1565 Milwaukee Avenue

    Chicago, IL 60622
    • $475,000
    • STATUS: Active
    • ON SITE: 115 days
    • MLS #: 10623188
    $475,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,000
      SQFT
    • $32
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    The Flat Iron is a well known Wicker Park late hour night club venue. The business benefits from a Tavern, Late Hour and PPA licenses all of which are corporately held. The 3,800 square foot space has an interior occupancy of 269 with two full bars. This open space can easily be transformed into a variety of different bar or music venues or can continue on as a perfect dive bar. This is an operating business, please do not discuss with staff or customers if you visit during operating hours.

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    © 2020 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 Touchstone Group. Based on information submitted to the MRED as of 2020-05-24T23:49:44.127 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.tsgre.com/homes/102773969

    1565 Milwaukee Avenue Chicago, IL 60622

    • Price: $475,000
    • Status: Active
    • MLS #: 10623188
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    15,000
    SQFT
    $32
    $/SQFT
    Neighborhood:
    Chi - West Town
    County:
    Cook
    Area:
    Chi - West Town
    Property Description
    The Flat Iron is a well known Wicker Park late hour night club venue. The business benefits from a Tavern, Late Hour and PPA licenses all of which are corporately held. The 3,800 square foot space has an interior occupancy of 269 with two full bars. This open space can easily be transformed into a variety of different bar or music venues or can continue on as a perfect dive bar. This is an operating business, please do not discuss with staff or customers if you visit during operating hours.
    Exterior Features

    Approx Land Sq Footage 3800 Construction Brick Frontage Access City Street Location Mixed Use AreaPublic Transport Avail Lot Dimensions 75*125 Lot Sq Ft 9375 Number Of Parking Spaces 0 Waterfront YN No

    Interior Features

    Air Conditioning Central Individual Number Of Stories 3

    Property Features

    Adj Net Inc Expense Source Owner Projection Adjusted Net Income 999 Ann Rnt Expense Source Owner Projection Annual Rent For Real Estate 275304 Business Age 11+ Years Business Name The Flat Iron Business Type Bar/Lounge/Nite Club Corporate Limits Chicago Cost Of Goods Expense Source Owner Projection Cost Of Goods Sold 999 Cost Of Goods Year 2019 Current Use Commercial Electrical Service 201-600 Amps Estimated Cam SF 0 Gross Payroll 999 Gross Payroll Expense Source Owner Projection Gross Payroll Year 2019 Gross Profit 999 Gross Profit Expense Source Owner Projection Gross Profit Year 2019 Gross Sales Ann Expense Source Owner Projection Gross Sales Ann Year 2019 Gross Sales Annual 999 Heat Ventilation Central Heat/Indiv Controls Inventory 999 Inventory Expense Source Owner Projection Inventory Year 2019 Known Encumbrances None Known Lease Expires 2029-07-31T05:00:00 Lease Type Gross Miscellaneous Outside Handicapped Access Net Operating Income Year 2019 Net Profit 999 Net Profit Source Owner Projection Number Of Emp Full Time 4 Number Of Emp Part Time 10 Possession Closing Potential Use CommercialLiquor License Property Offered For Sale Only Proprietary Info DemographicsFurniture/Fix/Equip ListLeases-CopiesProfit And Loss Statement Real Estate Included YN No Sale Terms Conventional Seating Capacity 100+ Tax Year 2018 Taxes 0 Tenant Pays Air ConditioningElectricHeatJanitorialRepairs And MaintenanceScavengerWater/Sewer Total Op Exp Year 2019 Total Op Expense Source Owner Projection Total Operating Expenses 999 Type Of Lease Gross Lease Type Ownership Business Corporation Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater To Site Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Sperry Van Ness.


    © 2020 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 Touchstone Group. Based on information submitted to the MRED as of 2020-05-24T23:49:44.127 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
     
    Touchstone Group
    2308 W North Avenue #C1
    Chicago IL, 60647