$2,200,000
Address not disclosed Confidential, IL 99999
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$2,200,000
Est. payment /mo
22,810 SqFt
Price Dropped by $300K
Address not disclosed Confidential, IL 99999
UPDATED:
09/26/2024 05:29 AM
Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active
Purchase Type For Sale
Square Footage 22,810 sqft
Price per Sqft $96
MLS Listing ID 12123978
Tax Year 2022
Lot Dimensions 73X125
Property Description
Exciting Investment Opportunity: Mixed-Use Property with Established Bar, Apartments, and Redevelopment Potential Discover a unique chance to acquire a thriving mixed-use property featuring a well-established bar, six residential apartments, and a five-car garage. This property has been home to a successful bar for over 40 years, demonstrating exceptional income potential and operational excellence. Key Features: Bar: Recently expanded to enhance the patron experience, the bar comfortably seats over 225 guests, making it perfect for large events and gatherings. The fully-equipped bar includes a walk-in basement for additional storage. Apartments: Six well-maintained residential units provide steady rental income. Garage: Five-car garage offering convenient parking. Redevelopment Opportunity: Potential to add two additional stories for more apartments, increasing income potential. Confidentiality Commitment: We ensure the highest standards of confidentiality. All interested parties will be carefully vetted. Financial disclosures and property showings will be conducted with discretion. Showings are by appointment only and will be arranged to respect the current ownership's schedule, ensuring minimal disruption to the business. Turnkey Solution: This property offers a turnkey solution for an owner-operator seeking a lucrative, well-established business with a significant market presence. For further details and to schedule a confidential viewing, please contact the listing agent at. Note that the listing agent must be present for all showings, with scheduling coordinated to accommodate the current ownership's privacy.
Location
State IL
County Cook
Area Confidential Commercial Listings
Zoning OTHER
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Bus / Bus w/Real Est
Level or Stories 3
Structure Type Brick,Concrete
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Andrzej Olszowka • Arc Red Inc Arc Realty Group
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