5,500 sq ft
Commercial: Retail/Stores - MLS# 12410088
Tools & Resources:
Description
Location, Location, Location!!! This established restaurant, bar, and nightclub on Archer Avenue in Garfield Ridge is a rare investment opportunity with a proven track record. Built and in business for 28 years, the venue offers seating for 150 people downstairs and 60 people upstairs. Known for it's elegant dining, great vibes, and ability to impress. This property is fully equipped with a DJ booth, fully operational kitchen, arcade games, and slot machines, making it a turnkey operation. All licensing able to be transferred with the sale include: Liquor, Food, Tobacco, and PPA (Public place of amusement). Located in a high-traffic area with strong visibility, this versatile space is ready to continue its legacy or evolve into something new. Ideal for seasoned operators or investors, this is a chance to own a thriving business in a vibrant neighborhood.
Features
- Property Type: Commercial
- Sub Type: Retail/Stores
- Listing Status: Active Under Contract
- County/Area: Cook County
- Zip Code: 60638
- Year Built: 1998
- Sq.Ft.: 5,500 sq ft
- Stories: 2
- Zoning: COMMR
- Building Area Total: 5500
- Cap Rate: 14
- Construction Materials: Brick
- Cooling: Central Air
- Directions: Central Ave to Archer Ave East to 5772
- Electric: Three Phase
- Fire Protection: Fire Extinguisher/s
- Gross Income: 24416
- Gross Scheduled Income: 293000
- Heat/Ventilation: Central Bldg Heat, Forced Air
- Information: 24-Hr Notice Required, List Broker Must Accompany
- Location: Corner, Mixed Use Area, Public Transport Avail, High Traffic Area
- Lot Size Square Feet: 4616
- Main Type: Commercial Sale
- Misc Inside: Accessible Entrance, Inside Corridor/s, Public Restroom/s, Skylight/s, Storage Inside
- Outdoor Parking: 6-12 Spaces
- Property Offered: For Sale Only
- Property Sub Type: Restaurant
- Rental Price: 138.16
- Tax Annual Amount: 29429
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Operating Stops, Taxes, Insurance, Repairs, Roof, Scavenger, Structure, Tax Stops, Sewer
- Total Monthly Income: 24416
- Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available
- Water Source: Municipal Water
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