915 South Waukegan Road, Lake Forest, IL

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1 This magnificent three story restaurant is coming to the market for the first time. Chef Jay Lovell desires to relocate to a smaller facility, thus making this incredible facility available for an operator/team looking to locate in the crown jewel of the North Shore, Lake Forest. This +/- 17,812 SF restaurant sits on acres of improved property on Waukegan Road in West Lake Forest within walking distance of the Metra Station. For the restaurant or company in search of an exceptional image! OFFERING MEMORANDUM: DEMOGRAPHICS 1-MILE 3-MILES 5-MILES 2013 Est. Population 4,093 41, , Est. Households 1,764 11,859 40, Est. Average Income $78,608 $91,932 $82, Est. Employees 12,825 49, ,848

2 This magnificent three story restaurant is coming to the market for the first time. Chef Jay Lovell desires to relocate to a smaller facility, thus making this incredible facility available for an operator/team Introduction looking to locate in the crown jewel of the North Shore, Lake Forest. This +/- 17,812 SF restaurant sits on acres of improved property on Waukegan Road in West Lake Forest within walking distance of the Metra Station. For the restaurant or company in search of an exceptional image! Property Highlights Designed and constructed by highly acclaimed architect and designers Mark Knauer, Knauer Incorporated (www. knauerinc.com), and Rick Swanson of R.M. Swanson Architects ( Restaurant facility offers a tremendous opportunity for both on premise catering and off premise catering which has not been fully explored under present ownership. Building lends itself to conversion to many European style restaurants, a top tier Steak House, Seafood or upscale Breakfeast House.

3 THE PROPERTY: 915 South Waukegan Road, Lake Forest, Illinois NEC of South Waukegan Road & West Gloucester Crossing BUILDING SIZE: Basement... First Floor Area... Second Floor Area... Third Floor... Mechanical Room, Hot Water, Heater Room, & Electric Room... Outdoor Coolers... Total Area 4,420 SF 5,320 SF 4,501 SF 2,093 SF 1,151 SF 320 SF 17,805 SF Second Floor Balcony SF Note: Areas are taken to outside edge of walls. LAND SIZE: +/- 47,705 SF PARKS: ZONED: 60 on site with shared parking arrangement with contiguous neighbors B-1 Neighborhood Business District TAXES: $64, (2012) HIGHEST AND BEST USE: WEBSITE: PRICE: Designed as a full service, high end, restaurant with banquet room. Could be converted to a smaller restaurant footprint with second floor office space, full building conversions for office, medical, funeral home or other special use considering a prestigious address, high end design and quality finishes. Subject to Offer

4 I-94 Rt 43 Rt 41 Rt 41 Sheridan Rd Sheridan Rd FOR SALE - FIRST TIME TO MARKET Lake Forest High School City of Lake Forest Landmarks Chicago Bears Green Bay Rd / Lake Forest Hospital Deerpath Golf Course Lake Forest Downtown 11/7/2013 Conway Park Lake Forest Academy Deerpath Onwentesia Club Lake Forest College Rt 60 Rt 43 Westleigh Rd Green Bay Rd Conway Farm Golf Course Waukegan Road Retail quadrant SITE Conway Road Tall Grass Lane Lakewood Drive Country Place W Everett Road S Waukegan Road W Old Elm Road Oak Knoll Drive N

5 FOR SALE - FIRST TIME TO MARKET AD EY RO KINL N MC ENUE N AV STER N WE E SU M M IT PL AC E E E ENU N AV NSI WISCO OFFICE BUILDING REST N FO LILLIE ALEXANDER, LTD. ER INST STM E WE OSKA EM E U AVEN ARE SQU T E K AR FOREST SQUARE MARKET SQUARE COURT ENUE N AV STER N WE NG ANE NK L N BA VENU OD A KWO N OA PATH ER E DE D OA R AY NB E REE AD IS RO INO E ILL For more City of information: Lake Forest Downtown Retailers N

