About This Restaurant
Investment Highlights
Executive Summary
Since we have had so many inquiries selling the building & restaurant as a package, we decided we would sell the building, restaurant, and equipment for 250,000.00. A well qualified buyer can assume my current SBA loans which are 3.75 % interest with a 15,000 down cash payment. Building loan is 1,000 a month with 17 years remaining. Restaurant & equipment loan is 1,271 a month with 7 years remaining. Great opportunity for Airbnb,apartments or banquet rooms with ground floor restaurant space.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Restaurant
- Building Size 6,000
- Building Class C
- Year Built/Renovated 1850/1989
- Price 250,000
- Price Per SF 42
- Percent Leased 100
- Tenancy Multiple
- Building Height 3 Stories
- Building FAR 1.94
- Land Acres 0.07 AC
Property Taxes
| Parcel Number | 14-34.0-130-009 | Improvements Assessment | $21,055 |
| Land Assessment | $25,886 | Total Assessment | $46,941 |
| Date Created: | 2024-07-16 04:13:39 | Last Updated: | 2024-07-16 04:13:39 |
| Address: | 516 E Adams St , Springfield, Illinois, 62701 | ||