Listing ID11181422
Sold For$165,000
StatusClosed
Sold Date2/18/2022
SqFt
2,500
CountyCook
Property TypeBusiness Opportunity
Free standing Corner Building on busy 63rd Street- between Kedzie and California. 2500 sqft building with parking lot. Currently, the business operating as a fast food restaurant, which is included with sale. It will accommodate same type of use or for grocery store, convenience store or office space. Chicago Lawn area features diverse restaurants, shopping, high pedestrian foot traffic and great traffic count. Please be mindful and DO NOT disturb management or employees.
County
Cook
Property Type
Business Opportunity
Zoning
COMMR
Cooling
Central Air
Heat/Ventilation
Central Bldg Heat,Forced Air,Gas
Lot Size Dimensions
125X58
Lot Size Square Feet
7500
Stories
1
Approximate Land SqFt
2500
Construction Materials
Brick
Electric
Service - 201 to 600 Amps, Three Phase
Frontage Type
City Street
Leasable Area Units
Square Feet
Lot Size
Less Than .25 Acre
Outdoor Parking
13-18 Spaces,Fenced,Lighted,Private Lot
Parking Total
13
Roof
Membrane, Metal
Utilities
Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal
Location
Mixed Use Area,Public Transport Avail,Free Standing/Urban
Waterfront
no
Board Number
10
Business Age
11+ Years
Business Type
Food & Beverage, Restaurant
Current Use
Commercial
Food/Beverage Type
Fast Food/Drive-in,Restaurant
Information
Other-See Remarks,No Sign on Property
Inventory Expense Source
Owner Projection
Inventory Year
2020
Known Encumbrances
None Known
Market Code
Off-Market
Miscellaneous Inside
Private Restroom/s,Storage Inside
Status
Closed
Ownership Type
Land Trust
Possible Use
Commercial, Retail
Property Offered
For Sale Only
Real Estate Included
yes
Sale Price Includes
Land,Building,Business,Equipment,Business Name
Type Of Lease
None
Adjusted Net Income Expense Source
Owner Projection
Adjusted Net Income Year
2020
Annual Rental Expense Source
Owner Projection
Gross Annual Sales Expense Source
Owner Projection
Gross Sales Annual Year
2020
Net Operating Income Year
2020
Net Profit Source
Owner Projection
Ownership Type
Trust
Possession
Closing
Purchase Contract Date
2022-01-10T00:00:00+00:00
Sales Taxes Expense Source
Owner Projection
Sales Taxes Year
2020
Tax Annual Amount
12560
Tax Expense Source
Actual
Tax Year
2019
Tenant Pays
Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Roof, Scavenger, Sewer
Total Operating Expense per Year
2020
Total Operating Expense Source
Owner Projection
Similar Listings
Contact - Listing ID 11181422
Infiniti Properties
2401 West 183rd Street
Homewood, IL 60430
Phone: 708-206-3000
Phone Alt: 708-466-6275
Fax: 708-206-3003
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