6430 E RIVERSIDE Boulevard, LOVES PARK IL 61111 Photo 1 6430 E RIVERSIDE Boulevard, LOVES PARK IL 61111 Photo 2 6430 E RIVERSIDE Boulevard, LOVES PARK IL 61111 Photo 3 6430 E RIVERSIDE Boulevard, LOVES PARK IL 61111 Photo 4 6430 E RIVERSIDE Boulevard, LOVES PARK IL 61111 Photo 5 6430 E RIVERSIDE Boulevard, LOVES PARK IL 61111 Photo 6 6430 E RIVERSIDE Boulevard, LOVES PARK IL 61111 Photo 7 6430 E RIVERSIDE Boulevard, LOVES PARK IL 61111 Photo 8 6430 E RIVERSIDE Boulevard, LOVES PARK IL 61111 Photo 9 6430 E RIVERSIDE Boulevard, LOVES PARK IL 61111 Photo 10 6430 E RIVERSIDE Boulevard, LOVES PARK IL 61111 Photo 11
Listing Courtesy of Berkshire Hathaway Homeservices Crosby Starck Real Estate

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6430 E RIVERSIDE Boulevard - NEW OFFERING !!!!!LEASE BACK RESTAURANT BUSINESS 100% LEASED STRIP CENTER WITH GREAT CASH FLOW. LONG TERM STABLE TENANTS.EXCELLENT OPPORTUNITY TO ACQUIRE THIS ESTABLISHED PROPERTY ON A HIGH TRAVELED ROAD MINUTES FROM I-90.PRICE INCLUDES THE RESTAURANT BUSINESS BUT THE "NEW OFFERING" IS THE CURRENT OWNER WILL LEASE BACK THE RESTAURANT BUSINESS FOR 3 YEARS FROM THE NEW OWNER WHO WILL HAVE MULTIPLE WAYS TO APPROACH THIS AS FOLLOWS: 1) SELL THE RESTAURANT BUSINESS AFTER 3 YEARS WHEN THE LEASE TERM FROM THE CURRENT OWNER IS OVER. 2) OPERATE THE BUSINESS WITH PARTNERSHIP WITH SELECT INDIVIDUAL. 3) LEARN THE FOOD BUSINESS AND HIRE A FULL TIME MANAGER FOR THE RESTAURANT AND KEEP THE OWNERSHIP. CURRENT OWNER AGREES TO FLEXIBLE LEASE TERMS AND TRAIN SELECT INDIVIDUALS TO OPERATE THE BUSINESS AND LEAVE WHEN ASKED BY THE NEW OWNER.TRADE FIXTURES & RESTAURANT EQUIPMENT ARE INCLUDED IN THE SALE.NEW MERCY HOSPITAL & COSTCO CLUB WILL ADD VALUE TO THE PROPERTY. MOTIVATED SELLER!!!

Listing information

  • MLS® ID: 10109909
  • Stories: 1
  • Foreclosure: No
  • Style: Business
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $31,200
  • Status: Active
  • New Construction: No
  • County: Winnebago

Features

Air Conditioning Central Air
Business Age 11+ Years
Business Type Other
Franchisor Feed(y/n) No
Frontage/Access City Street
Heat/Ventilation Central Bldg Heat
Information List Broker Must Accompany
Known Encumbrances None Known
Location Commercial Business Park
Lot Size Less Than .25 Acre
Other Adjusted Net Income - 0000, Annual Rent For Real Estate - 0000, Approx Land Sq Footage - 0, Approx Total Bldg Sq Ft - 12000, Gross Profit - 0000, Gross Profit Year - 0, Gross Sales Ann Year - 0, Gross Sales Annual - 0000, Inventory Year - 0, Net Operating Income Year - 0, Net Profit - 0000, Sales Taxes - 0000, Sales Taxes Year - 0, Tax Year - 2017, Total Op Exp Year - 0, Zoning Type - Commr
Ownership Type Corporation
Possession Closing
Property Offered For Sale Only
Property Type Bus / Bus w/Real Est
Real Estate Included? (Y/N) Yes
Sale Price Includes Building, Business, Business Name, Equipment, Franchise Transfer Fee, Inventory, Land, License/Permit, Owner Will Train, Phone Number, Trade Fixtures, Trade Mark/s
Seating Capacity 51-75
Tenant Pays Air Conditioning, Electric, Heat, Insurance, Repairs and Maintenance
Type Of Lease None
Type Ownership (Business) Corporation
Unincorporated (Y/N) No
Waterfront (Y/N) No
Listing Courtesy of Berkshire Hathaway Homeservices Crosby Starck Real Estate