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Address Not Available By Request

Chicago, IL 60661
  • $325,000
  • STATUS: Active
  • ON SITE: 139 Days
  • MLS #: 11628150
UPDATED: 87 min ago
$325,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
County:

School Ratings & Info

Description

This corner West Loop location has been an area favorite for over a decade. The approximately 3,000 square foot business has an interior occupancy of 99 with additional outdoor seating. The business sale would include an assignment of the below market lease ($32.00 psf), as well as a transfer of the entity that holds the licences and a transfer of all of the in place FF&E. This location can continue as it is or could easily be adjusted to account for a number of different hospitality concepts with limited capital expense. This is an operating business, all brokers and clients must execute an NDA prior to receiving specific details on the business and its operations.

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© 2023 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 2023-01-30T23:57:46.487 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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Address Not Available By Request Chicago, IL 60661

  • Price: $325,000
  • Status: Active
  • On Site: 139 Days
  • Updated: 87 min ago
  • MLS #: 11628150
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Chi - Near West Side
County:
Cook
Area:
Chi - Near West Side
Property Description
This corner West Loop location has been an area favorite for over a decade. The approximately 3,000 square foot business has an interior occupancy of 99 with additional outdoor seating. The business sale would include an assignment of the below market lease ($32.00 psf), as well as a transfer of the entity that holds the licences and a transfer of all of the in place FF&E. This location can continue as it is or could easily be adjusted to account for a number of different hospitality concepts with limited capital expense. This is an operating business, all brokers and clients must execute an NDA prior to receiving specific details on the business and its operations.
Exterior Features

Frontage Type City Street Parking Total 0 Waterfront YN No

Interior Features

Cooling Zoned Heat Ventilation Forced Air Miscellaneous Inside Handicapped AccessHandicapped Equip Washroom/SPublic Restroom/SStorage Inside

Property Features

Additional Parcels YN No Adjusted Net Income 999 Adjusted Net Income Year 2021 Annual Rent For Real Estate 66000 Building Area Total 21000 Business Age 11+ Years Business Type Bar/Tavern/LoungeFood & BeverageRestaurant Corporate Limits Chicago Current Use Commercial Electric Service - 201 To 600 Amps Gross Profit Year 2021 Gross Sales Annual 999 Gross Sales Annual Year 2021 Location Central Business DistrictMixed Use Area Mls Actual Status Active Operating Expense 999 Ownership Types Corporation Possible Use CommercialLiquor License Property Offered For Sale Only Real Estate Included No Sale Price Includes BusinessLicense/PermitEquipmentTrade FixturesBusiness Name Tax Annual Amount 12228 Tax Year 2020 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceTaxesScavenger Type Bus / Bus W/Real Est Type Of Lease Net LeaseBase + % Lease Utilities Electric To SiteGas To SiteSanitary SewerWater To Site Zoning Commr

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Sperry Van Ness: 312-676-1866.


© 2023 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 2023-01-30T23:57:46.487 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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Touchstone Group
2308 W North Avenue #C1
Chicago IL, 60647