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real estate

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Asking Worth:
$750,000

Gross Income:
N/A

Worth/Sq. Ft.:
N/A

NOI:
N/A

Constructing SF:
1,300

FF&E:
N/A

Yr Constructed:
2019

Gasoline Station For Sale with Property

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Valuation Report

Property Description

Beer & Wine License! Newly Renovated! New Gasoline & Diesel Pumps & Tanks

JUST OPENED FOR BUSINESS DEC 2019 with BEER & WINE

Already averaging 800+ gallons every day. Worker Run, Nice Alternative to Construct Enterprise!

New Pumps & Double Wall Fiberglass Tanks complete 24,000 gal. with Diesel

New Pumps & Tanks
2 pump dispensers – Four vehicles complete pump at one time
12,000 gallon fiberglass double wall tanks with dividers
1st with (8,000 common & 4,000 tremendous)
2nd with (8,000 common & 4,000 diesel)


Detailed Data

Location:
Southwick, MA
Kind:
Different Enterprise Actual Property
Constructing SF:
1,300
Constructing Standing:
Established
Services:
Whole Parking Lot finished with Stable Bolstered Concrete! No extra worrying about asphalt pavement cracking, falling aside. 10+ parking areas on website. Constructing is 1,300sf with 7 door walk-in cooler for Beer & Wine in addition to vendor issued coolers for mushy drinks.
Cause for Promoting:
Retirement, Too Removed from Residence
Present Property Bills:
Wonderful Location on State Freeway, Route 202, straightforward in/out two entry/exits. Simple truck entry for Diesel additionally.
Present and Prior Use:
Gasoline Station with Comfort Retailer! Beer & Wine, Lottery, Cigarettes, Snacks, Drinks, ATM

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Property
Listed By:
Sunny Patel

Present Cellphone Quantity

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Advert#:1275481

The knowledge on this itemizing has been supplied by the enterprise vendor or consultant
said above. BizBuySell has no stake within the sale of this enterprise, has not independently
verified any of the details about the enterprise, and assumes no accountability
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Asking Value:
$374,900

Gross Income:
N/A

Value/Sq. Ft.:
N/A

NOI:
N/A

Constructing SF:
2,800

FF&E:
N/A

12 months Constructed:
N/A

For Sale Good location Near Airport Infinite Posibilities

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Property Description

Strolling distance from halfway airport can construct patio

15 parking areas. Near Halfway airport. Alternative is knocking for somebody able to open their very own place for meals, drinks, dancing, dwell music. Low taxes, nice enterprise location, kitchen, bar, nice visibility,strolling distance to airport. Place has been in enterprise for 50 years. A number of parking, place for patio, full kitchen, full bar. Contact agent to set your appointment at the moment. Appointments might be throughout non enterprise hours. Please don’t disturb anybody at this location with out an appointment. Patrons should present proof of monetary potential to buy when requesting showings. NDA might be required when requesting all and any financials. Thanks.


Detailed Data

Location:
Chicago, IL
Sort:
Different Enterprise Actual Property
Constructing SF:
2,800
Constructing Standing:
Established
Present and Prior Use:
bar/restaurant with full kitchen

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Enterprise Location



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Property
Listed By:
RIMA ODEH

RIMA ODEH

Present Cellphone Quantity

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Advert#:1730167

The knowledge on this itemizing has been offered by the enterprise vendor or consultant
said above. BizBuySell has no stake within the sale of this enterprise, has not independently
verified any of the details about the enterprise, and assumes no duty
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Proudly owning a rental property can return money and tax benefits in a number of methods. It’s best to have rental revenue after direct bills, insurance coverage, and property taxes, and you may take a depreciation deduction to offset the taxes on that revenue. Then there's that all-important mortgage curiosity deduction.

Most enterprise homeowners share these tax perks, however the finer particulars can differ a bit at tax time. Rental property homeowners file Schedule E with their tax returns, whereas most self-employed enterprise homeowners file a Schedule C. Which means barely completely different guidelines apply.

What Counts as Rental Earnings?

Step one in decreasing your rental revenue for tax functions is knowing precisely what rental revenue is. The Inner Income Service defines it as any funds you obtain in trade for the occupation of a property that you simply personal.

