Restaurant-Bar-Pizzeria-Outdoor Dining

Elgin, IL (Kane County)

Restaurant-Bar-Pizzeria-Outdoor Dining

Asking Price:$799,500

Gross Revenue:N/A

Price/Sq. Ft.:N/A

NOI:N/A

Building Sq. Ft.:5,500

FF&E:N/A

Year Built:N/A

Restaurant-Bar-Pizzeria-Outdoor Dining

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Property Description

For Sale Real Estate & Business 5,500 Sq. Ft. 2 story brick building. Also available for lease $14 per SF Triple Net NNN or $6,350 per month. Lot 25 x 184 or 4,603 SF in the heart of exciting downtown Elgin. This property was totally rehabbed and converted four years ago more than $800,000 in improvements. First floor contains pizzeria-restaurant-bar, second floor contains a banquet room with service bar & two bathrooms. A large office and four room-one bedroom apartment. There is a full basement with walk in cooler, grease trap, liquor storage. The building is fully sprinkled, fire alarm system and camera surveillance system. Seats 75 first floor. 40+/- banquet room plus 80+/- outdoor patio with covered bar with river walk and water view! Complete turn-key restaurant bar-banquet. Bring your own concept or existing business/fronts on Grove and Riverside Drive. The building is on the Fox River adjacent to Elgin. 13 Million River Walk renovation. Large outdoor patio. Low Real Estate taxes located in TIF District only $1.14 per SF. Festival Park was developed along the Fox River. Next to Riverboat Casino. The area has seen steady re-development due to "The Grand Victoria Riverboat Casino". It could be also available for lease to qualified food & spirit operator. High ceiling. Brick walls, wood floors. Must see to appreciate. Highly confidential.

Detailed Information

Type:
Retail
Building Sq. Ft.:
5,500
Building Status:
Established
Facilities:
For Sale Real Estate & Business 5,500 Sq. Ft. 2 story brick building. Also available for lease $14 per SF Triple Net NNN or $6,350 per month. Lot 25 x 184 or 4,603 SF in the heart of exciting downtown Elgin. This property was totally rehabbed and converted four years ago more than $800,000 in improvements. First floor contains pizzeria-restaurant-bar, second floor contains a banquet room with service bar & two bathrooms. A large office and four room-one bedroom apartment. There is a full basement with walk in cooler, grease trap, liquor storage. The building is fully sprinkled, fire alarm system and camera surveillance system. Seats 75 first floor. 40+/- banquet room plus 80+/- outdoor patio with covered bar with river walk and water view!
Location Description:
Complete turn-key restaurant bar-banquet. Bring your own concept or existing business/fronts on Grove and Riverside Drive. The building is on the Fox River adjacent to Elgin. 13 Million River Walk renovation. Large outdoor patio. Low Real Estate taxes located in TIF District only $1.14 per SF. Festival Park was developed along the Fox River. Next to Riverboat Casino. The area has seen steady re-development due to "The Grand Victoria Riverboat Casino". It could be also available for lease to qualified food & spirit operator. High ceiling. Brick walls, wood floors. Must see to appreciate. Highly confidential. Must sign confidentiality agreement. Proof of funds mandatory at the owner's request.
Current and Prior Use:
Restaurant-Bar-Banquet-Outdoor Patio

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Nick DiBrizzi

Property Listed By:
Nick DiBrizzi

COLDWELL BANKER COMMERCIAL NRT

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