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Listing Courtesy of Era Reardon Realty-Summit

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4614 FRANCIS ST - Your chance to take over the business and income portfolio the current owners have built for years. Sale includes seven parcels of properties including the famous Bone Island Grill, the banquet hall, the additional rented building on the property, a rented home, all the addition parking lots, fixtures, equipment, liquor license, additional licenses, and goodwill. The restaurant does approximately $1.5MM a year in sales and the additional rental income brings in another $30K annually. Financials can be released to a documented qualified purchaser. JMLS members see associated documents for property information.

Listing information

  • MLS® ID: 201902338
  • Baths: 6 (Full: 6 3/4: 0 1/2: 0 Other: 0)
  • New Construction: No
  • Lot Area: 1.50 Acres
  • County: Jackson
  • Style: Retail / Hospitality / Service
  • Status: Active
  • Foreclosure: No
  • Lot Size: 200x240
  • School District: Vandercook Lake
  • Year Built: 1950
  • Stories: 1
  • Total Square Footage: 13,709 ($58.28 per sq. foot)
  • Estimated Annual Taxes: $13,024
  • Subdivision: Vandercook Park Sub

Features

Assessments No
AVAILABLE PARKING 21-100 Spaces, Owned, Paved
BUSINESS TYPE Bar/Tavern, Fast Food, Restaurant, Retail, Special Gift
CONSTRUCTION Brick, Concrete Block, Frame
Current / Former Use Current
DOCUMENTS Aerial Photo, Pers Prop List, Photos, Title Search
EXISTING LEASE No Lease
FLOORING Concrete Floor, Vinyl/Laminate, Wood Floor, WW Carpet
Foreclosed (Y/N) No
Foundation Full Basement, Walkout
Frontage RF/LF RF
FUEL TYPE Natural Gas
HEAT/COOL Central/Zoned, Forced Air, Make Up Air
Lease Only No
LOCATION Business Dis, Commercial Area, Corner Lot, Free/Stand, Strip Mall
MAJOR TYPE Apartments, Retail, Spec. Purpose
Mineral Rights Included Unknown
MISC. EXTERIOR Out Storage, Overhead Door, Roof Sign, Sidewalk
MISC. INTERIOR Display Window, Fixtures, Furniture, Kitchen, Living Space, Meeting Room, Private Restroom, Public Restroom, See Remarks/Interior, Show Room
Other # Of Levels - 1, # Of Restrooms - 6, Bld1 Lvl1 SqFt 1 - Retail - 4934, Bld1 Pct Occ - 100, Bld1 Total SqFt - 4934, Bld2 Lvl1 SqFt 2-Retail - 3150, Bld2 Pct Occ - 100, Bld2 Total SqFt - 3150, Bld3 Lvl1 SqFt 1-Retail - 4281, Bld3 Pct Occ - 100, Bld3 Total SqFt - 4281, Ceiling Height - 8, Directions/Cross Streets - Corner of Francis St and Mcdevitt Ave, Estimated Year Built - 1950, Legal Description - Lengthy on File, Lot Front - 480, Overhead Door Height - 7, Rentable Sq.Ft. - 13709, SEV - 293500, SEV Year - 19, Summer Tax - 9442, Tax Value - 231856, Tax Value Year - 19, Total # of Buildings - 4, Total # of Units - 4, Use - Restaurant/Retail/Resd, Winter Tax - 3582, Zoning - C-2
POSSESSION Poss At Closing, Tenant Rights
ROAD TYPE Co/City, Paved
ROOFING Rubber, Shingle
Subject to Short Sale No
TERMS Cash, Conventional, Land Contract, Owner Finance, Owner Financing
UTILITIES AVAILABLE 110 Volt, 220 Volt, Cable TV, Gas/Street, Telephone, Trash
WATER/SEWER Community/Public Sewer, Community/Public Water
Listing Courtesy of Era Reardon Realty-Summit