This consists of month-to-month lease funds in addition to safety deposits that you simply don't return to the tenant. Maybe your lease permits you to deduct the price of sure repairs from the safety deposit if a tenant damages the property. The quantity you retain from the safety deposit turns into rental revenue within the 12 months you deduct it from the deposit.

The identical applies if the safety deposit represents the primary or final month's lease. That is reportable revenue. By the identical token, if you happen to settle for a safety deposit and it sits untouched in a belief account throughout the entirety of the rental time period, this isn't revenue, neither is any curiosity the deposit generates. The curiosity belongs to the tenant.

The Mortgage Curiosity Deduction

The rental property mortgage curiosity deduction presents vital tax advantages. Right here's the way it works utilizing an instance property bought for $325,000 with a $260,000 mortgage. Let's assume that the curiosity paid on the mortgage would quantity to roughly $16,000 within the first 12 months of the mortgage. Ought to that proprietor have a rental revenue of $36,000, taking a $16,000 deduction for the mortgage curiosity reduces their taxable rental revenue to $20,000—a big distinction.

The Inner Income Service is successfully serving to rental homeowners preserve property whereas it appreciates, having fun with a optimistic money circulate with much less tax legal responsibility on the identical time.

Deductible curiosity doesn’t simply apply to mortgages. Any loans you are taking out can qualify (and even curiosity on bank cards) so long as the associated costs are for rental actions apart from shopping for, constructing, and bettering your rental items.

Different Deductible Bills 

You’ll be able to declare a deduction for different enterprise bills you incur within the operation of your rental enterprise. In case you run adverts for tenants, you’ll be able to deduct this price. In case you pay for internet hosting or for a web site on your properties, you’ll be able to deduct these bills as properly. 

Upkeep and common repairs—however not main work that have to be depreciated—are tax-deductible, as are bills whenever you're in between tenants, corresponding to portray. You’ll be able to't deduct the prices of precise enhancements made to your property that enhance its honest market worth, nevertheless.

In case you rent skilled administration corporations or pay an legal professional and accountant for companies associated to your properties, that is deductible. You’ll be able to even deduct mileage bills driving to examine in your properties if you happen to preserve monitor of them.

The IRS rule is that your bills have to be "bizarre" and "vital" to be deductible. Which means most landlords incur them and that you simply actually couldn't put money into rental properties with out paying them.

The Depreciation Deduction

You may also deduct an expense that you simply haven't really spent any cash on. In lots of circumstances, the IRS will allow you to depreciate the worth of a construction, though not the land, over 27.5 years if it's a rental property.

Let's say you personal a rental residence that you simply purchased for $187,000. The land is valued at $37,000, so your construction is value $150,000. Divide that by 27.5 and also you get a $5,455 annual depreciation deduction. You’ll be able to, subsequently, deduct $5,455 as a depreciation expense annually of possession. 

In case you make enhancements or add furnishings or home equipment to a property, you’ll be able to deduct the prices by depreciation. Enhancements are vital upgrades to a property, corresponding to including one other bed room, putting in new home windows, or placing on a brand new roof. Repairs, that are completed to keep up the property as it’s, are deducted as rental bills, not by depreciation.

In fact, no reward from Uncle Sam comes and not using a glitch. Some or your whole depreciation is perhaps topic to recapture if you happen to finally promote the property at a revenue. 

The calculations for depreciation will be difficult. Contemplate consulting an skilled accountant for assist, and to be sure to take full benefit of your tax advantages.

The 1031 Tax Deferred Change

You owe the present price of capital beneficial properties taxes for the 12 months of the sale whenever you promote inventory shares at a revenue. It's the identical for many different funding belongings as properly, however not for actual property investments.

The principles are difficult, so that you'll most certainly want an accountant or a 1031 Change firm to use the precise particulars to your private state of affairs. However if you happen to roll all of the revenue of the sale of a rental property into one other property inside a selected timeframe and in keeping with sure tips, chances are you’ll not need to pay capital beneficial properties on that revenue. You’ll be able to cross your beneficial properties ahead till the time of a last sale.

