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Chicago,IL 60622
Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $38
MLS Listing ID 12134925
Annual Tax Amount $999,999
Tax Year 2023
Lot Dimensions 50X125
Property Description
This is a rare opportunity to acquire a highly successful, family-owned restaurant with a well-established reputation in Chicago's thriving West Town neighborhood. A staple in the neighborhood for decades, this business has cultivated a loyal customer base and earned a stellar 4.5-star rating across numerous reviews. The sale includes all Furniture, Fixtures, and Equipment (FFE), current inventory, the restaurant's established name, branding, and proprietary recipes, ensuring a seamless transition and continuity of the business. The 1,200-square-foot space features a fully equipped kitchen, ready for immediate operation, and offers both indoor dining and additional outdoor seating, ideal for Chicago's warmer months. Complimentary parking enhances convenience for patrons. The restaurant is renowned for its breakfast platters, gourmet omelettes, sandwiches served on French bread, and a specialty in burgers and teriyaki cuisine, distinguishing it as a unique culinary destination in the area. Situated on a prime corner location with views from both streets at a corner light intersection, the restaurant benefits from maximum visibility and foot traffic in the vibrant West Town neighborhood, a highly sought-after area known for its dynamic community and thriving businesses. This business generates an annual gross revenue of over $400,000, with very low operating expenses, making it an exceptionally attractive investment, especially for seasoned investors or owners within this industry. The property is zoned C3-2, a highly desirable classification that provides the most opportunities for businesses in Chicago, allowing for diverse business operations and expansion possibilities. Please note that this is strictly a business sale, with no real estate included. To gather a detailed list of all FFE's, financials, the sale Offering Memorandum, employee count, and full details of the commercial lease, please contact the listing party. Do not miss this exceptional opportunity to step into a turn-key operation with a proven track record of success.
Location
State IL
County Cook
Area Chi - West Town
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Bus / Bus w/Real Est
Level or Stories 3
Structure Type Brick