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4911 W Elm Street

Mchenry, IL 60050
  • $460,000
  • STATUS: Active
  • ON SITE: 111 Days
  • MLS #: 11986478
UPDATED: 150 min ago
$460,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
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School Ratings & Info

Description

Popular operating sandwich and ice cream restaurant in business with current owner 47 years, known as Happy Jacks. Seating for 68 inside and outdoor seating on deck in summer. 1,887 SF plus basement containing additional prep kitchen, office and storage along with a 528 SF detached storage garage. New roof in 2023 (restaurant and garage). New ice cream display case, pole signage on busy Route 120 with over 18,800 vehicles per day. See list of FF&E. Additional upside by adding delivery, liquor and gaming. Enjoyable nostalgic atmosphere with much Coca Cola memorabilia. Inventory sold separately at cost. Currently closed on Sundays. Note: Potential to rent out garage with 100 amp service for $450-$500/mo. for extra income. Owner allocates $320,000 for real estate and $140,000 for the business.

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© 2024 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 2024-06-12T15:03:02.063 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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4911 W Elm Street Mchenry, IL 60050

  • Price: $460,000
  • Status: Active
  • On Site: 111 Days
  • Updated: 150 min ago
  • MLS #: 11986478
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Mchenry
County:
Mchenry
Area:
Mchenry
Property Description
Popular operating sandwich and ice cream restaurant in business with current owner 47 years, known as Happy Jacks. Seating for 68 inside and outdoor seating on deck in summer. 1,887 SF plus basement containing additional prep kitchen, office and storage along with a 528 SF detached storage garage. New roof in 2023 (restaurant and garage). New ice cream display case, pole signage on busy Route 120 with over 18,800 vehicles per day. See list of FF&E. Additional upside by adding delivery, liquor and gaming. Enjoyable nostalgic atmosphere with much Coca Cola memorabilia. Inventory sold separately at cost. Currently closed on Sundays. Note: Potential to rent out garage with 100 amp service for $450-$500/mo. for extra income. Owner allocates $320,000 for real estate and $140,000 for the business.
Exterior Features

Frontage Type State Road Lot Size .25-.49 Acre Outdoor Parking 19-30 Spaces Roof Composition Waterfront YN No

Interior Features

Cooling Central AirWindow Unit(s) Heat Ventilation Forced AirGas Miscellaneous Inside Public Restroom/sStorage InsideLaundry Room

Property Features

Additional Parcels YN No Adjusted Net Income 0 Adjusted Net Income Year 2023 Annual Rent For Real Estate 0 Building Area Total 1887 Business Age 11+ Years Business Type Restaurant Corporate Limits McHenry Gross Profit Year 2023 Gross Sales Annual 0 Gross Sales Annual Year 2023 Location Mixed Use AreaFree Standing/UrbanIn City LimitsHigh Traffic Area Mls Actual Status Active Operating Expense 0 Ownership Type Individual Ownership Types Individual Possible Use Commercial Property Offered For Sale Only Real Estate Included Yes Sale Price Includes LandBuildingBusinessEquipmentTrade FixturesOwner Will TrainCov not to CompetePhone NumberBusiness Name Seller Needs CashCash and PaperOut of Management Seller Will Create Paper Tax Annual Amount 9990.6 Tax Year 2022 Tenant Pays Air ConditioningElectricityHeatJanitorial ServiceTaxesInsuranceRepairsRoofScavengerSewer Type Bus / Bus w/Real Est Type Of Lease None Utilities Electric to SiteGas to SiteSanitary SewerWater-Municipal Zoning COMMR

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Premier Commercial Realty: 847-854-2300.


© 2024 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 2024-06-12T15:03:02.063 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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