$900,000
$1,150,000
21.7%For more information regarding the value of a property, please contact us for a free consultation.
3,000 SqFt
SOLD DATE : 05/16/2023
Key Details
Sold Price $900,000
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Sold
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $300
MLS Listing ID 11608906
Sold Date 05/16/23
Annual Tax Amount $12,009
Tax Year 2020
Lot Dimensions 33 X 125
Property Sub-Type Bus / Bus w/Real Est
Property Description
Long time successful seafood restaurant in high traffic location. This operation has been in business for 30 plus years and now it's time to pass the baton to a new owner and for the the current owner to transition into retirement. The sale price includes the main 3000 SF building housing the restaurant and all equipment plus a fenced vacant lot 2 doors west which is used for storage and contains a freezer unit and storage containers plus a a converted shipping container housing "Archer Dogs" (hot dog stand) which will be ready and licensed to operate shortly. 2020 and 2021 sales revenues were at or near $750,000 as reported on the owners tax return. 2022 sales are looking to be in the same range showing consistent and dependable returns. This is a turn key ongoing entity which includes training. Also included are income from gaming machines, the liquor license for beer and wine, all equipment (including the hot dog stand), and inventory included at cost. Please feel free to stop by for a meal but refrain from talking to employees and customers. Business and Real Estate can be sold separately. Business price in this scenario would be $ 695,000. The price for the Real Estate including the main building and the storage lot 2 doors west would be $ 600,000. An installment sale may be possible and would be considered on a case by case basis.
Location
State IL
County Cook
Area Chi - Garfield Ridge
Zoning RTAIL
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Sewer-Storm Available, Water-Municipal, Water to Site
Roof Type Membrane
Building
Level or Stories 1
Structure Type Brick
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Bought with Yiselle Bryce • RE/MAX 1st Service
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