Address Not Available By Request

    Joliet, IL 60435
    • $2,200,000
    • STATUS: Active
    • ON SITE: 175 days
    • MLS #: 10585464
    UPDATED: 104 min ago
    $2,200,000
    • 0
      BEDS
    • .50-.99 Acre
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,000
      SQFT
    • $183
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    For Sale Real Estate and Business. Most famous steakhouse-bar-banquets in Will County. Established since 1973. 46 years in business. Owner retiring. Completely remodeled in 2005 more than $750,000 in remodeling-real $$$ maker. $3,000,000 in sales. Cash flow $350,000 a year verifiable with three (3) years Federal Income Tax Returns and Profit & Loss Statements. Highly confidential. Qualified buyers only. Must sign confidentiality agreement and have proof of funds. Free standing 12,000 SF building, seats 400+/-, 32,641 SF lot plus additional parking lot of 52,262 SF rented at $4,250 per month, total available 84,903 SF, parks 130+/-. This business with Real Estate qualifies for an ASBA loan with ten (10%) down. Hot!! Hot!!

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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 2020-05-26T23:49:46.87 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/101419315

    Address Not Available By Request Joliet, IL 60435

    • Price: $2,200,000
    • Status: Active
    • Updated: 104 min ago
    • MLS #: 10585464
    0
    Beds
    0
    Baths
    0
    ½ Baths
    .50-.99 Acre
    Acres
    12,000
    SQFT
    $183
    $/SQFT
    Neighborhood:
    Joliet
    County:
    Will
    Area:
    Joliet
    Property Description
    For Sale Real Estate and Business. Most famous steakhouse-bar-banquets in Will County. Established since 1973. 46 years in business. Owner retiring. Completely remodeled in 2005 more than $750,000 in remodeling-real $$$ maker. $3,000,000 in sales. Cash flow $350,000 a year verifiable with three (3) years Federal Income Tax Returns and Profit & Loss Statements. Highly confidential. Qualified buyers only. Must sign confidentiality agreement and have proof of funds. Free standing 12,000 SF building, seats 400+/-, 32,641 SF lot plus additional parking lot of 52,262 SF rented at $4,250 per month, total available 84,903 SF, parks 130+/-. This business with Real Estate qualifies for an ASBA loan with ten (10%) down. Hot!! Hot!!
    Exterior Features

    Approx Land Sq Footage 12000 Construction Concrete Frontage Access City Street Land Amenities Other Location Central Business DistrictCornerFree Standing/Urban Lot Dimensions 270 X 100 X 36.14 X 240 X 120 Lot Sq Ft 32641 Number Of Parking Spaces 130 Roof Coverings Rubber

    Interior Features

    Air Conditioning Central Air Miscellaneous Inside Handicapped AccessHandicapped Equip Washroom/SPrivate Restroom/SPublic Restroom/SLaundry Room Number Of Stories 1 Outdoor Parking Over 100 SpacesOther

    Property Features

    Adj Net Inc Expense Source Owner Projection Adjusted Net Income 0 Ann Rnt Expense Source Owner Projection Annual Rent For Real Estate 0 Business Age 11+ Years Business Name Steakhouse-Bar-Banquets Business Type Bar/Lounge/Nite ClubFood And BeverageRestaurantOther Corporate Limits Joliet Cost Of Goods Expense Source Owner Projection Cost Of Goods Sold 0 Cost Of Goods Year 2018 Current Use Commercial Electrical Service Over 600 Amps Food Beverage Type RestaurantBanquetCateringOtherCarry-OutFine Dining Gross Payroll 0 Gross Payroll Expense Source Owner Projection Gross Payroll Year 2018 Gross Profit 0 Gross Profit Expense Source Owner Projection Gross Profit Year 2018 Gross Sales Ann Expense Source Owner Projection Gross Sales Ann Year 2018 Gross Sales Annual 0 Heat Ventilation Forced Air Inventory 0 Inventory Expense Source Owner Projection Inventory Year 2018 Known Encumbrances None Known Lease Type N/A Living Quarters None Miscellaneous Outside Handicapped AccessOther Net Operating Income Year 2018 Net Profit 0 Net Profit Source Owner Projection Number Of Emp Full Time 6 Number Of Emp Part Time 6 Possession Closing Potential Use CommercialRetailOther Property Offered For Sale Only Proprietary Info DemographicsFurniture/Fix/Equip ListSurvey Existing Real Estate Included YN Yes Sale Terms Conventional Seating Capacity 100+ Seller Will Other Tax Year 2018 Taxes 45670 Tenant Pays Air ConditioningElectricHeatReal Property TaxesInsuranceScavengerWater/SewerCooking Gas Total Op Exp Year 2018 Total Op Expense Source Owner Projection Total Operating Expenses 0 Type Of Lease None Type Ownership Business Corporation Utilities To Site Electric To SiteGas To SiteWater To Site Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Coldwell Banker Residential.


    © 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 2020-05-26T23:49:46.87 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