999 N Confidential Street
Schiller Park, IL, 60176 $ 3,800,000
Baths0.0 Sq 14,284 Monthly Estimate*
$ 25,256
Studio
for $3,800,000. This 14,284 square foot building was built on a lot size of 0.880005.
Price is for property, building and thriving Business with all equipment and fully booked events. Opportunity to purchase this recently remodeled 14,284 sf banquet/catering facility in the heart of the O'Hare market. This prime property is surrounded by small industrial, commercial, retail and residential properties. The offer price of $3,800,000. includes business (which includes all furniture, fixtures every item needed to operate and facilitate many different decors for any different occasion and fully equipped commercial kitchen with several walk-in coolers). Owner has contracts for banquets through 2024 and into 2025 and is willing to stay and train new operator for a short time. There are two full separate banquet rooms with large kitchen facility in between easily able to serve both elegant rooms. Larger room accommodates 200 - 220 people depending on the type of party. Large private party up to 200 comfortable or 220 with a shared party environment which of recent has been most popular and profitable plus 100 to 120 in the smaller room. Owner will disclose excellent income streams with parties booked through the year every weekend and more. The new remodel included: new drywall, paint, upgrade to LED light fixtures new marble dance floors and new flooring and lighting in both ballrooms. Larger room is facilitated by 4 separate washrooms smaller room 2 new baths. Private brides' rooms and office area. New walls, sinks, counters, tile floors, lights, and stalls in bathrooms. This property has been completely remodeled. A new roof was installed in November 2017 with a 10-year warranty. 63 parking spaces plus access to additional allowed parking across the street. The property is located just minutes from Donald E. Stephens Convention Center, Allstate Arena, Rosemont Theatre, Rosemont Entertainment District, MB Financial Park, the Fashion Outlets of Chicago and a wide variety of hotels and is perfectly positioned to take advantage of the opportunity to host/cater the numerous corporate functions, holiday parties, bridal/baby showers, weddings, baptisms, cotillions, anniversaries, and other events that take place throughout the year.
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Commercial ActiveBar/Tavern/Lounge,Food & Beverage,Restaurant,Servi
FeaturesGeneralCooling Central Air
Possession Closing
Roof Rubber
Zoning INDUS
Construction Materials Brick Block
Electric Other
Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Janitorial Service Taxes Insurance Repairs Roof Scavenger Structure Sewer
Stories 1
Tax Year 2022
Current Use Commercial
Business Type Bar/Tavern/Lounge Food & Beverage Restaurant Service/Misc. Other
Business Name CONFIDENTIAL
County Cook
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Possible Use Commercial Industrial Liquor License Other
Status Active
Directions 25TH AVE TO LELAND GO EAST 2 BLOCKS. PROPERTY LOCATED ON CORNER OF LELAND AVE. AND RUBY ST.
City Schiller Park
MLS Area Schiller Park
Lot Size Square Feet 38333
Street Name Confidential
Tax Annual Amount 129988
Additional Parcels Y/N N
Days on Market 6
Standard Status Active
Ownership Type Corporation
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ExteriorBuilding Area Total 14284
Lot Dimensions 275 X 127
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* Excluded FeaturesList Bymatt.mika@compass.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $25,256
- Monthly Property Taxes
- $10,832
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Schiller Park, IL
Average List Price $1,494,878
Percent of Sale Price 61%
About Schiller Park, IL 12,070 Population
4% Since 2002
$ 52,882 Median Income
38.29 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/25/2024 | $3,800,000 | | Listed Price |