1440 Rand Road

    Des Plaines, IL 60016
    • $1,400,000
    • STATUS: Active
    • ON SITE: 647 days
    • MLS #: 09625548
    UPDATED: 39 min ago
    $1,400,000
    • 0
      BEDS
    • .50-.99 Acre
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,600
      SQFT
    • $212
      $/SQFT
    Neighborhood:
    Des Plaines
    Type:
    Business Opportunity
    County:
    Cook
    Area:
    Des Plaines

    School Ratings & Info

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    Description

    Recently remodeled, owner retiring after 20 years, on busy Rand Road, restaurant, bar, outside patio, plenty of parking, well known. Arm chair business. Seats 240 guests, busy with small parties, special events and holidays along with everyday lunch, dinner and bar.

    Monthly Payment Calculator



    © 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 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: 2019-02-20T13:53:24.317.

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    www.tsgre.com/homes/72576451

    1440 Rand Road Des Plaines, IL 60016

    • Price: $1,400,000
    • Status: Active
    • Updated: 39 min ago
    • MLS #: 09625548
    0
    Beds
    0
    Baths
    0
    ½ Baths
    .50-.99 Acre
    Acres
    6,600
    SQFT
    $212
    $/SQFT
    Neighborhood:
    Des Plaines
    County:
    Cook
    Area:
    Des Plaines
    Property Description
    Recently remodeled, owner retiring after 20 years, on busy Rand Road, restaurant, bar, outside patio, plenty of parking, well known. Arm chair business. Seats 240 guests, busy with small parties, special events and holidays along with everyday lunch, dinner and bar.
    Exterior Features

    Approx Land Sq Footage 6600 Construction BrickConcrete Frontage Access City Street Location Free Standing/Urban Lot Dimensions 300X81 Lot Sq Ft 24600 Number Of Parking Spaces 80 Roof Coverings Rubber Waterfront YN No

    Interior Features

    Air Conditioning Central Air Miscellaneous Inside Handicapped AccessPublic Restroom/S Number Of Stories 1 Outdoor Parking 51-100 Spaces

    Property Features

    Adj Net Inc Expense Source Owner Projection Adjusted Net Income 80000 Ann Rnt Expense Source Owner Projection Annual Rent For Real Estate 84000 Business Age 11+ Years Business Name Jimmy's Restaurant Business Type Restaurant Corporate Limits Des Plaines Cost Of Goods Expense Source Owner Projection Cost Of Goods Sold 37 Cost Of Goods Year 2016 Current Use Commercial Electrical Service 201-600 Amps Food Beverage Type Restaurant Gross Payroll 28000 Gross Payroll Expense Source Owner Projection Gross Payroll Year 2016 Gross Profit 100000 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 800000 Heat Ventilation Central Bldg HeatForced AirGas Inventory 9000 Inventory Expense Source Owner Projection Inventory Year 2016 Known Encumbrances None Known Living Quarters None Miscellaneous Outside Patio Net Operating Income Year 2016 Net Profit 80000 Net Profit Source Owner Projection Number Of Emp Full Time 6 Number Of Emp Part Time 15 Possession Immediate Potential Use Commercial Property Offered For Sale Only Proprietary Info Tax Returns Real Estate Included YN Yes Sale Terms Conventional Seating Capacity 100+Outdoor Tax Year 2015 Taxes 55731 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatJanitorialReal Property TaxesInsuranceRepairs And MaintenanceRoofScavengerWater/SewerCooking Gas Total Op Exp Year 2016 Total Op Expense Source Owner Projection Total Operating Expenses 700000 Type Of Lease None Type Ownership Business Corporation Unincorporated YN No Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater-MunicipalWater To Site Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Cambridge Realty & Brokerage Llc.


    © 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 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: 2019-02-20T13:53:24.317.

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