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    2011 N Damen Avenue

    Chicago, IL 60647
    • $75,000
    • STATUS: Active
    • ON SITE: 569 days
    • MLS #: 10370840
    UPDATED: 63 min ago
    $75,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,200
      SQFT
    • $14
      $/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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    © 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 2020-11-27T19:51:59.803 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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    2011 N Damen Avenue Chicago, IL 60647

    • Price: $75,000
    • Status: Active
    • Updated: 63 min ago
    • MLS #: 10370840
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    5,200
    SQFT
    $14
    $/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 Parking Total 0

    Interior Features

    Cooling Central Air Electric 101-200 Amps Heat Ventilation Gas

    Property Features

    Additional Parcels YN No Adj Net Income Year 2020 Adjusted Net Income 100000 Annual Rent For Real Estate 39338 Business Age 1-3 Years Business Type Restaurant Cost Of Goods Sold 999 Cost Of Goods Year 2020 Current Use Commercial General Information 24-Hr Notice RequiredList Broker Must Accompany Gross Payroll 999 Gross Payroll Year 2018 Gross Profit 300000 Gross Profit Year 2020 Gross Sales Ann Year 2020 Gross Sales Annual 624000 Inventory 999 Inventory Year 2018 Known Encumbrances None Known Lot Size Dimensions 48X126 Net Operating Income Year 2020 Net Profit 125000 Operating Expense 99999 Property Offered For Sale Only Real Estate Included YN No Sale Includes EquipmentTrade FixturesInventoryKey Money/Good Will Sales Taxes 999 Sales Taxes Year 2018 Tax Annual Amount 18000 Tax Year 2019 Tenant Pays ElectricityHeatScavengerSewerGas Total Operating Expenses Year 2020 Type Bus / Bus W/Real Est Type Of Lease Gross Lease Zoning Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Be Realty, Llc.


    © 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 2020-11-27T19:51:59.803 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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    Champaign IL, 61822