260 Lincoln Highway

    Dekalb, IL 60115
    • $975,000
    • STATUS: Active
    • ON SITE: 249 days
    • MLS #: 09885353
    UPDATED: 56 min ago
    $975,000
    • 0
      BEDS
    • Less Than .25 Acre
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,700
      SQFT
    • $112
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    FOR SALE. FOR LEASE. PRIME BRICK COMMERCIAL PROPERTY IN EXCELLENT CONDITION IN DEKALB'S DOWNTOWN BUSINESS DISTRICT offers 8,700 sq. ft. w/ additional 5,000 basement sq. ft. 2016 improvements include new rubber membrane flat roof w/ 5-unit high-tech Amana heat/cool mechanicals. Schindler hydraulic elevator w/ 4,000 lb. capacity (to code) w/ control room, whole building sprinkler system monitored by Simplex, Phase 3 electrical, 2017 updated draft system & ADT alarm system equip this commercial property. 172 first level seating, 100 upper level banquet seating & 40 outdoor patio seating. Turn-key opportunity, this business has been successfully established since 2004, currently holding licences to provide liquor, restaurant, catering, gaming & banquet services. New double entry doors, Pennsylvania Amish-built tables, authentic tin ceiling, stools, red oak booths/columns, mahogany wood & stone bar, refinished maple floors & 11 TVs. 165 non-metered parking. Built by JC Penneys in 1937.

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    © 2018 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Ani Real Estate. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Ani Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2018-11-20T11:51:52.357.

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    www.anirealestate.com/homes/81596273

    260 Lincoln Highway Dekalb, IL 60115

    • Price: $975,000
    • Status: Active
    • Updated: 56 min ago
    • MLS #: 09885353
    0
    Beds
    0
    Baths
    0
    ½ Baths
    Less Than .25 Acre
    Acres
    8,700
    SQFT
    $112
    $/SQFT
    Neighborhood:
    De Kalb
    County:
    De Kalb
    Area:
    De Kalb
    Property Description
    FOR SALE. FOR LEASE. PRIME BRICK COMMERCIAL PROPERTY IN EXCELLENT CONDITION IN DEKALB'S DOWNTOWN BUSINESS DISTRICT offers 8,700 sq. ft. w/ additional 5,000 basement sq. ft. 2016 improvements include new rubber membrane flat roof w/ 5-unit high-tech Amana heat/cool mechanicals. Schindler hydraulic elevator w/ 4,000 lb. capacity (to code) w/ control room, whole building sprinkler system monitored by Simplex, Phase 3 electrical, 2017 updated draft system & ADT alarm system equip this commercial property. 172 first level seating, 100 upper level banquet seating & 40 outdoor patio seating. Turn-key opportunity, this business has been successfully established since 2004, currently holding licences to provide liquor, restaurant, catering, gaming & banquet services. New double entry doors, Pennsylvania Amish-built tables, authentic tin ceiling, stools, red oak booths/columns, mahogany wood & stone bar, refinished maple floors & 11 TVs. 165 non-metered parking. Built by JC Penneys in 1937.
    Exterior Features

    Approx Land Sq Footage 8700 Construction BrickStone Frontage Access Signal IntersectionState Road Land Amenities Lighting/ExteriorOther Location Central Business DistrictCorner Lot Dimensions 55.18 X 83.70 X 56 X 104.7 Lot Sq Ft 5726 Number Of Parking Spaces 165 Roof Coverings MembraneRubber Waterfront YN No

    Interior Features

    Air Conditioning Central Air Miscellaneous Inside Elevator/S PassengerHandicapped AccessPrivate Restroom/SStorage InsideOther Number Of Stories 2 Outdoor Parking Over 100 SpacesCommon ParkingLightedPavedPublic Lot

    Property Features

    Adj Net Inc Expense Source Owner Projection Adjusted Net Income 999 Ann Rnt Expense Source Owner Projection Annual Rent For Real Estate 6250 Business Age 11+ Years Business Type Bar/Lounge/Nite ClubRestaurantOther Corporate Limits Dekalb Cost Of Goods Expense Source Owner Projection Cost Of Goods Sold 999 Cost Of Goods Year 2017 Current Use Commercial Electrical Service 3 Phase Food Beverage Type RestaurantBanquetCatering Gross Payroll 999 Gross Payroll Expense Source Owner Projection Gross Payroll Year 2017 Gross Profit 999 Gross Profit Expense Source Owner Projection Gross Profit Year 2017 Gross Sales Ann Expense Source Owner Projection Gross Sales Ann Year 2017 Gross Sales Annual 999 Heat Ventilation Forced AirGas Inventory 0 Inventory Expense Source Owner Projection Inventory Year 2017 Known Encumbrances First Mortgage Living Quarters None Miscellaneous Outside PatioSecurity System Net Operating Income Year 2017 Net Profit 999 Net Profit Source Owner Projection Possession ClosingImmediate Potential Use CommercialLiquor License Property Offered For Sale Only Proprietary Info Furniture/Fix/Equip ListOther Real Estate Included YN Yes Sale Terms ConventionalContract (Articles) For DeedLease/PurchaseRent W/ OptionCash Only Seating Capacity 100+ Tax Year 2017 Taxes $10276 Tenant Pays Air ConditioningElectricHeatJanitorialReal Property TaxesInsuranceRepairs And MaintenanceRoofScavengerStructureWater/SewerCooking Gas Total Op Exp Year 2017 Total Op Expense Source Owner Projection Total Operating Expenses 999 Type Of Lease Gross LeaseEscalationsPurchase Option Type Ownership Business Corporation Unincorporated YN No Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater-MunicipalWater To Site Zoning Type Commr

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of Coldwell Banker The Real Estate Group.


    © 2018 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Ani Real Estate. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Ani Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2018-11-20T11:51:52.357.

    Digital Millennium Copyright Act
     
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