Description
If your dream is to own your own business do not miss this opportunity!! Enjoy the freedom to work for yourself and create your ideal lifestyle!! Current owner has established this turnkey Bar / Nightclub business over the past 15 years. There has been a bar at this location for 40+ years & with a new vision the potential is limitless! Minutes from Interstate 55, 1/4 block off major artery Archer Ave, 2.7 miles to Seat Geek Stadium, 3.9 miles to Midway International Airport. Gaming machines can add additional cash flow!! Existing kitchen and all equipment stay. Enclosed beer garden, out building & multiple storage containers included. 2-bedroom apartment on second floor can be rented for additional income. Current owner operator relocating / retiring.
Property Highlights
Property Type: Commercial - Investment
Building Description: 2.0 stories
General Information
County: Cook
Listed By:
Signorello Realty, Inc.
708-289-9753
MRED MLS
MLS ID: 12586117
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5437 S Center Avenue, Summit, IL 60501.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $900,000 | $900,000 | $900,000 |
| Down Payment | $180,000 | $31,500 | $225,000 |
| Monthly Mortgage Amount | $4,259 | $5,227 | $5,471 |
| Taxes | $1253 | $1253 | $1253 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $540 | $0 |
| Monthly Estimated Total | $5,773 | $7,281 | $6,985 |