106 North Main Street #1

GLENWOOD, IL 60425

$7,500

 
MLS# 09559885


Description

Free standing restaurant-bar-lounge-banquets-carryout-catering with drive thru window includes two catering trucks, five slot machines averaging $120,000 gross monthly which generates $11,000 a month profit run by absentee owner pays more than $207,000 in management and extra expenses that an owner operator could save. 13,325 +/- SF building with 11,000 SF lower level. Has a two bedroom apartment on the second floor that pays $700 a month, newly constructed for Real Estate tax purpose. Before ownership was paying $125,000 in Real Estate taxes, now with the apartment only $49,000.00. 2.07 acres of paved and lighted parking lots. Parks 166 vehicles. Seats bar lounge area 93, dining room 130 and banquets 250.
Listed:
03/09/17
Original Price:
$1,595,000
Price Change:
12.3%
Price Per Sq Ft
$104.99

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Listing Office: Coldwell Banker Residential

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Glenwood

Glenwood is a welcoming village located 23 miles south of the Loop and 4 miles from the Indiana border .  Click here to read more.


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