$170,000

Est. payment -/mo

$199,000

14.6%

Est.Price: ?

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CONFIDEN Division ST Chicago, IL 60622

3,492 SqFt

SOLD DATE : 12/17/2018

Key Details

Sold Price $170,000

Property Type Commercial

Sub Type Bus / Bus w/Real Est

Listing Status Sold

Purchase Type For Sale

Square Footage 3,492 sqft

Price per Sqft $48

MLS Listing ID 09840558

Tax Year 2016

Property Sub-Type Bus / Bus w/Real Est

Property Description

Fine Dining Italian Restaurant For Sale-Sublease, Liquor License & all FFE Included! 1,200 Sq Ft restaurant w/incidental liquor license & under market lease rate in heart of Wicker Park. High-visibility Division St location w/avg traffic of over 12,900 VPD. Acclaimed business w/4 Michelin Guide recommendations, 4 OpenTable Diners' Choice Awards, a Zagat Rating, renowned menu, regular clientele & seasoned management/staff of 12 to remain following sale. Built out w/high-end finishes incl hardwood floors, full bar w/custom millwork, floor-to-ceiling storefront windows, high ceilings & exposed brick/ductwork. Fully-equipped kitchen w/black iron, 2 bathrooms, large front patio on double-wide sidewalk, full basement w/prep kitchen & employee parking in rear (for 6 cars). Sublease w/under market rents for 2 upstairs apts (one 2-Bed/2-Bath & one 3-Bed/2-Bath) ALSO INCLUDED in sale. Gross revenue of $800,000+, EBITDA of $182,000 & excellent ROI w/under 2-year payback = TRUE TURNKEY INVESTMENT!