BUSINESS OPPORTUNITY

Retail-Commercial for Sale
Catylist Listing ID: 30182273
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 5,000 SF
Gross Building Area: See Agent
Gross Land Area: 3.55 Acres
Sale Price: $550,000
Unit Price: $110 PSF
Ceiling: 8 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/23/2018

Overview / Comments

FULLY EQUIPPED - INCLUDES FURNITURE FIXTURES, EQUIPMENT AND SUPPLIES. VIDEO GAMING; NEW OUTSIDE SERVICE BAR, DECK WITH AWNING. NEW HOOD/FIRE SYSTEM IN KITCHEN, 1,000 GALLON GREASE TRAP, 2 COOLERS, DRAFT BEER SYSTEM, NEWER FURNACE, AND CAMERA SYSTEM. 2 BEDROOM HOUSE ON PROPERTY CURRENTLY RENTED FOR $850.00/MONTH. OWNER WILL ASSIST IN TRANSITION.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $8,848 (Annual)
Tax Value Land $17,241
Tax Value Improvements $73,344
Assessed Value - Total($) $90,585 (Annual)

Additional Details

Nearest MSA: Rochelle
County: Ogle
Tax ID/APN: 11-18-300-002, 11-18-300-003
Zoning: B-1
Feet of Frontage: 640
Number of Stories: 1
Year Built: 1975
Parking Type: Surface
Parking Description: BLACKTOP / GRAVEL
Zoning Description: COMMERCIAL

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,519 1,519 11,646
Median Age: 39.64 39.64 39.38
Households: 579 579 4,242

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