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241 S Milwaukee Ave 1.63 Acres of Commercial Land Offered at $2,295,000 in Wheeling, IL 60090
INVESTMENT HIGHLIGHTS
- Turnkey Restaraunt
- Property contains a "party room"
- New Kitchen
EXECUTIVE SUMMARY
The Ress Group is proud to present an excellent restaurant or redevelopment opportunity Over 1.5 Acres on Highly trafficked Milwaukee Ave in Wheeling IL. Turnkey restaurant that boasts an expansive state of the art kitchen with multiple work areas, walk in coolers , walk in Freezers and is fully equipped. This location offers Gaming in a large separate bar with additional seating. Full service restaurant, bar, and party room on ground level. Huge 3 bedroom apartment on 2nd level already rented out. Basement has another party room, dance floor, bar, 4 walk in coolers, storage, and bathrooms. Gaming Income is near $100,000 annually .Exceptional Opportunity to acquire a fully built out Restaurant/ Bar/ Private event space on 2 levels with dance floor and bar that can accommodate multiple private events. High Visibility with strong traffic counts on a major coveted location with many long term successful restaurants. Business is not included in sale. Please do not disturb employees.
PROPERTY FACTS
| Price | $2,295,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.63 AC |
| Property Type | Land | ||
| Zoning | MXC - Mixed use zoning | ||
| Price | $2,295,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.63 AC |
| Zoning | MXC - Mixed use zoning |
1 LOT AVAILABLE
Lot
| Price | $2,295,000 | Lot Size | 1.63 AC |
| Price Per AC | $1,403,740.99 |
| Price | $2,295,000 |
| Price Per AC | $1,403,740.99 |
| Lot Size | 1.63 AC |
Excellent redevelopment opportunity. Mixed use zoning!
DESCRIPTION
Turnkey restaurant that boasts an expansive state of the art kitchen with multiple work areas, walk in coolers , walk in Freezers and is fully equipped.
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $33,985 | |
| Land Assessment | $41,573 | Total Assessment | $75,558 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$41,573
Improvements Assessment
$33,985
Total Assessment
$75,558
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241 S Milwaukee Ave
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