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    1600 S Bell School Road

    Cherry Valley, IL 61016
    • $649,000
    • STATUS: Active
    • ON SITE: 23 days
    • MLS #: 10931397
    UPDATED: 225 min ago
    $649,000
    • 0
      BEDS
    • 1.94
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,000
      SQFT
    • $93
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    Excellent opportunity to buy an existing fully equipped restaurant with a large parking lot so close to Cherry Valley Mall and many surrounding fine retailers. Located near the intersection of Cherry Valley Rd & S. Bell School Rd in Cherry Valley. The restaurant has seating capacity of 145 as well as a full basement for parties/private events, private dining room, main dining room full bar and video gaming license with two patios. Owners have recently upgraded the HVAC system to include a new 25 ton unit. It is located on 1.94 acres including a 90 car parking lot!! Ownership is willing to lease the restaurant fully equipped and or sell it. Owners have enjoyed 25 years at this location and are ready to sell or lease to a qualified buyer/tenant. Please be confidential as the business is still operating and contact the listing agent for all showings!!

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    © 2020 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 Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2020-12-04T23:52:15.643 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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    1600 S Bell School Road Cherry Valley, IL 61016

    • Price: $649,000
    • Status: Active
    • Updated: 225 min ago
    • MLS #: 10931397
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.94
    Acres
    7,000
    SQFT
    $93
    $/SQFT
    Neighborhood:
    Cherry Valley / Irene
    County:
    Winnebago
    Area:
    Cherry Valley / Irene
    Property Description
    Excellent opportunity to buy an existing fully equipped restaurant with a large parking lot so close to Cherry Valley Mall and many surrounding fine retailers. Located near the intersection of Cherry Valley Rd & S. Bell School Rd in Cherry Valley. The restaurant has seating capacity of 145 as well as a full basement for parties/private events, private dining room, main dining room full bar and video gaming license with two patios. Owners have recently upgraded the HVAC system to include a new 25 ton unit. It is located on 1.94 acres including a 90 car parking lot!! Ownership is willing to lease the restaurant fully equipped and or sell it. Owners have enjoyed 25 years at this location and are ready to sell or lease to a qualified buyer/tenant. Please be confidential as the business is still operating and contact the listing agent for all showings!!
    Exterior Features

    Approx Land Sq Footage 7000 Parking Total 90

    Interior Features

    Cooling Central AirExhaust Fan Heat Ventilation Central Heat/Indiv ControlsForced AirGas Seating Capacity 100+

    Property Features

    Additional Parcels YN No Adj Net Income Year 2020 Adjusted Net Income 0 Annual Rent For Real Estate 0 Business Age 11+ Years Business Type Bar/Tavern/LoungeFood & BeverageRestaurantRetailOther Corporate Limits Cherry Valley Cost Of Goods Sold 0 Cost Of Goods Year 2020 Food Beverage Type RestaurantBanquetCateringEthnicCarry-OutGrill General Information 24-Hr Notice RequiredList Broker Must AccompanyNo Sign On PropertyAfter Hours OnlyHighly Confidential Gross Payroll 0 Gross Payroll Year 2020 Gross Profit 0 Gross Profit Year 2020 Gross Sales Ann Year 2020 Gross Sales Annual 0 Inventory 0 Inventory Year 2020 Known Encumbrances None Known Leaseable Area Units Square Feet Living Quarters None Lot Size 1.0-1.99 Acres Lot Size Dimensions 1.94 Net Operating Income Year 2020 Net Profit 0 Non- Disclosure Agreement Required YN No Operating Expense 0 Ownership Type1 Individual Possible Use CommercialLiquor LicenseNon ConformingRetailSpecial Use Property Offered For Sale Only Real Estate Included YN Yes Sale Includes LandBuildingLicense/PermitEquipmentTrade FixturesCustomer ListOwner Will TrainCov Not To CompetePhone NumberBusiness Name Sales Taxes 0 Sales Taxes Year 2020 Tax Annual Amount 14149 Tax Year 2019 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatTaxesInsuranceRepairsRoofScavengerStructureOtherGas Total Operating Expenses Year 2020 Type Bus / Bus W/Real Est Type Of Lease None

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Arni Realty Incorporated.


    © 2020 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 Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2020-12-04T23:52:15.643 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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    4112C Fieldstone Road
    Champaign IL, 61822