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    3685 S Archer Avenue

    Chicago, IL 60609
    • $595,000
    • STATUS: Active
    • ON SITE: 130 days
    • MLS #: 10786700
    UPDATED: 61 min ago
    $595,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,400
      SQFT
    • $248
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    A unique opportunity to own a piece of Chicago history and build your own legacy. This long-standing corner building in HOT McKinley Park with high visibility and high traffic is looking for a new owner! This is a great opportunity for a restaurant owner to expand on this side of town or move if they've outgrown their current space. The location couldn't be any better: across the street from McKinley Park, Western Ave., Archer Ave., and 37th St. As you walk in you are greeted with a large restaurant sitting area with 14 booths, 10 tables with 4 chairs each and a few 2 seater tables with chairs. The back area is set up as a bar with plenty of seating another opportunity to extra income. Other features include a take out counter, an ice cream station/bar, cashier's station, a fully serviceable commercial kitchen with all equipment included. The 2 bathrooms were recently remodeled with classic finishes. The added bonus here is the parking lot that easily fits 12-15 cars plus plenty of free parking on Archer Ave and 37th St. There is also a divvy station right outside and plenty of space to potentially create some outdoor dining space. The possibilities are endless with this building, location and all included personal property....check it out today!!!! The owner is open to several options: the sale of the building, a lease to own option or a rental option..

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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 2020-11-26T08:51:36.32 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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    3685 S Archer Avenue Chicago, IL 60609

    • Price: $595,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 10786700
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    2,400
    SQFT
    $248
    $/SQFT
    Neighborhood:
    Chi - Mckinley Park
    County:
    Cook
    Area:
    Chi - Mckinley Park
    Property Description
    A unique opportunity to own a piece of Chicago history and build your own legacy. This long-standing corner building in HOT McKinley Park with high visibility and high traffic is looking for a new owner! This is a great opportunity for a restaurant owner to expand on this side of town or move if they've outgrown their current space. The location couldn't be any better: across the street from McKinley Park, Western Ave., Archer Ave., and 37th St. As you walk in you are greeted with a large restaurant sitting area with 14 booths, 10 tables with 4 chairs each and a few 2 seater tables with chairs. The back area is set up as a bar with plenty of seating another opportunity to extra income. Other features include a take out counter, an ice cream station/bar, cashier's station, a fully serviceable commercial kitchen with all equipment included. The 2 bathrooms were recently remodeled with classic finishes. The added bonus here is the parking lot that easily fits 12-15 cars plus plenty of free parking on Archer Ave and 37th St. There is also a divvy station right outside and plenty of space to potentially create some outdoor dining space. The possibilities are endless with this building, location and all included personal property....check it out today!!!! The owner is open to several options: the sale of the building, a lease to own option or a rental option..
    Exterior Features

    Approx Land Sq Footage 2400 Construction Materials BrickConcrete Frontage Type City Street Location CornerPark AdjacentPublic Transport AvailFree Standing/Urban Miscellaneous Outside Handicapped AccessSecurity System Outdoor Parking 6-12 SpacesOpenPublic LotOther Parking Total 10 Roof Reflective Coating Waterfront YN No

    Interior Features

    Cooling Central Air Electric 201-600 Amps Heat Ventilation Forced AirGas Miscellaneous Inside Handicapped AccessPublic Restroom/SStorage Inside Seating Capacity 76-100

    Property Features

    Additional Parcels YN No Adj Net Income Year 2019 Adjusted Net Income 0 Annual Rent For Real Estate 0 Business Age 11+ Years Business Type Food & BeverageRestaurant Corporate Limits Chicago Cost Of Goods Sold 0 Cost Of Goods Year 2019 Current Use Commercial Existing Lease Type Net Food Beverage Type RestaurantFranchiseCarry-Out General Information 24-Hr Notice RequiredList Broker Must Accompany Gross Payroll 0 Gross Payroll Year 2019 Gross Profit 0 Gross Profit Year 2019 Gross Sales Ann Year 2019 Gross Sales Annual 0 Inventory 0 Inventory Year 2019 Known Encumbrances None Known Land Amenities Lighting/ExteriorOther Lot Size .25-.49 Acre Lot Size Dimensions 152.67X55.37X51.67X154.15 Net Operating Income Year 2019 Net Profit 0 Non- Disclosure Agreement Required YN No Operating Expense 0 Ownership Type1 Individual Property Offered For Sale Or Rent Real Estate Included YN Yes Sale Includes LandBuildingEquipment Sales Taxes 0 Sales Taxes Year 2019 Tax Annual Amount 12072.8 Tax Year 2018 Tenant Pays Air ConditioningElectricityHeatJanitorial ServiceTaxesInsuranceRepairsScavengerSewerGas Total Actual Rent 3000 Total Operating Expenses Year 2019 Type Bus / Bus W/Real Est Type Of Lease None Zoning Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Re/Max In The Village.


    © 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 2020-11-26T08:51:36.32 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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