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Listed by Anthony Lucioof Keller Williams Preferred Realty
$ 200,000
Est. payment /mo
Price Dropped by $90K
8143 47th Street Lyons, IL 60534
4,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $44
MLS Listing ID 12519161
Tax Year 2024
Lot Dimensions 218 X 215
Property Sub-Type Bus / Bus w/Real Est
Property Description
This is your chance to own your unique and thriving, long-established Bar/Video Slot Machines + Restaurant Opportunity (Possibility to make the restaurant a different business of your choice with city approval) ~ Asset sale Only (No Real Estate) "Turnkey" This is a highly successful bar in a well-established, high-traffic location. This business operates out of an approximate 4600 sq ft building space with ample parking with (78) parking spaces, and an out-door gated patio ~ the building is divided into two spaces to run a dual business. Bar side: Spacious bar with video gaming, DJ/dance area and a popular outdoor patio. This side is currently open and thriving. The bar utilizes the full commercial kitchen located in the adjoining space for its food service. Restaurant side: Formerly a neighborhood favorite for breakfast and lunch. This space is currently not operating but fully equipped and ready to re-open. The restaurant includes the kitchen currently used by the bar. What makes this opportunity special: The tenant (new owner of the business) rents both sides of the building, creating exceptional flexibility. A new owner can: Re-open the breakfast restaurant and capture a loyal morning crowd. Operate both the restaurant and the bar to maximize revenue "Or" Partner with another operator and split the rent ~ one running the breakfast/lunch side and one running the bar "Or" Keep the entire business unified and benefit from both streams of income. Both sides are turn-key and the bar is a wide-open concept with a (pool table, darts, boxing leased) DJ stand, small stage and outside gated patio. Fully Equipped: Sale includes all kitchen equipment, fixtures, and furnishings - everything you need to hit the ground running (NDA to be signed and a list of FF&E will be provided as well as P&L ~ New Roof 2021/22 and parking lot 2023, (3) HVACs 2021 ~ Taxes are included in rent ~ Lease ends 8/2028 with a (5) year option
Location
State IL
County Cook
Zoning RTAIL
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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