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    2561 County Line Road

    Algonquin, IL 60102
    • $1,290,000
    • STATUS: Active
    • ON SITE: 94 days
    • MLS #: 10840907
    UPDATED: 168 min ago
    $1,290,000
    • 0
      BEDS
    • 1.36
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,470
      SQFT
    • $173
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    260 seat bar/restaurant currently operating with Mexican motif. This is an asset sale with tremendous visibility as an outlot to Algonquin Commons Mall. Restaurant in an extremely strong trade area between Men's Warehouse & Art Van Furniture. The preeminent shopping center anchoring the Randall Road Corridor includes Nordstrom Rack, Trader Joe's, DSW, Old Navy, Hollister & Dick's Sporting Goods. This Restaurant is highly visible on the west side of Randall Road. Randall Road is a major north/south thoroughfare with 40,300 vehicles passing the site per day. Restaurant is fully functional & will be sold with all FF&E in place, it includes over $300,000 on business equipment including 2 hoods and walk-in cooler/freezer. This is a great Turnkey opportunity Restaurant at an excellent location. Seller might consider Lease with the option to purchase as well. 62 parking spaces plus cross parking easement for additional spaces.

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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 2020-12-03T23:52:22.757 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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    2561 County Line Road Algonquin, IL 60102

    • Price: $1,290,000
    • Status: Active
    • Updated: 168 min ago
    • MLS #: 10840907
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.36
    Acres
    7,470
    SQFT
    $173
    $/SQFT
    Neighborhood:
    Algonquin
    County:
    Kane
    Area:
    Algonquin
    Property Description
    260 seat bar/restaurant currently operating with Mexican motif. This is an asset sale with tremendous visibility as an outlot to Algonquin Commons Mall. Restaurant in an extremely strong trade area between Men's Warehouse & Art Van Furniture. The preeminent shopping center anchoring the Randall Road Corridor includes Nordstrom Rack, Trader Joe's, DSW, Old Navy, Hollister & Dick's Sporting Goods. This Restaurant is highly visible on the west side of Randall Road. Randall Road is a major north/south thoroughfare with 40,300 vehicles passing the site per day. Restaurant is fully functional & will be sold with all FF&E in place, it includes over $300,000 on business equipment including 2 hoods and walk-in cooler/freezer. This is a great Turnkey opportunity Restaurant at an excellent location. Seller might consider Lease with the option to purchase as well. 62 parking spaces plus cross parking easement for additional spaces.
    Exterior Features

    Approx Land Sq Footage 7470 Location Out Lot Of Shopping Center Miscellaneous Outside PatioSecurity System Outdoor Parking 51-100 Spaces Parking Total 62 Roof Other Waterfront YN No

    Interior Features

    Cooling Central Air Electric Over 600 Amps3 Phase Heat Ventilation Forced Air Miscellaneous Inside Private Restroom/SStorage InsideOther 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 1-3 Years Business Type Bar/Tavern/LoungeFood & BeverageRestaurant Corporate Limits Algonquin Cost Of Goods Sold 0 Cost Of Goods Year 2020 Current Use Commercial Existing Lease Type N/A Food Beverage Type Restaurant General Information 24-Hr Notice RequiredList Broker Must AccompanyNo Sign On PropertyAfter Hours Only 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 First Mortgage Land Amenities Lighting/Exterior Living Quarters None Lot Size 1.0-1.99 Acres Lot Size Dimensions 141'X 415' X141'X 413' Net Operating Income Year 2020 Net Profit 0 Non- Disclosure Agreement Required YN No Operating Expense 0 Ownership Type Llc Ownership Type1 Condo Possible Use CommercialLiquor LicenseRetailSpecial UseOther Property Offered For Sale Only Real Estate Included YN Yes Sale Includes BuildingBusinessEquipmentTrade FixturesCov Not To Compete Sales Taxes 0 Sales Taxes Year 2020 Tax Annual Amount 32243 Tax Year 2019 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceTaxesInsuranceRepairsRoofScavengerStructureSewer Total Operating Expenses Year 2020 Type Bus / Bus W/Real Est Type Of Lease None Unincorporated YN No Utilities Electric To SiteGas To SiteSanitary SewerWater-Municipal Zoning Rtail

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Premier Commercial Realty.


    © 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 2020-12-03T23:52:22.757 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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