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25344 W Richmond Ave 3,500 SF Retail Building Antioch, IL 60002 $299,000 ($85.43/SF) 6% Cap Rate



EXECUTIVE SUMMARY
Building on 6 parcels, directly across from Petite Lake. Excellent cozy well established neighborhood bar. Full service restaurant with updates and ADA bathrooms. Currently tenant operated as bar/restaurant/gaming machines. For over 15 years as the Hideout. Owner wants to liquidate this asset, so it's priced accordingly. The business not only attracts local neighborhood residents, but also loyal customers from the Antioch/Chain-O-Lakes area. With a full kitchen, ample restaurant seating and bar space, the venue has also had years of live entertainment. There is ample parking 50 spaces(est)as well as an outdoor patio, with unobstructed views of Petite Lake. The neighborhood/Association park is directly across the street, which provides the view of the water. The property will come with any and all bar and restaurant equipment that is currently not owned by the tenant.
Tenant would like to stay !!!! This is a Super Investment and once in a lifetime opportunity!!!! Be your own boss and invest in the future Lake county!!!!
Brand new park just open down the street! Area is growing and you can too!!! Call Agent Hans Luedtke today
(847)338-3082
Tenant would like to stay !!!! This is a Super Investment and once in a lifetime opportunity!!!! Be your own boss and invest in the future Lake county!!!!
Brand new park just open down the street! Area is growing and you can too!!! Call Agent Hans Luedtke today
(847)338-3082
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Bar
Building Size
3,500 SF
Building Class
C
Year Built
1950
Price
$299,000
Price Per SF
$85.43
Cap Rate
6%
NOI
$17,940
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.66 AC
Zoning
B-2, Antioch - B2
Parking
10 Spaces (4.99 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $52,899 | |
| Land Assessment | $11,409 | Total Assessment | $64,308 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$11,409
Improvements Assessment
$52,899
Total Assessment
$64,308
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25344 W Richmond Ave
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