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9827 Leland Avenue

Schiller Park, IL 60176
  • $1,300,000
  • STATUS: Active
  • ON SITE: 317 Days
  • MLS #: 10974071
UPDATED: 53 min ago
$1,300,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 14,284
    SQFT
  • $91
    $/SQFT
Neighborhood:
Type:
Business Opportunity
County:

School Ratings & Info

Description

Price is for property and building alone. Business with all equipment and fully booked events available at additional price. Opportunity to purchase this recently remodeled 14,284 sf banquet/catering facility in the heart of the O'Hare market. This prime property is surrounded by small industrial, commercial, retail and residential properties. The offer price of $1,300,000 is for the building and property. Business is available, (which includes all furniture, fixtures and kitchen equipment). Owner has contracts for banquets through 2021 and way into 2022 and is willing to stay and train new operator for a short time. The 2018 remodel included: new drywall, paint, upgrade to LED light fixtures new lighted dance floor and new flooring in both ballrooms; and new walls, sinks, counters, tile floors, lights, and stalls in bathrooms. A new roof was installed in November 2017 with a 10-year warranty. The property is located just minutes from Donald E. Stephens Convention Center, Allstate Arena, Rosemont Theatre, Rosemont Entertainment District, MB Financial Park, the Fashion Outlets of Chicago and a wide variety of hotels, and is perfectly positioned to take advantage of the opportunity to host/cater the numerous corporate functions, holiday parties, bridal/baby showers, weddings, baptisms, cotillions, anniversaries, and other events that take place in the area. The property includes: - A 4.002 SF Front Banquet Hall that has a dedicated entrance, large skylights, and seating for 100 + 30 on the attached enclosed patio. - A 5,200 SF Back (Grand) Ballroom with its own entry/reception hall, bridal room, and 4 washrooms (2 mens + 2 womens), and seating for 250+. -A 5,082 Kitchen. The kitchen is situated between the 2 ballrooms, and it is capable of supporting banquets and outside catering assignments simultaneously. A dock provides access to the kitchen area for deliveries/loading. This property was completely remodeled 2018-2019. Business did not resume till July of 2019 so income numbers are based on 1/2 of the year. Projected gross sales for 2020 was over $700,000. with signed contracts in hand. Majority of those contracts have been moved into 2021 so new owner will take over with banquets already planned. If buyer is interested in business? If not owner will completely remove all business fixtures including kitchen facility, exhaust hoods freezers etc. Vacant 14000 plus square foot building with 12' ceilings loading dock area and parking. Taxes are paid and appeal in process.

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© 2021 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 2021-12-03T13:02:06.047 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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9827 Leland Avenue Schiller Park, IL 60176

  • Price: $1,300,000
  • Status: Active
  • On Site: 317 Days
  • Updated: 53 min ago
  • MLS #: 10974071
0
Beds
0
Baths
0
½ Baths
N/A
Acres
14,284
SQFT
$91
$/SQFT
Neighborhood:
Schiller Park
County:
Cook
Area:
Schiller Park
Property Description
Price is for property and building alone. Business with all equipment and fully booked events available at additional price. Opportunity to purchase this recently remodeled 14,284 sf banquet/catering facility in the heart of the O'Hare market. This prime property is surrounded by small industrial, commercial, retail and residential properties. The offer price of $1,300,000 is for the building and property. Business is available, (which includes all furniture, fixtures and kitchen equipment). Owner has contracts for banquets through 2021 and way into 2022 and is willing to stay and train new operator for a short time. The 2018 remodel included: new drywall, paint, upgrade to LED light fixtures new lighted dance floor and new flooring in both ballrooms; and new walls, sinks, counters, tile floors, lights, and stalls in bathrooms. A new roof was installed in November 2017 with a 10-year warranty. The property is located just minutes from Donald E. Stephens Convention Center, Allstate Arena, Rosemont Theatre, Rosemont Entertainment District, MB Financial Park, the Fashion Outlets of Chicago and a wide variety of hotels, and is perfectly positioned to take advantage of the opportunity to host/cater the numerous corporate functions, holiday parties, bridal/baby showers, weddings, baptisms, cotillions, anniversaries, and other events that take place in the area. The property includes: - A 4.002 SF Front Banquet Hall that has a dedicated entrance, large skylights, and seating for 100 + 30 on the attached enclosed patio. - A 5,200 SF Back (Grand) Ballroom with its own entry/reception hall, bridal room, and 4 washrooms (2 mens + 2 womens), and seating for 250+. -A 5,082 Kitchen. The kitchen is situated between the 2 ballrooms, and it is capable of supporting banquets and outside catering assignments simultaneously. A dock provides access to the kitchen area for deliveries/loading. This property was completely remodeled 2018-2019. Business did not resume till July of 2019 so income numbers are based on 1/2 of the year. Projected gross sales for 2020 was over $700,000. with signed contracts in hand. Majority of those contracts have been moved into 2021 so new owner will take over with banquets already planned. If buyer is interested in business? If not owner will completely remove all business fixtures including kitchen facility, exhaust hoods freezers etc. Vacant 14000 plus square foot building with 12' ceilings loading dock area and parking. Taxes are paid and appeal in process.
Exterior Features

Lot Size 8.0-9.99 Acres Outdoor Parking 51-100 Spaces Parking Total 63 Roof Rubber

Interior Features

Cooling Central Air Heat Ventilation Central Bldg Heat Miscellaneous Inside Public Restroom/S

Property Features

Additional Parcels YN No Adjusted Net Income 222135 Adjusted Net Income Year 2019 Annual Rent For Real Estate 0 Building Area Total 14284 Business Age 7-10 Years Business Type Bar/Tavern/LoungeFood & BeverageRestaurantService/Misc.Other Current Use Commercial Electric Other Gross Profit Year 2019 Gross Sales Annual 463899 Gross Sales Annual Year 2019 Location CornerMixed Use AreaFree Standing/Urban Operating Expense 55472 Possible Use CommercialIndustrialLiquor LicenseOther Property Offered For Sale Only Real Estate Included Yes Sale Price Includes LandBuilding Tax Annual Amount 86000 Tax Year 2019 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceTaxesInsuranceRepairsRoofScavengerStructureSewer Type Bus / Bus W/Real Est Type Of Lease None Zoning Indus

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Compass.


© 2021 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 2021-12-03T13:02:06.047 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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Touchstone Group
2308 W North Avenue #C1
Chicago IL, 60647