6 DESCRIPTION OF IMPROVEMENTS NUMBER OF STORIES: GROSS BUILDING AREA: Three 12,254 +/- SF (above grade only) 17,812 +/- SF (includes finished basement) AGE: Built 1999 ARCHITECTURAL STYLE: FOOTING & FOUNDATION: SEATING: Colonial-style, multi-story, restaurant and banquet facility. Reinforced concrete. Lower Level Captains Quarters Wine Cellar: 12 Lounge: 26 Bar: 7 Main Level Bar: 23 Dining Rooms West Wing: 28 Fireplace Room: 28 East Wing: 24 Conservatory: 40 Second Floor Bar: 7 Dining Rooms: 120 (Can accommodate two Separate Parties of 60 each) Total: 315 All Fresco Patio: 44 (Main Floor)

7 DESCRIPTION OF IMPROVEMENTS BASEMENT: EXTERIOR WALLS: ROOF: INTERIOR SUPPORT SYSTEM: H.V.A.C. SYSTEM: SPRINKLER SYSTEM: ELECTRIC: WASHROOM FACILITIES: SHIPPING & RECEIVING: The subject has a full, finished basement. Stone and drivit over concrete block backup. The subject has a flat roof in its center and a sloping roof on its sides. The flat section consists of a rubber membrane covering on 2 rigid insulation on metal decking supported by steel I beams. The sloping section has a cedar shake covering on ¾ exterior grade sheathing. Load-bearing walls and interior steel columns. The subject is separately zoned and fully heated and air conditioned. 100% automatic wet-head type. 1,200 ampere, 3 phase, 4 wire. There is one set of patron washrooms in the lower level and on the second floor (handicap accessible). In addition, there is a set of employee washrooms in the lower level and a full executive bath on the third floor. Made through two doors on the southern end of the building.

8 DESCRIPTION OF IMPROVEMENTS MISCELLANEOUS EQUIPMENT: The subject has the typical furniture, fixtures and equipment (F, F & E) associated with a sitdown-style, full-service restaurant. Separate FF+E List as part of Offering Memorandum provided upon request. However, this is considered personal property and is not included in this sale, but subject to offer. There are two A.O. Smith commercial hot water boilers with 300 gallon capacities and 776 gallon per hour recovery rates. FUNCTIONAL UTILITY: CONDITION: The subject has good functional utility as a large, upscale, multi-story, restaurant and banquet facility. Excellent.

9 DESCRIPTION OF IMPROVEMENTS COMMENTS: The subject has a single, hydraulic, combination passenger/freight elevator with a 2,500 - pound capacity. There is one gas fireplace in each of the lower level, first floor and second floor. There is an exterior balcony on the second floor over the first floor conservatory dining room which has an iron railing and slate flooring. There are three walk-in coolers and one walk-in freezer on the first floor. These coolers and freezer are prefabricated construction and are technically located outside of the subject improvement though they are accessed through doors at the southern end of the building. As such, they are considered personal property. There are two sump pumps located in the basement - each with battery backup. Overall, the finishes in the subject are exceptionally high quality with such features as a substantial amount of hardwood trim and wall covering, slate flooring and marble flooring. This, coupled with the generally high ceiling clearances and attention to detail, give the subject an upscale appearance. Typically, basement area is not included in the gross building area. However, in the subject s case, since the basement is fully finished at a level of quality commensurate with the remainder of the building and fully functions as part of the subjects primary usable space as much as the other levels, it is judged more accurate to include the basement area in the overall square footage.

10 SURVEY

11 GLOUESTER CROSSING S WAUKEGAN ROAD EXPANSION SPACE POTENTIAL +/- 10,000 SF

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13 LOWER LEVEL FLOOR PLAN

14 FIRST FLOOR - FLOOR PLAN

15 SECOND FLOOR - FLOOR PLAN

16 THIRD FLOOR - FLOOR PLAN