1700 Lake Street

    Addison, IL 60101
    • $900,000
    • STATUS: Active Under Contract
    • ON SITE: 94 days
    • MLS #: 10452927
    Under Contract
    UPDATED: 43 min ago
    $900,000
    • 0
      BEDS
    • 1.0-1.99 Acres
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,400
      SQFT
    • $167
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    MAJOR PRICE REDUCTION. Rare opportunity to purchase a building that works as your new restaurant with he benefit of added income from the Craft Beer establishment next door. Now its your chance to continue the legacy of this successful location and start making money wit your own concept. Added rental revenue from the establishment next door makes this a no lose deal. Building is 5,400 sq. ft. Future redevelopment potential as well. All national chains, this is a great location to capture all important morning side traffic. Confidentiality Agreement will be required before any financials are disclosed.

    Monthly Payment Calculator



    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Baz Realty Network | Keller Williams Elite. Based on information submitted to the MRED as of 2019-10-19T10:51:34.043 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
    www.bazrealtynetwork.com/homes/96946970

    1700 Lake Street Addison, IL 60101

    • Price: $900,000
    • Status: Active Under Contract
    • Updated: 43 min ago
    • MLS #: 10452927
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.0-1.99 Acres
    Acres
    5,400
    SQFT
    $167
    $/SQFT
    Neighborhood:
    Addison
    County:
    DuPage
    Area:
    Addison
    Property Description
    MAJOR PRICE REDUCTION. Rare opportunity to purchase a building that works as your new restaurant with he benefit of added income from the Craft Beer establishment next door. Now its your chance to continue the legacy of this successful location and start making money wit your own concept. Added rental revenue from the establishment next door makes this a no lose deal. Building is 5,400 sq. ft. Future redevelopment potential as well. All national chains, this is a great location to capture all important morning side traffic. Confidentiality Agreement will be required before any financials are disclosed.
    Exterior Features

    Approx Land Sq Footage 3400 Lot Dimensions 117X398 Lot Sq Ft 47000 Number Of Parking Spaces 52

    Interior Features

    Air Conditioning Central Air Number Of Stories 1

    Property Features

    Adj Net Inc Expense Source Actual Adjusted Net Income 9999 Ann Rnt Expense Source Actual Annual Rent For Real Estate 9999 Business Age 11+ Years Business Type Food And BeverageRestaurant Contingency Flag Attorney/Inspection Corporate Limits Addison Cost Of Goods Expense Source Actual Cost Of Goods Sold 9999 Cost Of Goods Year 2019 Food Beverage Type Fast Food/Drive-InRestaurantDeliCateringCarry-Out Gross Payroll 9999 Gross Payroll Expense Source Actual Gross Payroll Year 2019 Gross Profit 99999 Gross Profit Expense Source Actual Gross Profit Year 2019 Gross Sales Ann Expense Source Actual Gross Sales Ann Year 2019 Gross Sales Annual 9999 Heat Ventilation Central Bldg HeatCentral Heat/Indiv ControlsElectric Inventory 9999 Inventory Expense Source Actual Inventory Year 2019 Known Encumbrances None Known Net Operating Income Year 2019 Net Profit 9999 Net Profit Source Actual Number Of Emp Full Time 3 Number Of Emp Part Time 6 Possession ClosingImmediateLease Back RequiredNegotiablePrior To Closing Property Offered For Sale Only Real Estate Included YN Yes Seating Capacity 41-50 Tax Year 2017 Taxes 28247 Tenant Pays Air ConditioningElectricHeatReal Property TaxesInsuranceRepairs And MaintenanceRoofScavengerStructureWater/SewerOtherVaries By TenantCooking Gas Total Op Exp Year 2019 Total Op Expense Source Actual Total Operating Expenses 9999 Type Of Lease Gross LeaseRight Of Refusal Unincorporated YN No

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Agent Realty Partners.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Baz Realty Network | Keller Williams Elite. Based on information submitted to the MRED as of 2019-10-19T10:51:34.043 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    Baz Realty Network | Keller Williams Elite
    4544 W. 103rd Street
    Oak Lawn IL, 60453