RETAIL IN CHICAGO

Retail-Commercial for Sale
Catylist Listing ID: 30362106
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 3,925 SF
Gross Building Area: See Agent
Sale Price: $384,900
Unit Price: $98.06 PSF
Property Use Type: Vacant/Owner-User, Business
Building Name: LONCAR'S
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/21/2018

Overview / Comments

OPPORTUNITY TO OWN A LONG STANDING RESTAURANT WITH BAR & LIQUOR STORE IN SOUTH CHICAGO. PRICE INCLUDES BUSINESS WITH REAL ESTATE AND ALL FURNITURE, FIXTURES, INVENTORY AND EQUIPMENT. EVERYTHING WILL STAY. A LIST OF THE EQUIPMENT IS AVAILABLE. THE 2nd FLOOR HAS APARTMENT THAT OWNERS CAN LIVE IN OR RENT OUT. THE BOILER IS ONLY 6 YEARS OLD, TANKLESS WATER HEATER IN 2015 & GREASE TRAP IS LESS THAN ONE YEAR OLD. BUILDING HAS A FULL BASEMENT THAT IS USED FOR STORAGE. RESTAURANT SEATS 55 CUSTOMERS. OPEN 7 DAYS A WEEK.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $4,945 (Annual)

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Cook
Tax ID/APN: 26064130010000
Zoning: C1-2
Retail Clientele: Business
Property Located Between: LAKE SHORE DR. & CHICAGO SKYWAY
Property Visibility: Excellent
Largest Nearby Street: LAKE SHORE DRIVE
Feet of Frontage: 25
Highway Access: MINUTES FROM CHICAGO EXPRESSWAY'S
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Fair
Roof Type: Flat
Construction/Siding: Brick
Sprinklers: None
Heat Type: Natural Gas, Hot Water
Heat Source: Baseboard, Central
Air Conditioning: Engineered System
Zoning Description: ZONING ALLOWS FOR BUSINESS, OFFICE AND COMMERCIAL USES.
Lot Frontage: 25
Lot Depth: 135
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,516 161,372 393,629
Median Age: 31.86 36.91 36.26
Households: 8,638 62,352 151,551

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