Asking Worth:
$395,000

Gross Income:
N/A

Worth/Sq. Ft.:
N/A

NOI:
N/A

Constructing SF:
N/A

FF&E:
N/A

12 months Constructed:
N/A

Nook Comfort Retailer with Property

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Property Description

Combined use constructing

• A nook lot Handy retailer positioned off a really busy metropolis road
• Newly transformed, the shop affords a takeout meals alternative with a totally outfitted kitchen
• Very loyal clientele
• A secure brilliant retailer with 2500 sq. ft
• Open day by day 9am to 9pm
• Buying the shop with the property affords two (2) bed room flats with one other 2500 s.f. that can be utilized for retail with potential rental revenue of $3000 to $4000 a month


Detailed Data

Location:
Rochester, NY
Kind:
Retail
Constructing Standing:
Established
Location Description:
Metropolis of Rochester, NY
Present and Prior Use:
There’s an working comfort retailer, vacant retail house, two 2 bed room flats.

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Property
Listed By:
Paul Seeger

AMD Enterprise Brokers

Present Cellphone Quantity

View My Listings


Sponsoring Dealer:
AMD Enterprise Brokers

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Advert#:1729602

The knowledge on this itemizing has been supplied by the enterprise vendor or consultant
said above. BizBuySell has no stake within the sale of this enterprise, has not independently
verified any of the details about the enterprise, and assumes no accountability
for its accuracy or completeness.
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The aim of actual property investing is to attain a optimistic money stream whereas additionally realizing the opposite advantages of actual property possession, reminiscent of appreciation and tax breaks. Profitably proudly owning a rental property means accounting for each revenue and working bills.

The problem is to know what's truly included in working bills. Quite a lot of new buyers are tripped up by what's not included.

Working Bills Don't Embody Your Mortgage

"Debt service" is a serious element of money stream, optimistic or damaging. Month-to-month cost is critical for non-cash purchases.

However while you're evaluating doable rental property purchases and also you see a determine within the financials for working bills, a mortgage cost isn't included in that quantity. You'll not solely must pay these different bills however your principal and curiosity funds as properly. All the time you’ll want to analyze the money stream of the funding with nice care.

Rental Property Working Bills

There are few surprises in what is included in working bills, though figuring out them and calculating them could be tough in some instances.

  • Advertising and marketing and promoting: You possibly can deduct bills related to operating advertisements for tenants, in addition to for internet hosting and sustaining an internet site or weblog devoted to your rental enterprise.
  • Property taxes: Break them out and deduct them within the 12 months they're paid even when they're included in your mortgage cost.
  • Insurance coverage: Your annual insurance coverage premium is deductible as an working expense though it may also be escrowed and included in your mortgage funds.
  • Utilities: You possibly can deduct as an working expense any utilities that you simply pay, together with water and sewer.
  • Trash assortment: That is often a month-to-month municipal cost, and it's a legitimate working expense.
  • Administration: You possibly can deduct the price within the 12 months paid should you rent skilled administration.
  • Upkeep and repairs: You possibly can't deduct main gadgets like renovation, though they're typically depreciable for tax functions. You can deduct regular upkeep and repairs to the dwelling, nevertheless.
  • Landscaping and pool care: These are working bills and so they're deductible as properly. 
  • Accounting and authorized: Charges you pay to an accountant or lawyer associated to work carried out to your rental property are deductible as working bills.
  • Snow removing and pest management: These are legitimate working expense deductions as properly.

One other Expense That's Not an Expense

Depreciating your rental property is among the main perks concerned with money stream—the cash you both take out of your pocket or put into your pocket out of your rental enterprise. But it surely's not included in your working bills.

The IRS lets you depreciate a rental house over 27.5 years. Take the worth of the house and subtract out the land worth. Now divide the outcome by 27.5 to get the annual quantity you may declare as a tax deduction. 

Keep in mind, that is cash you actually haven't spent. It's only a calculation for tax functions. Seek the advice of with an accountant to nail down the finer particulars.

The Backside Line

Constructive month-to-month money stream is a main cause why many buyers select leases as their actual property funding area of interest. It may present nice revenue, and also you'll construct fairness over time as properly. That month-to-month test multiplied by a number of rental properties can fund your retirement fairly properly. Regular revenue from rental property could be long-term. 

