About This Restaurant
Investment Highlights
Established in 1960 - Turnkey operation Well established with potential for upside revenues 2am liquor license & bar with video gaming machines generate extra revenue Parking lot included (across the street - pin #'s 12-21-300-001 & 002)
Executive Summary
Famous Neighborhood gem. Long time family owned business - Full service deli with pizza, pasta, catering and much more. Bar and restaurant area with video gaming and 2am liquor license. Two residential units on second floor for extra income. Building and 60+ year old established business -Very Turnkey operation - ready for a quick sale.
Property Details
- Sale Type Investment or Owner User
- Sale Condition Business Value Included
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Storefront Retail/Residential Restaurant
- Building Size 5,863
- Year Built 1960
- Price 1,250,000
- Price Per SF 213
- Cap Rate 15.92
- NOI 198,975
- Business Value 575,000
- Percent Leased Vacant
- Tenancy Multiple
- Building Height 2 Stories
Amenities
- Corner Lot
- Signage
Property Taxes
| Parcel Number | 12-21-105-028-0000 | Improvements Assessment | $7,073 |
| Land Assessment | $35,927 | Total Assessment | $43,000 |
| Date Created: | 2024-07-16 04:13:38 | Last Updated: | 2024-07-16 04:13:38 |
| Address: | 10348 Addison Ave , Franklin Park, Illinois, 60131 | ||