1619 Michigan Avenue

    Chicago, IL 60616
    • $25,000
    • STATUS: Active
    • ON SITE: 186 days
    • MLS #: 09919016
    UPDATED: 49 min ago
    $25,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,000
      SQFT
    • $3
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    Awesome location for convenience store! New Casino machines add to revenue! Small 2,000 sf neighborhood convenience store (no alcohol allowed). Lotto, ATM revenue generators almost $60k passive income per year. They draw activity to spend on the inventory! Have your broker set an appointment or call listing broker for appointment. Employees not aware of sale. Please do not ask questions or discuss if you visit the store or walk by. Thank you in advance.

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    © 2018 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Property Consultants Realty. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Property Consultants Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2018-10-21T09:51:18.16.

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    www.propertyconsultants.com/homes/82673798

    1619 Michigan Avenue Chicago, IL 60616

    • Price: $25,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 09919016
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    10,000
    SQFT
    $3
    $/SQFT
    Neighborhood:
    Chi - Near South Side
    County:
    Cook
    Area:
    Chi - Near South Side
    Property Description
    Awesome location for convenience store! New Casino machines add to revenue! Small 2,000 sf neighborhood convenience store (no alcohol allowed). Lotto, ATM revenue generators almost $60k passive income per year. They draw activity to spend on the inventory! Have your broker set an appointment or call listing broker for appointment. Employees not aware of sale. Please do not ask questions or discuss if you visit the store or walk by. Thank you in advance.
    Exterior Features

    Approx Land Sq Footage 2000 Construction Brick Frontage Access City Street Land Amenities Lighting/Exterior Location Central Business District Lot Dimensions 25X125 Lot Sq Ft 3125 Number Of Parking Spaces 0 Roof Coverings Other

    Interior Features

    Air Conditioning Central Air Miscellaneous Inside Other Number Of Stories 3 Outdoor Parking Other

    Property Features

    Adj Net Inc Expense Source Owner Projection Adjusted Net Income 00 Ann Rnt Expense Source Actual Annual Rent For Real Estate 45498 Business Age 1-3 Years Business Name G&M FoodmartInc. Business Type Grocery/Mini-Mart Corporate Limits Chicago Cost Of Goods Expense Source Owner Projection Cost Of Goods Sold 182000 Cost Of Goods Year 2017 Current Use Commercial Electrical Service 0-100 Amps Food Beverage Type Other Gross Payroll 54000 Gross Payroll Expense Source Owner Projection Gross Payroll Year 2017 Gross Profit 78000 Gross Profit Expense Source Owner Projection Gross Profit Year 2017 Gross Sales Ann Expense Source Owner Projection Gross Sales Ann Year 2017 Gross Sales Annual 260000 Heat Ventilation Central Heat/Indiv Controls Inventory 30000 Inventory Expense Source Owner Projection Inventory Year 2017 Known Encumbrances Other Lease Expires 2020-06-30T05:00:00 Living Quarters None Miscellaneous Outside CourtyardOther Net Operating Income Year 2017 Net Profit 41662 Net Profit Source Owner Projection Number Of Emp Full Time 2 Number Of Emp Part Time 1 Possession Closing Potential Use Commercial Property Offered For Sale Only Proprietary Info Profit And Loss Statement Real Estate Included YN No Rental Price 23142 Seller Will Other Tax Year 2017 Taxes 9999 Tenant Pays Air ConditioningElectric Total Op Exp Year 2017 Total Op Expense Source Owner Projection Total Operating Expenses 110000 Type Of Lease Gross Lease Type Ownership Business Corporation Zoning Type Rtail

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of Hoff, Realtors.


    © 2018 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Property Consultants Realty. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Property Consultants Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2018-10-21T09:51:18.16.

    Digital Millennium Copyright Act
     
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