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


Building SF: 19,104


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

Chicago, IL
Other Business Real Estate
Building SF:
Building Status:
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.
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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