2011 Damen Avenue

    Chicago, IL 60647
    • $70,000
    • STATUS: Active
    • ON SITE: 108 days
    • MLS #: 10370840
    UPDATED: 85 min ago
    $70,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,200
      SQFT
    • $13
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    Rarely available fully equipped and turn-key prime restaurant available in the heart of Bucktown. Located just north of the flourishing Armitage and Damen intersection. This property has operated popular local restaurants for over three decades. Current restaurant concept owner is selling all the equipment and fixtures anyone needs to open a new restaurant concept immediately. All the equipment is less than three years old. Property also features new bathroom, new HVAC, remodeled basement with office, new exhaust system and new roof. Open your own concept next door to trendy new and existing popular restaurants such as Luella's Gospel Bird, AMK Kitchen, Izakaya Mita, and Le Bouchon. The grandfathered in hanging street signage can easily be seen from intersection that has a traffic count of more than 30,000 vehicles per day. Also requires assumption of existing lease through March 30, 2021. Business name and concept are not included in the sale. Partial FF&E list in documents

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    © 2019 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 The Perotti Group | Compass Real Estate. Based on information submitted to the MRED as of 2019-08-24T19:50:56.473 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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    www.theperottigroup.com/homes/94505979

    2011 Damen Avenue Chicago, IL 60647

    • Price: $70,000
    • Status: Active
    • Updated: 85 min ago
    • MLS #: 10370840
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,200
    SQFT
    $13
    $/SQFT
    Neighborhood:
    Chi - Logan Square
    County:
    Cook
    Area:
    Chi - Logan Square
    Property Description
    Rarely available fully equipped and turn-key prime restaurant available in the heart of Bucktown. Located just north of the flourishing Armitage and Damen intersection. This property has operated popular local restaurants for over three decades. Current restaurant concept owner is selling all the equipment and fixtures anyone needs to open a new restaurant concept immediately. All the equipment is less than three years old. Property also features new bathroom, new HVAC, remodeled basement with office, new exhaust system and new roof. Open your own concept next door to trendy new and existing popular restaurants such as Luella's Gospel Bird, AMK Kitchen, Izakaya Mita, and Le Bouchon. The grandfathered in hanging street signage can easily be seen from intersection that has a traffic count of more than 30,000 vehicles per day. Also requires assumption of existing lease through March 30, 2021. Business name and concept are not included in the sale. Partial FF&E list in documents
    Exterior Features

    Approx Land Sq Footage 800 Lot Dimensions 48X126 Lot Sq Ft 6079 Number Of Parking Spaces 0

    Interior Features

    Air Conditioning Central Air Number Of Stories 3

    Property Features

    Adj Net Inc Expense Source Combination Adjusted Net Income 100000 Ann Rnt Expense Source Actual Annual Rent For Real Estate 38000 Business Age 1-3 Years Business Type Restaurant Cost Of Goods Expense Source Actual Cost Of Goods Sold 999 Cost Of Goods Year 2018 Current Use Commercial Electrical Service 101-200 Amps Gross Payroll 999 Gross Payroll Expense Source Combination Gross Payroll Year 2018 Gross Profit 100000 Gross Profit Expense Source Combination Gross Profit Year 2018 Gross Sales Ann Expense Source Actual Gross Sales Ann Year 2018 Gross Sales Annual 360000 Heat Ventilation Gas Inventory 999 Inventory Expense Source Combination Inventory Year 2018 Known Encumbrances None Known Lease Expires 2021-03-30T05:00:00 Net Operating Income Year 2018 Net Profit 100000 Net Profit Source Combination Possession Closing Property Offered For Sale Only Real Estate Included YN No Tax Year 2017 Taxes 18000 Tenant Pays ElectricHeatScavengerWater/SewerCooking Gas Total Op Exp Year 2018 Total Op Expense Source Owner Projection Total Operating Expenses 99999 Type Of Lease Gross Lease Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Be Realty, Llc.


    © 2019 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 The Perotti Group | Compass Real Estate. Based on information submitted to the MRED as of 2019-08-24T19:50:56.473 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
     
    The Perotti Group | Compass Real Estate
    1643 N Milwaukee
    Chicago IL, 60647