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6601 W Archer Avenue

Chicago, IL 60638
  • $1,350,000
  • STATUS: Active
  • ON SITE: 160 Days
  • MLS #: 11306163
UPDATED: 54 min ago
$1,350,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
County:

School Ratings & Info

Description

Long time successful seafood restaurant in high traffic location. This operation has been in business for 30 plus years and now it's time to pass the baton to a new owner and for the the current owner to transition into retirement. The sale price includes the main 3000 SF building housing the restaurant and all equipment plus a fenced vacant lot 2 doors west which is used for storage and contains a freezer unit and storage containers. 2020 sales revenue was almost $800,000 as reported on the owners tax return. This is a turn key ongoing entity which includes training. Also included are income from gaming machines, the liquor license for beer and wine, all equipment, and inventory included at cost. Please feel free to stop by for a meal but refrain from talking to employees and customers. Business and Real Estate can be sold separately. Business price in this scenario would be $ 695,000. The price for the Real Estate including the main building and the storage lot 2 doors west would be $ 650,000 as well and is priced at a NNN rate of $6,000 per month. An installment sale may be possible and would be considered on a case by case basis.

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© 2022 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 Century 21 Affiliated. Based on information submitted to the MRED as of 2022-06-28T16:02:51.74 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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6601 W Archer Avenue Chicago, IL 60638

  • Price: $1,350,000
  • Status: Active
  • On Site: 160 Days
  • Updated: 54 min ago
  • MLS #: 11306163
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Chi - Garfield Ridge
County:
Cook
Area:
Chi - Garfield Ridge
Property Description
Long time successful seafood restaurant in high traffic location. This operation has been in business for 30 plus years and now it's time to pass the baton to a new owner and for the the current owner to transition into retirement. The sale price includes the main 3000 SF building housing the restaurant and all equipment plus a fenced vacant lot 2 doors west which is used for storage and contains a freezer unit and storage containers. 2020 sales revenue was almost $800,000 as reported on the owners tax return. This is a turn key ongoing entity which includes training. Also included are income from gaming machines, the liquor license for beer and wine, all equipment, and inventory included at cost. Please feel free to stop by for a meal but refrain from talking to employees and customers. Business and Real Estate can be sold separately. Business price in this scenario would be $ 695,000. The price for the Real Estate including the main building and the storage lot 2 doors west would be $ 650,000 as well and is priced at a NNN rate of $6,000 per month. An installment sale may be possible and would be considered on a case by case basis.
Exterior Features

Frontage Type City Street Lot Size Less Than .25 Acre Outdoor Parking 6-12 Spaces Parking Total 3 Roof Membrane Waterfront YN No

Interior Features

Cooling Central Air Heat Ventilation Central Bldg HeatForced AirGas

Property Features

Additional Parcels YN Yes Adjusted Net Income 0 Adjusted Net Income Year 2020 Annual Rent For Real Estate 0 Building Area Total 3000 Business Age 11+ Years Business Type Restaurant Corporate Limits Chicago Electric Service - 201 To 600 Amps Gross Profit Year 2020 Gross Sales Annual 773000 Gross Sales Annual Year 2020 Location Mixed Use AreaFree Standing/Urban Mls Actual Status Active Operating Expense 0 Ownership Types Condo Possible Use CommercialLiquor LicenseRetail Property Offered For Sale Only Real Estate Included Yes Sale Price Includes LandBuildingBusinessLicense/PermitEquipmentTrade FixturesOwner Will TrainCov Not To CompetePhone NumberBusiness NameKey Money/Good Will Seller Needs CashNew OpportunityOut Of Management Tax Annual Amount 12009 Tax Year 2020 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceOperating StopsTaxesInsuranceRepairsRoofScavengerStructureTax StopsSewerGas Type Bus / Bus W/Real Est Type Of Lease None Utilities Electric To SiteGas To SiteSanitary SewerSewer-Storm AvailableWater-MunicipalWater To Site Zoning Rtail

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Re/Max Action.


© 2022 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 Century 21 Affiliated. Based on information submitted to the MRED as of 2022-06-28T16:02:51.74 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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