Fully Operational Grocery Story near Logan Square SBA pre-approved

Chicago, IL (Cook County)

Seller Financing Available
Store Front
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Asking Price: $2,900,000

Gross Revenue: N/A

Price/Sq. Ft.: N/A

NOI: N/A

Building SF: 19,104

FF&E: N/A

Year Built: 1930

Fully Operational Grocery Story near Logan Square SBA pre-approved

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Property Description

Real Estate includes All business Assestts

Established retail grocery store fully operational! All equipment and assetts included. Accompanied by 3 apartments in the 2nd level. There is a 1,380 SF, 3BR/1.5BA unit, and two 1,050 SF, 2BR/1BA units. The building has a total net rentable area of 19,104 SF based on field measurements. The 3BR Apt is beautiful newly remodeled and move in ready! Potential rental income for the 3 bedroom could be easily $1,500.00, the other 2 units are occupied and pay $800 a month each in rent. Recent appraisal available upon request with comps.

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Detailed Information

Location:
Chicago, IL
Type:
Other Business Real Estate
Building SF:
19,104
Building Status:
Established
Facilities:
This facility has been completely remodeled and updated over the last 3 years. Includes all inventory, equipment. Building valued at 2.3m with recent appraisal and assets worth over 800k. Client would consider building sale without assets.
Financing:
Financials and recent appraisal available upon request
Reason for Selling:
Client would like to acquire new equities to diversify portfolio.
Current Property Expenses:
Property has 5 pin numbers, total taxes annually are $23,649.02. Electricity Expense ($/src): $40,875/Combination Water Expense ($/src): $7,800/Combination Scavenger Expense ($/src): $7,458/Combination
Location Description:
5 blocks W of Belmont Avenue and Cicero Avenue2 miles W of the intersection of Belmont Avenue and I-90/94
Current and Prior Use:
Prior use was a sausage factory. Current use is a fully operational grocery store. Includes a meat department, bakery, Mexican restaurant all integrated within the facility.
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Property Listed By:
Sergio Xula

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