Address Not Available By Request

    Chicago, IL 60602
    • $500,000
    • STATUS: Active
    • ON SITE: 277 days
    • MLS #: 09778794
    UPDATED: 13 min ago
    $500,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,400
      SQFT
    • $35
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    Owner retiring after 40 years in business in Loop. Full service restaurant and bar, 3600 sq feet, seating for 150, and 20 bar stools. 2am liquor license (no more liquor licenses being issued. Walking distance to City Hall, Courts, and State of Illinois buildings. Thirteen years left on lease at $5,000 a month rent including taxes and cam. That is only $16.66 a square foot for DOWNTOWN LOOP, unbelievable. This will go fast and the City is not issuing any more liquor licenses.

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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: 2018-07-21T16:53:01.253.

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    www.propertyconsultants.com/homes/77772070

    Address Not Available By Request Chicago, IL 60602

    • Price: $500,000
    • Status: Active
    • Updated: 13 min ago
    • MLS #: 09778794
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    14,400
    SQFT
    $35
    $/SQFT
    Neighborhood:
    Chi - Loop
    County:
    Cook
    Area:
    Chi - Loop
    Property Description
    Owner retiring after 40 years in business in Loop. Full service restaurant and bar, 3600 sq feet, seating for 150, and 20 bar stools. 2am liquor license (no more liquor licenses being issued. Walking distance to City Hall, Courts, and State of Illinois buildings. Thirteen years left on lease at $5,000 a month rent including taxes and cam. That is only $16.66 a square foot for DOWNTOWN LOOP, unbelievable. This will go fast and the City is not issuing any more liquor licenses.
    Exterior Features

    Approx Land Sq Footage 3600 Construction BrickConcrete Frontage Access City Street Location Central Business District Lot Dimensions 45X150 Lot Sq Ft 6750 Number Of Parking Spaces 0 Roof Coverings Tar And Gravel Waterfront YN No

    Interior Features

    Air Conditioning Central Air Miscellaneous Inside Public Restroom/SStorage Inside Number Of Stories 4

    Property Features

    Adj Net Inc Expense Source Owner Projection Adjusted Net Income 80000 Ann Rnt Expense Source Actual Annual Rent For Real Estate 60000 Business Age 11+ Years Business Type Restaurant Corporate Limits Chicago Cost Of Goods Expense Source Owner Projection Cost Of Goods Sold 144400 Cost Of Goods Year 2016 Current Use Commercial Electrical Service 201-600 Amps Food Beverage Type Restaurant Gross Payroll 114400 Gross Payroll Expense Source Owner Projection Gross Payroll Year 2016 Gross Profit 480600 Gross Profit Expense Source Owner Projection Gross Profit Year 2016 Gross Sales Ann Expense Source Owner Projection Gross Sales Ann Year 2016 Gross Sales Annual 625000 Heat Ventilation Central Heat/Indiv Controls Inventory 9000 Inventory Expense Source Owner Projection Inventory Year 2016 Known Encumbrances None Known Lease Expires 2030-04-30T05:00:00 Living Quarters None Miscellaneous Outside Tenant Signage Net Operating Income Year 2016 Net Profit 100100 Net Profit Source Owner Projection Number Of Emp Full Time 4 Number Of Emp Part Time 8 Possession Negotiable Potential Use Commercial Property Offered For Sale Only Proprietary Info Tax ReturnsVendor List Real Estate Included YN No Sale Terms Conventional Seating Capacity 100+ Seller Will Other Tax Year 2016 Taxes 0 Tenant Pays Air ConditioningElectricHeatJanitorialInsuranceScavenger Total Op Exp Year 2016 Total Op Expense Source Owner Projection Total Operating Expenses 380500 Type Of Lease Gross Lease Type Ownership Business Corporation Unincorporated YN No Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater-Municipal Zoning Type Commr

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of Cambridge Realty & Brokerage Llc.


    © 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: 2018-07-21T16:53:01.253.

    Digital Millennium Copyright Act
     
    Property Consultants Realty
    2200 N Damen Ave.
    Chicago IL, 60647