2509 W North Ave
Chicago, IL 60647
Retail Property For Sale
Property Facts
Amenities
- Commuter Rail
- Courtyard
- Fenced Lot
- Property Manager on Site
- Restaurant
- Security System
- Signage
- Air Conditioning
About 2509 W NORTH AVE , CHICAGO, IL 60647
Beloved Local Restaurant and Bar with outdoor dining and renovated apartment above. Experienced operator relocating and building and business are for sale. Business is profitable and only open from 4pm -2am during the week, 11am -2am weekends. Take it to the next level with roofdecks, open for lunch, delivery, increase marketing. Turnkey-separate corporations own building and restaurant. Incidental license-must do changing of officers. Located in the heart of the WOW (West of Western) Arts District on the border between West Bucktown and East Humboldt Park. Great Public transit location, tons of street and foot traffic. Owners are in real estate and building has had ongoing maintenance and modernization since the 2010 total renovation. Nothing to do here unless you want to expand hours or make a private party room upstairs. Should qualify for SBA. Currently structured as a 60K/year triple net lease to restaurant-that's a 7.5% cap rate(with a business value of 200K-and over 100K is equipment and inventory)! Building recently appraised for 800K. Qualified buyers only-must provide preapproval letter or proof of funds prior to NDA. 1031/SBA welcome.
Property Taxes
| Parcel Number | 16-01-205-008-0000 | Improvements Assessment | $52,500 |
| Land Assessment | $17,500 | Total Assessment | $70,000 |
Property Taxes
