$908,000
$990,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
1801 Martin Luther King Jr DR North Chicago, IL 60064
5,628 SqFt
Key Details
Sold Price $908,000
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Sold
Purchase Type For Sale
Square Footage 5,628 sqft
Price per Sqft $161
MLS Listing ID 10106406
Sold Date 12/27/18
Annual Tax Amount $24,600
Tax Year 2017
Lot Dimensions 80X125
Property Description
Located in Chicago Metro about 60 minutes from Chicago Downtown in a great neighborhood. located in Lake County, IL Seller Financing Available if needed for the down payment help. Real Estate: Owned Included in asking price Building SF: 5,628 Employees: 5 Furniture, Fixtures, & Equipment (FF&E): Included in asking price Facilities: The building consists of 2 retail storefronts and one apartment. 3,958 sq ft of the space is used for the convenience and grocery store. Support & Training: Yes Reason for Selling: Other business interests * High Volume Store Avg $104,000 per month. It has a high ratio of grocery sales and 10% of deli sale, both at a very high margin. Total store profit margin exceeds 32% or more * Additional rental income $1,800 per month from apartment and retail storefront. * Plus $34,919 per year in additional revenue from Lotto * Plus potential income of $6,500 per month from the gaming machines. location was just approved for gaming machines.
Location
State IL
County Lake
Area North Chicago
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Level or Stories 2
Structure Type Brick,Concrete,Block,Steel Siding
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Bought with Syed Brokerage & Capital Co.
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