Asking Worth:
$1,500,000

Gross Income:
N/A

Worth/Sq. Ft.:
N/A

NOI:
N/A

Constructing SF:
N/A

FF&E:
N/A

Yr Constructed:
N/A

12 Unit Apt, 5 Unit Home, 17 Single Homes For Sale

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Property Description

Pontiac rental property pkg

Rental properties on the market because of transferring out of state.
12 models apt, 5 unit home, 17 single homes, all up to date in good cond.
potential 1yr rental revenue: 285okay (all rented, 2 apt models vacant)
Pontiac is coming again, new Amazon distribution ctr.

See connected doc for property lists.
click on beneath hyperlink for pics.
https://www.dropbox.com/sh/lav8sacqhof5bkx/AADg4OIit_jppKjFWzXxaWSWa?dl=0


Hooked up Paperwork

property lists


Detailed Info

Location:
Pontiac, MI
Sort:
Multi-Household
Constructing Standing:
Established
Motive for Promoting:
transferring

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(from presently obtainable funds)
 

months

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Property
Listed By:
Shawn Baek

International One Realty

Present Cellphone Quantity

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Advert#:1728302

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said above. BizBuySell has no stake within the sale of this enterprise, has not independently
verified any of the details about the enterprise, and assumes no duty
for its accuracy or completeness.
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Asking Value:
$2,800,000

Gross Income:
$650,000

Value/Sq. Ft.:
N/A

NOI:
N/A

Constructing SF:
N/A

FF&E:
N/A

12 months Constructed:
N/A

617 Northside Blvd – NAMPA INN AND SUITES

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Valuation Report

Property Description

Resort On the market in Nampa

This can be a three story, inside hall resort having 62 items, which features a supervisor’s condo on the primary degree. The property is compact and straightforward to function and keep and can be a wonderful location for an onsite proprietor/operator.

Conveniently situated in Nampa proper on Northside Boulevard on the Marsing Exit #35 off Interstate 84 close to the Nampa Civic Middle, Northwest Nazarene College and the brand new Idaho Middle multi-event complicated.

The Resort has rooms and suites has free Wi-Fi and cable TV, mini-fridges, microwaves, and tea and coffee-maker amenities.

Parking an outside pool, a scorching tub and a sauna.

2 miles from Lions Park and four miles from aviation memorabilia on the Warhawk Air Museum.


Detailed Data

Location:
Nampa, ID
Kind:
Different Enterprise Actual Property
Constructing Standing:
Established
Services:
swimming pool , steam room , scorching tub
Location Description:
exit 35 proper off of i84
Present and Prior Use:
nicely established resort

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Property
Listed By:
Anil Chopra

Ashiana Property

Present Telephone Quantity

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Advert#:1714356

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said above. BizBuySell has no stake within the sale of this enterprise, has not independently
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Asking Value:
$875,000

Gross Income:
N/A

Value/Sq. Ft.:
N/A

NOI:
N/A

Constructing SF:
3,252

FF&E:
N/A

Yr Constructed:
1900

Restaurant & Business Advanced

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Property Description

Restaurant, Pub & Commeercial Advanced for Sale

Beloved and iconic, West Finish Pub Restaurant advanced is now on the market. This nicely established, anchor enterprise in Shelburne Falls, has grow to be the point of interest of the group and is situated on the finish of the Bridge of Flowers alongside the Deerfield River. Implausible location, excessive visitors stream with vacationers and guests from world wide at your step. Sale contains 16-18 & 20 State Road buildings, West Finish Pub Restaurant enterprise, all furnishings, fixtures & gear. Restaurant seats 50, has a 12 seat bar, full liquor license & features a 2nd-floor studio residence w cathedral ceiling, sleeping loft, galley kitchen & tub. 20 State Road gives 1st-floor retail area, personal tub & presently rented as a Bookstore. Upstairs is a 1 bed room residence, w personal deck, overlooking the river. Updates embrace newer heating programs, AC, electrical, enclosed year-round deck, fireplace alarm, burglar alarm, digital camera safety & music programs. City water, city sewer. Worthwhile, turn-key enterprise!


