Seller Financing
Address
5616-24 W Diversey Avenue, Chicago, IL
Price
$ 3,499,000
Property Attributes
- MLS#11783536
- TypeBusiness Op
- CountyCOOK
- CityChicago
- AreaCHI - Belmont Cragin
- Zip60639
- StyleBar/Tavern/Lounge
- Taxes$ 69675
- Price$ 3,499,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage13204
- Lot Size0.344353 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Seller financing available with a substantial down-payment. Transferable, corporately held Tavern & PPA licenses. Legal occupancy 611 persons within a 10,300 SF nightclub. Impeccable buildout with 3 bars in the main room and a 4th bar in the lounge area. The stage is 29 feet wide X 13.5 feet deep. Ceiling height is 17 feet in the main room with 9-foot ceilings in the lounge area which includes a VIP room; bottle service is offered in both. All FF&E, sound system, lighting, etc. is included. The nightclub building has 75 feet of frontage by 120 feet of depth. The adjacent west side lot (48' X 120') has parking for 10+ cars behind the 2,904 SF building (48' X 60.5') If valet parked, the lot across Diversey south of the nightclub can park 100 + cars; 125' X 125' (15,625 SF). There is a sizeable yearly rental income.
| Price History | |
|---|---|
| 5/15/2023 | Listed $3,799,000 |
| 8/29/2023 | 8% - $3,499,000 |
General Features
| Cooling | Central Air |
|---|---|
| Possession | Closing |
| Zoning | COMMR |
| Electric | Over 600 Amps |
| Tenant Pays | Air Conditioning,Common Area Maintenance,Electricity,Heat,Janitorial Service,Operating Stops,Taxes,Insurance,Repairs,Roof,Scavenger,Sewer |
| Stories | 1 |
| Tax Year | 2021 |
| Business Type | Bar/Tavern/Lounge |
| Business Name | STEREO NIGHTCLUB |
| County | Cook |
| Property Type | Business Opportunity |
| Status | Active |
| Directions | East or West on Division to Address |
| City | Chicago |
| MLS Area | CHI - Belmont Cragin |
| Lot Size Square Feet | 15000 |
| Street Name | Diversey |
| Tax Annual Amount | 69675 |
| Additional Parcels Y/N | Yes |
| Days on Market | 360 |
| Standard Status | Active |
| Property Type | Bus / Bus w/Real Est |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Building Area Total | 13204 |
|---|---|
| Lot Dimensions | 125X120 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Business Op Average in 60639
Price
Taxes
Visits
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Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of May 19, 2024 12:45 AM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of May 19, 2024 12:45 AM UTC
