5207 Belmont Avenue

    Chicago, IL 60641
    • $645,000
    • STATUS: Active
    • ON SITE: 285 days
    • MLS #: 10265039
    UPDATED: 53 min ago
    $645,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,378
      SQFT
    • $101
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    GREAT DEAL ON THIS LONG STANDING BUSINESS OF OVER 35 YEARS. 5,000 SQ. FEET. 3/4 OF IT LIQUOR AREA AND 1/4 OF IT DELI/MINI MARKET AREA. THE OWNER WANTS TO RETIRE AND IS OFFERING ALL THE INVENTORY AND ALL FIXTURES, WALK IN COOLERS, DELI AND KITCHEN EQUIPMENT, 2 LARGE STANDING FREEZERS, PRODUCE COOLER, CAMARA EQUIPMENT ETC... ALL INCLUDED IN SALE. WELL ESTABLISHED BUSINESS WITH LOTS OF FOOT AND VEHICLE TRAFFIC. CORNER BUILDING. PARKING FOR 20 CARS ON THE SIDE OF BLDG INCLUDED. LEASE IS LONG, GOOD TILL DECEMBER 2028 AND LOW RENTAL PAYMENTS OF 4,000 MONTHLY FIXED. 6 CAR GARAGE USED AS SECURE STORAGE NO OVERHEAD DOORS AND LARGE BASEMENT STORAGE INCLUDED. TEXT OR CALL LISTING AGENT FOR APPTS. SERIOUS WELL QUALIFIED BUYERS ONLY APPT REQUIRED. DO NOT DISTURB OWNER OR CUSTOMERS. CONTACT LISTING AGENT WITH ALL QUESTIONS AND APPT REQUESTS.

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    © 2019 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 MTP, MRED or Property Consultants Realty. Based on information submitted to the MRED as of 2019-11-19T09:50:11.133 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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.

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    www.propertyconsultants.com/homes/91601218

    5207 Belmont Avenue Chicago, IL 60641

    • Price: $645,000
    • Status: Active
    • Updated: 53 min ago
    • MLS #: 10265039
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    6,378
    SQFT
    $101
    $/SQFT
    Neighborhood:
    Chi - Belmont Cragin
    County:
    Cook
    Area:
    Chi - Belmont Cragin
    Property Description
    GREAT DEAL ON THIS LONG STANDING BUSINESS OF OVER 35 YEARS. 5,000 SQ. FEET. 3/4 OF IT LIQUOR AREA AND 1/4 OF IT DELI/MINI MARKET AREA. THE OWNER WANTS TO RETIRE AND IS OFFERING ALL THE INVENTORY AND ALL FIXTURES, WALK IN COOLERS, DELI AND KITCHEN EQUIPMENT, 2 LARGE STANDING FREEZERS, PRODUCE COOLER, CAMARA EQUIPMENT ETC... ALL INCLUDED IN SALE. WELL ESTABLISHED BUSINESS WITH LOTS OF FOOT AND VEHICLE TRAFFIC. CORNER BUILDING. PARKING FOR 20 CARS ON THE SIDE OF BLDG INCLUDED. LEASE IS LONG, GOOD TILL DECEMBER 2028 AND LOW RENTAL PAYMENTS OF 4,000 MONTHLY FIXED. 6 CAR GARAGE USED AS SECURE STORAGE NO OVERHEAD DOORS AND LARGE BASEMENT STORAGE INCLUDED. TEXT OR CALL LISTING AGENT FOR APPTS. SERIOUS WELL QUALIFIED BUYERS ONLY APPT REQUIRED. DO NOT DISTURB OWNER OR CUSTOMERS. CONTACT LISTING AGENT WITH ALL QUESTIONS AND APPT REQUESTS.
    Exterior Features

    Approx Land Sq Footage 5000 Frontage Access City Street Lot Dimensions 125 X 125 Lot Sq Ft 15600 Number Of Parking Spaces 25 Waterfront YN No

    Interior Features

    Air Conditioning Central Air Number Of Stories 2

    Property Features

    Adj Net Inc Expense Source Owner Projection Adjusted Net Income 132000 Ann Rnt Expense Source Actual Annual Rent For Real Estate 48000 Business Age 11+ Years Business Type Grocery/Mini-MartLiquor Store Corporate Limits Chicago Cost Of Goods Expense Source Owner Projection Cost Of Goods Sold 320000 Cost Of Goods Year 2018 Current Use Commercial Gross Payroll 60000 Gross Payroll Expense Source Owner Projection Gross Payroll Year 2018 Gross Profit 330000 Gross Profit Expense Source Owner Projection Gross Profit Year 2018 Gross Sales Ann Expense Source Owner Projection Gross Sales Ann Year 2018 Gross Sales Annual 650000 Heat Ventilation Forced Air Inventory 150000 Inventory Expense Source Owner Projection Inventory Year 2018 Known Encumbrances None Known Lease Expires 2028-12-31T06:00:00 Net Operating Income Year 2018 Net Profit 290000 Net Profit Source Owner Projection Possession Closing Potential Use Commercial Property Offered For Sale Only Real Estate Included YN No Rental Price 0 Tax Year 2018 Taxes N/A Tenant Pays Air ConditioningElectricHeatInsuranceScavenger Total Op Exp Year 2018 Total Op Expense Source Owner Projection Total Operating Expenses 40000 Type Of Lease Lease Assignable Type Ownership Business Corporation Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Re/Max City.


    © 2019 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 MTP, MRED or Property Consultants Realty. Based on information submitted to the MRED as of 2019-11-19T09:50:11.133 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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.

    Digital Millennium Copyright Act
     
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