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    7096 W State Route 17

    Kankakee, IL 60901
    • $425,000
    • STATUS: Active
    • ON SITE: 155 days
    • MLS #: 10758937
    UPDATED: 51 min ago
    $425,000
    • 0
      BEDS
    • 9.87
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,228
      SQFT
    • $52
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    The FOUNDING OWNERS of 25 years have decided to retire and sell FRAN'S on 17. A well known bar, restaurant, catering facility, outdoor pavilion, 40' X 72' entertainment barn and local end destination gathering place that generates tremendous income. Besides purchasing the 8228 square feet of buildings on 9.87 acres of land with all the equipment and trade fixtures you are purchasing the business name and all the good will of the past 25 years, To make this transaction more desirable is the revenue from the popular gaming room. This deal is a winner for a trained enterprising buyer. Priced to sell. showing will be scheduled between 8 and 10 AM, Monday thru Friday. Please do not discuss this listings with employees.

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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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    7096 W State Route 17 Kankakee, IL 60901

    • Price: $425,000
    • Status: Active
    • Updated: 51 min ago
    • MLS #: 10758937
    0
    Beds
    0
    Baths
    0
    ½ Baths
    9.87
    Acres
    8,228
    SQFT
    $52
    $/SQFT
    Neighborhood:
    Kankakee
    County:
    Kankakee
    Area:
    Kankakee
    Property Description
    The FOUNDING OWNERS of 25 years have decided to retire and sell FRAN'S on 17. A well known bar, restaurant, catering facility, outdoor pavilion, 40' X 72' entertainment barn and local end destination gathering place that generates tremendous income. Besides purchasing the 8228 square feet of buildings on 9.87 acres of land with all the equipment and trade fixtures you are purchasing the business name and all the good will of the past 25 years, To make this transaction more desirable is the revenue from the popular gaming room. This deal is a winner for a trained enterprising buyer. Priced to sell. showing will be scheduled between 8 and 10 AM, Monday thru Friday. Please do not discuss this listings with employees.
    Exterior Features

    Approx Land Sq Footage 5000 Construction Materials Wood Frame Frontage Type State Road Parking Total 55 Waterfront YN No

    Interior Features

    Cooling Central Air Heat Ventilation Gas Seating Capacity 76-100

    Property Features

    Additional Parcels YN No Adj Net Income Year 2019 Adjusted Net Income 70000 Annual Rent For Real Estate 0 Business Age 11+ Years Business Name Fran's On 17 Business Type Bar/Tavern/LoungeFood & BeverageRestaurant Corporate Limits Unincorporated Cost Of Goods Sold 110000 Cost Of Goods Year 2019 Food Beverage Type RestaurantBanquetCateringCarry-Out General Information List Broker Must Accompany Gross Payroll 0 Gross Payroll Year 2019 Gross Profit 220000 Gross Profit Year 2019 Gross Sales Ann Year 2019 Gross Sales Annual 330000 Inventory 0 Inventory Year 2019 Known Encumbrances None Known Living Quarters Available Lot Size 8.0-9.99 Acres Lot Size Dimensions 9.87 Net Operating Income Year 2019 Net Profit 110000 Number Of Full Time Employees 4 Number Of Part Time Employees 15 Operating Expense 110000 Ownership Type Family Ownership Type1 Individual Property Offered For Sale Only Real Estate Included YN Yes Sale Includes LandBuildingBusinessEquipmentTrade FixturesOwner Will TrainBusiness NameKey Money/Good Will Sales Taxes 0 Sales Taxes Year 2019 Tax Annual Amount 7184 Tax Year 2018 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceTaxesInsuranceRepairsScavenger Total Operating Expenses Year 2019 Type Bus / Bus W/Real Est Type Of Lease None Unincorporated YN Yes Utilities Electric To SiteGas To SiteSeptic-Private Zoning Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Valle 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 2020-11-27T19:51:59.803 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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    4112C Fieldstone Road
    Champaign IL, 61822