow Parking Lot

    2.02 miles

  • Green Parking Lot

    2.12 miles

  • West parking lot

    2.14 miles

  • East parking lot

    2.20 miles

  • Orange Parking Lot

    2.32 miles

  • Boat Parking

    2.65 miles

  • Northbrook Metra Station

    3.42 miles

  • Glen Town Center Parking

    3.46 miles

  • Parking Garage

    3.47 miles

  • Elk's Lodge Parking

    4.43 miles

  • Holiday Inn Express & Suites Prospect Heights

    0.12 miles

  • Motel 6 Prospect Heights

    0.22 miles

  • Ramada Plaza Chicago North Shore

    0.49 miles

  • Hilton Chicago/Northbrook

    0.59 miles

  • Crowne Plaza Chicago-Northbrook

    0.67 miles

  • Candlewood Suites

    1.14 miles

  • Courtyard Chicago Glenview/Northbrook

    1.74 miles

  • Estia

    1.77 miles

  • Baymont Glenview

    1.90 miles

  • Motel 6 Chicago North - Glenview

    2.00 miles

  • Mariano's Fresh Market

    0.91 miles

  • H Mart

    1.39 miles

  • Jewel-Osco

    2.28 miles

  • Fresh Farms International Market

    2.35 miles

  • Randhurst Village

    2.72 miles

  • TJ Maxx

    2.76 miles

  • Carnicerias Jimenez

    3.08 miles

  • Fresh Thyme

    3.13 miles

  • Marshalls

    3.14 miles

  • Walmart Supercenter

    3.16 miles

Contact Listing Broker
Chad Severson

Troy Companies

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