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8675 S Archer Ave 20,000 SF 100% Leased Retail Building Willow Springs, IL 60480 $3,490,000 ($174.50/SF)
Executive Summary
Family owned & operated at this location for over 25 years. Owners are retiring. Real estate & business are included in the sale. This banquet hall is very unique and located in highly visible location. This is very well-established business. Please do not approach the employees. The building has 3 banquet halls. One - Grand Ballroom which may hold up to 400 people. This is on 2nd floor and includes passenger elevator. Two smaller banquet halls on the 1st floor- Castle Room & Medieval Room. Castle Room may hold up to 140 people and Medieval Room up to 80 people. Fully equipped kitchens, full-service bars, and Men's & Women's bathrooms on both floors. Very well-maintained building. Must see to appreciate the building and the location with very large parking.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
20,000 SF
Building Class
B
Year Built
1930
Price
$3,490,000
Price Per SF
$174.50
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.69
Lot Size
0.27 AC
Zoning
B-1 - Neighborhood Shopping District
Parking
180 Spaces (9 Spaces per 1,000 SF Leased)
Frontage
274’ on Archer Ave
Amenities
- Pylon Sign
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 18-33-319-006-0000 | Improvements Assessment | $3,342 |
| Land Assessment | $27,000 | Total Assessment | $30,342 |
Property Taxes
Parcel Number
18-33-319-006-0000
Land Assessment
$27,000
Improvements Assessment
$3,342
Total Assessment
$30,342
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Presented by
American Realtors & Associates, Inc
8675 S Archer Ave
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