Detailed Info

Location:
Shelburne Falls, MA
Kind:
Different Enterprise Actual Property
Constructing SF:
3,252
Constructing Standing:
Established
Amenities:
Comprised of two buildings aspect by aspect. 16-18 State Road’s, first degree is the West Finish Pub, Restaurant, and Bar. Included within the sale, all stock, furnishings, fixtures & gear. There’s a full liquor license. The second ground is a studio, with a sleeping loft and full tub. At the moment getting used as workplace area and gives expansive mountain and river views. 20 State Road’s, first degree is retail area and presently rented as a bookstore. The second degree is a one-bedroom residence, with its personal personal deck overlooking the river.
Financing:
Nondisclosure Settlement ( NDA) should be signed previous to viewing financials.
Cause for Promoting:
Proprietor is retiring
Present Property Bills:
Actual Property Taxes: $5,754 Tax Yr: 2019
Location Description:
Positioned on the finish of the internationally identified, Bridge of Flowers, with 1000’s of vacationers and guests from world wide proper at your step. Nestled within the foothills of the Berkshire Mountains with the Deerfield River flowing serenely by means of, Shelburne Falls is a treasure value exploring. Stroll the village and luxuriate in it is pure magnificence, high-quality arts, and distinctive outlets. Shelburne Falls, chosen as one of many 100 Greatest Small Artwork Cities in America and designated as one of many 15 “Nice Locations in America.” Really a uncommon discover.
Present and Prior Use:
Zoned, Blended Use: Present use is a mix of economic, retail and residential.

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Property
Listed By:
Cathy Roberts

Cohn & Firm Actual Property

Present Cellphone Quantity

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Advert#:1721023

The knowledge on this itemizing has been supplied by the enterprise vendor or consultant
acknowledged above. BizBuySell has no stake within the sale of this enterprise, has not independently
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Capitalization Price, or Cap Price, is a calculation device used to worth actual property, principally business and multi-family properties. It’s the NOI, Internet Working Earnings of the property divided by the present market worth or buy worth. NOI equals all income from the property minus all needed working bills.

Serving your actual property investor purchasers, you'll want to have the ability to assist them within the valuation of revenue properties. A standard methodology used, amongst others, is the capitalization fee, or cap fee. As soon as your consumer has an revenue property into consideration, you possibly can assist them to see if the asking worth is justified through the use of the present cap fee for comparable properties and the web revenue this property generates.

Decide Property Earnings That Justifies the Asking Value

In case your consumer is aware of the asking worth of a property and the present cap fee for related properties, you possibly can calculate the web rental incomes essential to justify the asking worth.

For instance, if a property bought for $1,000,000 and the full income after bills or NOI was $150,000, the cap fee can be 15% (150,000/1,000,000 = .15 * 100 = 15%).

What if different properties within the neighborhood additionally bought for the same quantity however solely yielded 100,000 in NOI? The cap fee for these properties can be 10%. A decrease cap fee on this instance may very well be the results of a decrease NOI on account of increased working bills (resulting in a decrease revenue from the funding) or decrease income being earned on the properties.

By analyzing the cap fee and the web working revenue earned on properties within the space, you will get a way of what the potential return will likely be on the property you're trying to purchase. From there, you possibly can decide if the asking worth is just too excessive or not.

Different Calculations to Worth a Actual Property Funding

Actual property investing has sufficient danger with out your purchasers taking over extra by buying over-valued revenue producing properties. A part of your worth as an actual property agent or dealer is to help them in figuring out the true worth of a property. Utilizing the capitalization fee is without doubt one of the numerous valuation instruments, and also you'll learn to use them on the hyperlinks on this profile of the cap fee device. What are a few of the different calculation instruments utilized in business and residential property valuation?

