5772 Archer Avenue

    Chicago, IL 60638
    • $1,300,000
    • STATUS: Active
    • ON SITE: 103 days
    • MLS #: 10446437
    UPDATED: 40 min ago
    $1,300,000
    • 0
      BEDS
    • Less Than .25 Acre
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,500
      SQFT
    • $236
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    Don't miss this highly profitable restaurant, nightclub and banquet facility located in the southwest Chicago area of Garfield Ridge. The location has an excellent following with a great clientele base. The building was built in 1996 specifically as a restaurant, nightclub and banquet facility. The facility receives great YELP reviews. The building has seating for 95 and more capacity for standing clients. With 20' ceilings in the restaurant area there are 3 full service bars, DJ booth with equipment, gaming machines, full service restaurant with kitchen, dance floor, VIP lounge, gaming room and mezzanine. The building is brick and block. The interior was remodeled and updated 3 years ago. The location has great exposure with traffic counts of over 28,700 vehicles per day. There are great demographics to support the business. The building is blocks from Midway and minutes from I-55. This is a fantastic opportunity to own a fully operational and very profitable successful enterprise.

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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 Mattz Mega Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2019-10-22T13:52:32.44 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.themattzgroup.com/homes/96755814

    5772 Archer Avenue Chicago, IL 60638

    • Price: $1,300,000
    • Status: Active
    • Updated: 40 min ago
    • MLS #: 10446437
    0
    Beds
    0
    Baths
    0
    ½ Baths
    Less Than .25 Acre
    Acres
    5,500
    SQFT
    $236
    $/SQFT
    Neighborhood:
    Chi - Garfield Ridge
    County:
    Cook
    Area:
    Chi - Garfield Ridge
    Property Description
    Don't miss this highly profitable restaurant, nightclub and banquet facility located in the southwest Chicago area of Garfield Ridge. The location has an excellent following with a great clientele base. The building was built in 1996 specifically as a restaurant, nightclub and banquet facility. The facility receives great YELP reviews. The building has seating for 95 and more capacity for standing clients. With 20' ceilings in the restaurant area there are 3 full service bars, DJ booth with equipment, gaming machines, full service restaurant with kitchen, dance floor, VIP lounge, gaming room and mezzanine. The building is brick and block. The interior was remodeled and updated 3 years ago. The location has great exposure with traffic counts of over 28,700 vehicles per day. There are great demographics to support the business. The building is blocks from Midway and minutes from I-55. This is a fantastic opportunity to own a fully operational and very profitable successful enterprise.
    Exterior Features

    Approx Land Sq Footage 5500 Construction Brick Frontage Access City Street Location CornerMixed Use Area Lot Dimensions 47X128X16X125 Lot Sq Ft 4616 Number Of Parking Spaces 15

    Interior Features

    Air Conditioning Central Air Miscellaneous Inside Handicapped AccessInside Corridor/SPublic Restroom/SSkylight/SStorage Inside Number Of Stories 2 Outdoor Parking 6-12 Spaces

    Property Features

    Adj Net Inc Expense Source Owner Projection Adjusted Net Income 0 Ann Rnt Expense Source Owner Projection Annual Rent For Real Estate 0 Business Age 11+ Years Business Name Orion Business Type Bar/Lounge/Nite ClubFood And BeverageRestaurant Corporate Limits Chicago Cost Of Goods Expense Source Owner Projection Cost Of Goods Sold 0 Cost Of Goods Year 2019 Food Beverage Type RestaurantBanquet Gross Payroll 0 Gross Payroll Expense Source Owner Projection Gross Payroll Year 2019 Gross Profit 0 Gross Profit Expense Source Owner Projection Gross Profit Year 2019 Gross Sales Ann Expense Source Owner Projection Gross Sales Ann Year 2019 Gross Sales Annual 0 Heat Ventilation Central Bldg HeatForced Air Inventory 0 Inventory Expense Source Owner Projection Inventory Year 2019 Known Encumbrances Other Miscellaneous Outside Handicapped Access Net Operating Income Year 2019 Net Profit 0 Net Profit Source Owner Projection Possession ClosingNegotiable Potential Use CommercialLiquor LicenseOffice And Research Property Offered For Sale Only Proprietary Info Aerial MapBalance SheetDemographicsTax BillTraffic Counts Real Estate Included YN Yes Tax Year 2018 Taxes 21464 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatJanitorialOperating StopsReal Property TaxesInsuranceRepairs And MaintenanceRoofScavengerStructureTax StopsWater/Sewer Total Op Exp Year 2019 Total Op Expense Source Owner Projection Total Operating Expenses 0 Type Of Lease None Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater-MunicipalWater To Site Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Baird & Warner.


    © 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 Mattz Mega Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2019-10-22T13:52:32.44 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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