241 S Milwaukee Ave - Freestanding FOR SALE


$2,495,000 USD
773-617-7629
241 S Milwaukee Ave, Wheeling, IL for Sale
$2,495,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate


HIGHLIGHTS

  • Low Property taxes due to Mixed Use
  • Gaming Income!!!!
  • High Traffic Counts On Milwaukee Ave.
  • Fully Equipped Restaurant

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$232 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,438 SF

ZONING

B-3

APN/PARCEL ID

03-12-101-050-0000,03-12-101-052-0000,03-12-101-060-0000

ASK ABOUT THIS PROPERTY

Kiki RessBHHSCHICAGOMore Info
773-617-7629

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Kiki RessBHHSCHICAGOMore Info
773-617-7629

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.