TITLE:
$$$ Gaming Revenue Bar + Restaurant
CONTROL:
Exclusive
VALUE:
$1,350,000
LOAN:
$0
EQUITY:
$1,350,000
TYPE:
Retail/Commercial
HAVE:
Bar/nightclub and beer garden with $$$ from video poker gaming high traffic route 30 south of Chicago near expressways. Owner just finished renovating.
ADDRESS:
7905 W Lincoln Hwy, Frankfort, Illinois
BENEFITS TO NEW OWNER:
-Recently Renovated
-Managment now in place
-High traffic count Route 30
-Grandfathered gaming with $$$ revenue
-Adaptable Floor Plan
-Flexible use, C2 Zoning
-Redevelopment potential
-Sizable lot 2 acres, can make 3
-Flex terms
-Possible seller financing
OTHER FILES:
GROSS SCHEDULED INCOME:
$650,000 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$650,000
EXPENSES:
$500,000
NOI:
$150,000
DEBT SERVICE:
$0
CASH FLOW:
$150,000
CAP RATE:
11.11%
BENEFITS SOUGHT:
Retirement, would consider exchange
CAN ADD:
Has other properties
REMARKS:
Lots of potential at this site making gaming $$$ and seller motivated.
COUNSELOR:
Theresa Mueller
Trelleum Real Estate
132 N Washington
Naperville, Illinois, 60540
Cell: 630-715-9999
Email info@theresamueller.com
