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3235 N Central Avenue

Chicago, IL 60634
  • $400,000
  • STATUS: Active
  • ON SITE: 243 Days
  • MLS #: 11821933
UPDATED: 63 min ago
$400,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
County:

School Ratings & Info

Description

Seller Financing available & business only for sale. This turnkey restaurant/lounge is a must-see for anyone looking to enter or expand in the thriving culinary scene in Chicago, IL. This spacious newly buildout in 2022 business has an occupancy of 212 but seats currently 200 customers and offers a prime opportunity for dining-in and private events business to blossom. The business features two bars, perfect for serving a wide range of beverages and accommodating patrons efficiently, a VIP room dedicated to hosting get together to provide an exclusive and intimate experience, a full service commercial kitchen fully equipped & designed to handle high-volume operations and support diverse culinary offerings and a kitchen prep room, 12 flat screen TV's thoughtfully placed throughout the restaurant ensuring an immersive entertainment experience for guests, a dedicated DJ room complete with top-of-the-line equipment, allowing for seamless integration of live music and entertainment, a customer coat room for securing the guest's belongings and an employee lounge for hardworking staff to be able to take their breaks in comfort and a private managers office. The location also offers private parking with 22 parking spots available to ensure convenience for customers and available street parking on Central Ave and a timer electronic building sign which can be seen driving North or South on Central Ave. Business is currently closed. All Gross Revenue and Cash Flow Figures are Pro Forma Figures from having been open for 9 months. Lease Expires April 2026 with a 5-year option to extend. Seller of business has an option to purchase real estate which currently has a day care tenant in the second unit. Building is a total of 9,200 square feet with private parking and seller of business in only occupying one unit and current rent is $6,000 per month on a modified gross lease.

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© 2024 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 Keller Williams Success Realty. Based on information submitted to the MRED as of 2024-03-02T13:58:53.87 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.

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3235 N Central Avenue Chicago, IL 60634

  • Price: $400,000
  • Status: Active
  • On Site: 243 Days
  • Updated: 63 min ago
  • MLS #: 11821933
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Chi - Portage Park
County:
Cook
Area:
Chi - Portage Park
Property Description
Seller Financing available & business only for sale. This turnkey restaurant/lounge is a must-see for anyone looking to enter or expand in the thriving culinary scene in Chicago, IL. This spacious newly buildout in 2022 business has an occupancy of 212 but seats currently 200 customers and offers a prime opportunity for dining-in and private events business to blossom. The business features two bars, perfect for serving a wide range of beverages and accommodating patrons efficiently, a VIP room dedicated to hosting get together to provide an exclusive and intimate experience, a full service commercial kitchen fully equipped & designed to handle high-volume operations and support diverse culinary offerings and a kitchen prep room, 12 flat screen TV's thoughtfully placed throughout the restaurant ensuring an immersive entertainment experience for guests, a dedicated DJ room complete with top-of-the-line equipment, allowing for seamless integration of live music and entertainment, a customer coat room for securing the guest's belongings and an employee lounge for hardworking staff to be able to take their breaks in comfort and a private managers office. The location also offers private parking with 22 parking spots available to ensure convenience for customers and available street parking on Central Ave and a timer electronic building sign which can be seen driving North or South on Central Ave. Business is currently closed. All Gross Revenue and Cash Flow Figures are Pro Forma Figures from having been open for 9 months. Lease Expires April 2026 with a 5-year option to extend. Seller of business has an option to purchase real estate which currently has a day care tenant in the second unit. Building is a total of 9,200 square feet with private parking and seller of business in only occupying one unit and current rent is $6,000 per month on a modified gross lease.
Exterior Features

Outdoor Parking 19-30 Spaces Parking Total 23

Interior Features

Cooling Central AirCentral Individual Heat Ventilation Ceiling Units Miscellaneous Inside Common Meeting Room/sMulti-TenantPrivate Restroom/sStorage Inside

Property Features

Additional Parcels YN No Adjusted Net Income 9999999 Adjusted Net Income Year 2022 Annual Rent For Real Estate 72000 Building Area Total 9200 Business Age Less than 1 Year Business Type Bar/Tavern/LoungeRestaurantRetail Corporate Limits Chicago Electric Separate Meters Gross Profit Year 2022 Gross Sales Annual 9999999 Gross Sales Annual Year 2022 Location Central Business District Mls Actual Status Active Operating Expense 9999999 Ownership Type Individual Ownership Types Individual Possible Use CommercialLiquor LicenseRetail Property Offered For Sale or Rent Real Estate Included No Rental Price 13 Sale Price Includes BusinessEquipmentTrade FixturesInventoryCustomer ListOwner Will TrainLease Hold Interest Seller Needs New Opportunity Tax Annual Amount 9999999 Tax Year 2021 Tenant Pays Air ConditioningElectricityHeatSewerGas Type Bus / Bus w/Real Est Type Of Lease Gross LeaseRenewal OptionsPurchase Option Utilities Electric to SiteGas to SiteSanitary SewerWater to Site Zoning COMMR

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Commercial NRT: (312) 860-4043.


© 2024 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 Keller Williams Success Realty. Based on information submitted to the MRED as of 2024-03-02T13:58:53.87 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
 
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