This is an extremely high traffic area on the North side of Chicago, just steps from Wrigleyville. The space is currently being used as a tavern. The current tenant has a 5 year lease with three 5 year options. This local watering hole has all the amenities; a tavern liquor license, outdoor/patio seating, 2 bars, a basement and a full kitchen. Tavern liquor licenses are very hard to come by and very desirable because you are not required to serve food. The tavern liquor license also allows you to serve alcohol until 2am daily and until 3am on Saturdays. The building is a one-story brick building containing a total of approximately 2,138 sq ft. There are also 2 outdoor parking spaces on the property. There are over 26,100 cars driving by the front door of this property each day.
Note: The business is also for sale. Let us know if you have interest in acquiring the business along with the real property.
Pictures of the property can be emailed upon request.
Asking Price: $795,000.00 (Real Estate only)
Gross Building Area: +/- 2,138 sq ft
Building Construction: Brick
Lot Size: +/- 2,890 sq ft
Year Built (approximately): 1909
Value of real estate (approximately): $795,000.00
Building, Property, Tenant/Lease details: The current lease is a triple net lease. The base rent is $5,113.24/month. The tenant is responsible for the common area maintenance, all utilities and the real estate taxes. The lease is a 5 year lease with three 5 year options.
Seller Financing: Owners may discuss some financing with qualified & experienced buyer/operators.
Contact: Dennis, firstname.lastname@example.org or 312-360-1955