$170,000
$199,000
14.6%For more information regarding the value of a property, please contact us for a free consultation.
3,492 SqFt
SOLD DATE : 12/17/2018
Key Details
Sold Price $170,000
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Sold
Purchase Type For Sale
Square Footage 3,492 sqft
Price per Sqft $48
MLS Listing ID 09840558
Sold Date 12/17/18
Tax Year 2016
Lot Dimensions 25 X 120
Property Sub-Type Bus / Bus w/Real Est
Property Description
Fine Dining Italian Restaurant For Sale-Sublease, Liquor License & all FFE Included! 1,200 Sq Ft restaurant w/incidental liquor license & under market lease rate in heart of Wicker Park. High-visibility Division St location w/avg traffic of over 12,900 VPD. Acclaimed business w/4 Michelin Guide recommendations, 4 OpenTable Diners' Choice Awards, a Zagat Rating, renowned menu, regular clientele & seasoned management/staff of 12 to remain following sale. Built out w/high-end finishes incl hardwood floors, full bar w/custom millwork, floor-to-ceiling storefront windows, high ceilings & exposed brick/ductwork. Fully-equipped kitchen w/black iron, 2 bathrooms, large front patio on double-wide sidewalk, full basement w/prep kitchen & employee parking in rear (for 6 cars). Sublease w/under market rents for 2 upstairs apts (one 2-Bed/2-Bath & one 3-Bed/2-Bath) ALSO INCLUDED in sale. Gross revenue of $800,000+, EBITDA of $182,000 & excellent ROI w/under 2-year payback = TRUE TURNKEY INVESTMENT!
Location
State IL
County Cook
Area Confidential Commercial Listings
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Level or Stories 3
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Bought with Miller Chicago LLC
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