1118 Main Street

    Rockford, IL 61101
    • $289,000
    • STATUS: Active
    • ON SITE: 861 days
    • MLS #: 09159795
    UPDATED: 11 min ago
    $289,000
    • 0
      BEDS
    • Less Than .25 Acre
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,148
      SQFT
    • $56
      $/SQFT
    Neighborhood:
    Rockford
    Type:
    Business Opportunity
    County:
    Winnebago
    Area:
    Rockford

    School Ratings & Info

    Visit GreatSchools.org

    Description

    Completely renovated restaurant/bar & nightclub including new stucco facade with stone columns, new hardwood dance floor & stage,new tile flooring throughout, granite all around bar, granite vanities in men & women's bathroom,new plumbing & new electricity, brand new roof 2012, (2) brand new roof top units (10 ton cooling capacity each). Bar area seats roughly 30 and VIP area 40-50 people. Full basement with overhead door for easy deliveries. 15 car capacity in the rear and new parking across the seat to come. Owner will train. Owner is willing to train.

    Monthly Payment Calculator



    © 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 Touchstone Group. 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 Touchstone Group 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: 2018-07-18T17:55:10.823.

    Digital Millennium Copyright Act
    www.tsgre.com/homes/60525483

    1118 Main Street Rockford, IL 61101

    • Price: $289,000
    • Status: Active
    • Updated: 11 min ago
    • MLS #: 09159795
    0
    Beds
    0
    Baths
    0
    ½ Baths
    Less Than .25 Acre
    Acres
    5,148
    SQFT
    $56
    $/SQFT
    Neighborhood:
    Rockford
    County:
    Winnebago
    Area:
    Rockford
    Property Description
    Completely renovated restaurant/bar & nightclub including new stucco facade with stone columns, new hardwood dance floor & stage,new tile flooring throughout, granite all around bar, granite vanities in men & women's bathroom,new plumbing & new electricity, brand new roof 2012, (2) brand new roof top units (10 ton cooling capacity each). Bar area seats roughly 30 and VIP area 40-50 people. Full basement with overhead door for easy deliveries. 15 car capacity in the rear and new parking across the seat to come. Owner will train. Owner is willing to train.
    Exterior Features

    Approx Land Sq Footage 5148 Construction Brick Frontage Access City Street Location Central Business District Lot Dimensions 69X157 Lot Sq Ft 10828 Number Of Parking Spaces 15 Roof Coverings Rubber Waterfront YN No

    Interior Features

    Air Conditioning Central Air Number Of Stories 1 Outdoor Parking 13-18 Spaces

    Property Features

    Adj Net Inc Expense Source Broker Projection Adjusted Net Income 0 Ann Rnt Expense Source Broker Projection Annual Rent For Real Estate 2015 Business Age 4-6 Years Business Name Las Palmas Nightclub Business Type Bar/Lounge/Nite ClubFood And BeverageRestaurant Cost Of Goods Expense Source Broker Projection Cost Of Goods Sold 0 Cost Of Goods Year 2015 Current Use Commercial Electrical Service 201-600 Amps Food Beverage Type Restaurant Gross Payroll 0 Gross Payroll Expense Source Broker Projection Gross Payroll Year 2015 Gross Profit 0 Gross Profit Expense Source Broker Projection Gross Profit Year 2015 Gross Sales Ann Expense Source Broker Projection Gross Sales Ann Year 2015 Gross Sales Annual 0 Heat Ventilation Ceiling UnitsGas Inventory 0 Inventory Expense Source Broker Projection Inventory Year 2015 Known Encumbrances None Known Living Quarters None Net Operating Income Year 2015 Net Profit 0 Net Profit Source Broker Projection Number Of Emp Full Time 2 Number Of Emp Part Time 5 Possession Immediate Property Offered For Sale Only Proprietary Info Furniture/Fix/Equip ListTax Returns Real Estate Included YN Yes Sale Terms ConventionalCash Only Seating Capacity 100+ Seller Will Other Tax Year 2016 Taxes 2727 Tenant Pays ElectricHeatReal Property TaxesInsuranceRepairs And MaintenanceWater/Sewer Total Op Exp Year 2015 Total Op Expense Source Broker Projection Total Operating Expenses 0 Type Of Lease None Type Ownership Business Corporation 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 Re/Max 10.


    © 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 Touchstone Group. 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 Touchstone Group 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: 2018-07-18T17:55:10.823.

    Digital Millennium Copyright Act
     
    Touchstone Group
    2308 W North Avenue #C1
    Chicago IL, 60647