2434 W Montrose Avenue, CHICAGO IL 60618 Photo 1 2434 W Montrose Avenue, CHICAGO IL 60618 Photo 2 2434 W Montrose Avenue, CHICAGO IL 60618 Photo 3 2434 W Montrose Avenue, CHICAGO IL 60618 Photo 4 2434 W Montrose Avenue, CHICAGO IL 60618 Photo 5 2434 W Montrose Avenue, CHICAGO IL 60618 Photo 6 2434 W Montrose Avenue, CHICAGO IL 60618 Photo 7 2434 W Montrose Avenue, CHICAGO IL 60618 Photo 8
Listing Courtesy of @Properties Commercial

No driving directions were found. Please adjust your search.

2434 W Montrose Avenue - 7,000 sq ft fully built out, free standing restaurant for sale or lease in Lincoln Square! Full gut renovation in 2014 - previous owner invested over $1.5 million in improvements. 3 full bars, indoor seating for over 150 with additional patio off of Artesian, 80 inch flat screen TVs, state of the art projector and sound system, over $200K of new kitchen equipment with black iron in a 1000 sq ft kitchen. All furniture, fixtures and equipment are included in sale price. Large basement with 3 walk in cold storage areas, office, drain lines, dozens of beer lines and soda lines, ramp for keg delivery , fully equipped with surveillance/security. Current zoning is B3-2, which allows for an additional 3 floors of vertical residential construction. Condos next door are selling for $550K. Total potential sellout of a development project is $4.1 million.

Listing information

  • MLS® ID: 09181519
  • Stories: 1
  • Foreclosure: No
  • Style: Business
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $39,773
  • Status: Active with Contingency
  • New Construction: No
  • County: Cook

Features

Air Conditioning Central Air
Business Age 1-3 Years
Business Type Bar/Lounge/Nite Club, Food and Beverage, Restaurant
Construction Brick
Contingency Flag Attorney/Inspection
Current Use Commercial
Food/Beverage Type Fine Dining, Grill, Pizza Parlor, Restaurant
Franchisor Feed(y/n) No
Heat/Ventilation Central Bldg Heat
Information None
Known Encumbrances None Known
Lot Size Less Than .25 Acre
Other Adjusted Net Income - 0, Annual Rent For Real Estate - 144000, Approx Land Sq Footage - 7000, Approx Total Bldg Sq Ft - 7000, Estimated Tax/Sf - 0, Gross Profit - 0, Gross Profit Year - 2014, Gross Sales Ann Year - 2014, Gross Sales Annual - 0, Inventory Year - 2014, Monthly Rental Price - 12000, Net Operating Income Year - 2014, Net Profit - 0, Sales Taxes - 0, Sales Taxes Year - 2014, Tax Year - 2014, Total Op Exp Year - 2014, Zoning Type - Commr
Possession Closing
Potential Use Commercial, Condominium, Residential-Multi-Family, Retail
Property Offered For Sale or Rent
Property Type Bus / Bus w/Real Est
Real Estate Included? (Y/N) Yes
Sale Price Includes Building, Business, Customer List, Equipment, Inventory, Land, Trade Fixtures
Tenant Pays Air Conditioning, Cooking Gas, Electric, Heat, Janitorial, Other, Scavenger, Tax Stops
Type Of Lease Gross Lease
Listing Courtesy of @Properties Commercial