3121 48th Court

    Cicero, IL 60804
    • $3,550,000
    • STATUS: Active
    • ON SITE: 132 days
    • MLS #: 10044594
    Price Reduced
    UPDATED: 37 min ago
    $3,550,000
    • 0
      BEDS
    • 1.0-1.99 Acres
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 24,000
      SQFT
    • $148
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    European American Banquet Hall has been a family owned and operated banquet hall in Cicero since 1991. At this time the owner is retiring and both the property and the business are for sale. The property consists of 2 banquet halls, full kitchen, 2 bars, walking cooler, tables, chairs, and much more. The big hall holds between 860 and 1,380 people, depending on occasion. The small hall holds 300+ people. This has been the spot in Cicero for weddings, concerts, bingo, and all other occasions. The hall needs minor cosmetic updating but has good bones and is fully operational. There are many booked weddings and other parties. The hall is approved for gaming machines, which were installed a few months ago, and bring extra income. Great property to purchase and run the business as there are not many properties of this size in the area. Plenty of parking (over 1 acre).

    Monthly Payment Calculator



    © 2018 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 the MLS or Baz Realty Network | Keller Williams Preferred Realty. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Baz Realty Network | Keller Williams Preferred Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2018-12-18T13:51:04.47.

    Digital Millennium Copyright Act
    www.bazrealtynetwork.com/homes/86356920

    3121 48th Court Cicero, IL 60804

    • Price: $3,550,000
    • Status: Active
    • Updated: 37 min ago
    • MLS #: 10044594
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.0-1.99 Acres
    Acres
    24,000
    SQFT
    $148
    $/SQFT
    Neighborhood:
    Cicero
    County:
    Cook
    Area:
    Cicero
    Property Description
    European American Banquet Hall has been a family owned and operated banquet hall in Cicero since 1991. At this time the owner is retiring and both the property and the business are for sale. The property consists of 2 banquet halls, full kitchen, 2 bars, walking cooler, tables, chairs, and much more. The big hall holds between 860 and 1,380 people, depending on occasion. The small hall holds 300+ people. This has been the spot in Cicero for weddings, concerts, bingo, and all other occasions. The hall needs minor cosmetic updating but has good bones and is fully operational. There are many booked weddings and other parties. The hall is approved for gaming machines, which were installed a few months ago, and bring extra income. Great property to purchase and run the business as there are not many properties of this size in the area. Plenty of parking (over 1 acre).
    Exterior Features

    Approx Land Sq Footage 24000 Lot Dimensions 616 X 125 Lot Sq Ft 77040 Number Of Parking Spaces 150

    Interior Features

    Air Conditioning Central Air Number Of Stories 1

    Property Features

    Adj Net Inc Expense Source Combination Adjusted Net Income 0 Ann Rnt Expense Source Combination Annual Rent For Real Estate 0 Business Age 11+ Years Business Type Other Corporate Limits Cicero Cost Of Goods Expense Source Combination Cost Of Goods Sold 0 Cost Of Goods Year 2017 Food Beverage Type Banquet Gross Payroll 0 Gross Payroll Expense Source Combination Gross Payroll Year 2017 Gross Profit 0 Gross Profit Expense Source Combination Gross Profit Year 2017 Gross Sales Ann Expense Source Combination Gross Sales Ann Year 2017 Gross Sales Annual 0 Heat Ventilation Forced Air Inventory 0 Inventory Expense Source Combination Inventory Year 2016 Known Encumbrances None Known Net Operating Income Year 2017 Net Profit 0 Net Profit Source Combination Possession Closing Property Offered For Sale Only Real Estate Included YN Yes Tax Year 2016 Taxes 83626 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatJanitorialReal Property TaxesInsuranceRepairs And MaintenanceRoofScavengerStructureTax StopsWater/SewerOtherCooking Gas Total Op Exp Year 2017 Total Op Expense Source Combination Total Operating Expenses 0 Type Of Lease None Zoning Type Commr

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of Frontage Realty.


    © 2018 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 the MLS or Baz Realty Network | Keller Williams Preferred Realty. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Baz Realty Network | Keller Williams Preferred Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2018-12-18T13:51:04.47.

    Digital Millennium Copyright Act
     
    Baz Realty Network | Keller Williams Preferred Realty
    16101 108th Avenue
    Orland Park IL, 60467