10507 Ridgeland Avenue

    Chicago Ridge, IL 60415
    • $900,000
    • STATUS: Active
    • ON SITE: 154 days
    • MLS #: 09855548
    UPDATED: 36 min ago
    $900,000
    • 0
      BEDS
    • .50-.99 Acre
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,000
      SQFT
    • $64
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    Business is being sold with the real estate. Business is established with over 40 years in the community. Owner is retiring. Completely turn key with lots of upside to the right operator.

    Monthly Payment Calculator



    © 2018 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 the MLS or Domain Realty. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Domain Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2018-07-17T14:55:15.18.

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    www.lookinginchicago.com/homes/80717354

    10507 Ridgeland Avenue Chicago Ridge, IL 60415

    • Price: $900,000
    • Status: Active
    • Updated: 36 min ago
    • MLS #: 09855548
    0
    Beds
    0
    Baths
    0
    ½ Baths
    .50-.99 Acre
    Acres
    14,000
    SQFT
    $64
    $/SQFT
    Neighborhood:
    Chicago Ridge
    County:
    Cook
    Area:
    Chicago Ridge
    Property Description
    Business is being sold with the real estate. Business is established with over 40 years in the community. Owner is retiring. Completely turn key with lots of upside to the right operator.
    Exterior Features

    Approx Land Sq Footage 12000 Construction Brick Frontage Access City Street Location Mixed Use Area Lot Dimensions 200*90 Lot Sq Ft 18000 Number Of Parking Spaces 15 Roof Coverings Shingle Composition Waterfront YN No

    Interior Features

    Air Conditioning Central Air Miscellaneous Inside Handicapped AccessHandicapped Equip Washroom/SPublic Restroom/S Number Of Stories 1 Outdoor Parking 13-18 Spaces

    Property Features

    Adj Net Inc Expense Source Owner Projection Adjusted Net Income 85000 Ann Rnt Expense Source Owner Projection Annual Rent For Real Estate 36000 Business Age 11+ Years Business Type Bar/Lounge/Nite ClubFood And BeverageRestaurant Corporate Limits Chicago Ridge Cost Of Goods Expense Source Owner Projection Cost Of Goods Sold 165000 Cost Of Goods Year 2017 Current Use Commercial Electrical Service 201-600 Amps Food Beverage Type RestaurantPizza ParlorCarry-Out Gross Payroll 80000 Gross Payroll Expense Source Owner Projection Gross Payroll Year 2017 Gross Profit 65000 Gross Profit Expense Source Owner Projection Gross Profit Year 2017 Gross Sales Ann Expense Source Owner Projection Gross Sales Ann Year 2017 Gross Sales Annual 400000 Heat Ventilation Central Bldg Heat Inventory 18000 Inventory Expense Source Owner Projection Inventory Year 2017 Known Encumbrances None Known Lease Expires 2035-12-31T06:00:00 Living Quarters None Miscellaneous Outside PatioSecurity SystemTenant Signage Net Operating Income Year 2017 Net Profit 15000 Net Profit Source Owner Projection Number Of Emp Full Time 8 Number Of Emp Part Time 4 Possession Closing Potential Use CommercialLiquor LicenseRetail Property Offered For Sale Only Proprietary Info AppraisalFurniture/Fix/Equip ListSurvey ExistingTax BillTax Returns Real Estate Included YN Yes Sale Terms Conventional Seating Capacity 41-50 Seller Will Train Tax Year 2016 Taxes 24000 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatJanitorial Total Op Exp Year 2017 Total Op Expense Source Owner Projection Total Operating Expenses 385000 Type Of Lease None Type Ownership Business Corporation Unincorporated YN No Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater-Municipal Zoning Type Commr

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of Keller Williams Inspire.


    © 2018 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 the MLS or Domain Realty. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Domain Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2018-07-17T14:55:15.18.

    Digital Millennium Copyright Act
     
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    Chicago IL, 60647