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3636-3646 147th Street, Midlothian, IL 6 2 Retail Properties Offered at $1,199,000 in Midlothian, IL
Investment Highlights
- Vacant land between buildings ideal for a future outdoor beer garden or patio concept
- Two fully equipped individual bar/gaming buildings
- Proof of funds is required prior to scheduling a showing
- Potential for up to 12 total video gaming terminals across the two corporate entities
- The Gracie’s Wine Bar & Gaming Café and Cuzin’s Tavern, Gaming & Pizza brands are NOT included in the sale.
- Two corporately held, transferable tavern licenses
Executive Summary
An exceptional opportunity to acquire two corporately held, transferable tavern licenses along with two fully equipped individual bar/gaming buildings being offered together as a package deal. The sale includes the vacant land between the two buildings, creating an excellent opportunity for a future outdoor beer garden, patio, or expanded entertainment concept. This package is especially attractive for an operator seeking multiple licensed locations in one consolidated property footprint. By purchasing both corporate entities, each building is currently structured to allow up to 6 video gaming terminals per location, for a combined total of 12 video gaming terminals for one purchaser, subject to all required licensing, municipal, and regulatory approvals. The Gracie’s Wine Bar & Gaming Café and Cuzin’s Tavern, Gaming & Pizza brands are NOT included in the sale. A rebrand will be required. Proof of Funds is required prior to scheduling a showing.
Property Facts
| Price | $1,199,000 | Number of Properties | 2 |
| Price / SF | $257.85 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 4,650 SF |
| Status | Active | Total Land Area | 1.89 AC |
| Price | $1,199,000 |
| Price / SF | $257.85 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 4,650 SF |
| Total Land Area | 1.89 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3642 147th St, Midlothian, IL 60445 | Retail | 3,300 SF | 1958 | - |
| 3636 147th St, Midlothian, IL 60445 | Retail | 1,350 SF | 1926 | - |
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3636-3646 147th Street, Midlothian, IL 6