Chicago, IL 60638,6601 W Archer AVE
Chicago, IL 60638,6601 W Archer AVE
Chicago, IL 60638,6601 W Archer AVE
Chicago, IL 60638,6601 W Archer AVE
Chicago, IL 60638,6601 W Archer AVE
Chicago, IL 60638,6601 W Archer AVE
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$900,000

$1,150,000

21.7%
Est.Price: ?

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Est. payment /mo

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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Midwest Real Estate Data (MRED) IDX
Listed by John Gillespie • RE/MAX Action
Bought with Yiselle Bryce • RE/MAX 1st Service
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