Niko's Closes its Doors, Seeks to Rent Out Space

Owners close location, opening new restaurant in Algonquin.

Stephanie Preskar arrived at Niko’s Grill & Pub on Thursday evening to meet friends for dinner. She sat in her car not sure why the restaurant was closed. “We come here to meet and talk, the food was good and they had big portions,” the Crystal Lake woman said. While the Niko’s sign remained lit up, another sign a few feet away told the story. Owner Niko Kanakaris closed down the restaurant Sunday and put a “for lease” sign near the driveway. The restaurant, at 11900 Freeman Road, opened in 2004. “It was a good eight years, then the economy slowed it down and that large restaurant needed a certain amount of volume to keep open,” he said. “The volume wasn’t there, so we needed to make a move.” Kanakaris and his family are renovating the …

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