  • NOI, Internet Working Earnings: As an actual property skilled serving funding purchasers, you must be very aware of all of the strategies of valuation of revenue properties. Considered one of these is the calculation of Internet Working Earnings, as it’s used with cap fee to find out the worth of a property. As acknowledged earlier is the web results of income from the property minus working bills. Nevertheless, NOI is earlier than taxes and doesn't embrace principal and curiosity funds on any loans.
  • Internet Rental Yield: The rental yield is much like NOI however takes into consideration taxes. You may calculate the month-to-month rental revenue minus month-to-month bills and tax funds. From there, you divide that determine by the market worth worth to get internet rental yield. It's essential to incorporate restore prices and maintenance as nicely.
  • Gross Hire Multiplier: The GRM is calculated by dividing the market worth of the property by the annual gross revenue. The GRM determine provides you an approximate return on a property with out factoring in bills. The Gross Rental Multiplier (GRM) is simple to calculate however isn't a really exact device for ascertaining worth.
  • Money Movement of a Rental Property: Money movement evaluation is useful in figuring out how a lot month-to-month revenue (or money) is left over after restore prices, bills, and a emptiness fee. Properties would possibly sit idle for a couple of months and emptiness must be factored into the evaluation. Money movement evaluation is useful in offering the month-to-month revenue to earn again your preliminary money outlay for the downpayment or any repairs.
  • Gross Potential Earnings: We wish to know what revenue will likely be realized if a property is absolutely occupied and all rents are collected. We take the variety of models occasions annual hire for a complete. 
  • Gross Working Earnings, GOI: As soon as we all know the Gross Potential Earnings of an actual property funding property, we arrive on the Gross Working Earnings by subtracting out the estimated annual losses on account of non-payment or vacancies.
  • Depreciation of a Rental Property: We depreciate the constructing by deducting out the worth of the land and dividing the constructing worth by 27.5 years for annual depreciation. For instance, a constructing is valued at $245,000, so we divide $245,000 by 27.5 years, which equals $8,909 in annual depreciation. Depreciation can be utilized as a tax deduction.
  • Breakeven Ratio for Rental Property: Lenders use the break-even ratio as one in all their evaluation strategies when contemplating offering financing for an actual property funding property. The breakeven ratio elements revenue gross rental revenue, debt servicing or mortgage funds, and all working bills. Too excessive of a break-even ratio is a cautionary indicator.

The great thing about actual property funding is that there are these dependable calculation instruments to guage your funding. 

Asking Worth:
N/A

Gross Income:
N/A

Worth/Sq. Ft.:
N/A

NOI:
N/A

Constructing SF:
12,000

FF&E:
N/A

Yr Constructed:
1999

Established Excessive Finish Restaurant For Sale-Enterprise & Actual Property

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Property Description

Upscale Restaurant

HIGH END-WELL ESTABLISHED RESTAURANT (BUSINESS,EQUIPMENTS, FURNITURE & REAL ESTATE) FOR SALE

ASKING PRICE 4.Four MILLION
IN BUSINESS SINCE 1977 @ OTHER LACATIONS! 20 YEARS AT THIS LOCATION

WILL COUNTY, ILLINOIS

HOURS OF OPERATION TUESDAY-SUNDAY/ ONLY OPENED FOR DINNER
PRONOUN NAME & ESTABLISHED RESTAURANT FOR OVER 20 YEARS, GREAT INCOME, TURN KEY OPERATION, FAMILY OPERATED, REPUATABLE ESTABLISHEMNT. 2.Three ACRES IN A PRIME LOCATION, RESTAURANT OFFERS 9,875 SQUARE FEET SOLID MASONARY BUILDING, BUILT IN 1999 & 1,958 SQUARE FEET PARTIAL FINISHED BASEMENT, VERY WELL MAINTAINED, AMBIANCE FROM THE MOMENT YOU WALK IN TO AN INVITING RECEPTION AREA, OFFICE, COAT CHECK ROOM, 2 LAVATORIES, (3RD) LAVATORY FOR EMPLOYEES, 397 PERSON CAPACITY, MAGNIFICIENT 2 HUGE DINNING AREAS, WRAP AROUND BAR, (3) PRIVATE ROOMS THAT COULD OPEN INTO ONE, EXCELLENT FOR ALL OCASSIONS AND PRIVATE PARTIES. STATE OF THE ART KITCHEN, WALKING COOLERS, FULLY EQUIPED, 2,500 LB CAPACITY ELEVATOR. FLEXICORE BUILDING, SPRINKLER SYSTEM, HEATED SIDEWALKS, BEAUTIFUL OUTDOOR PATIO, HEATED FLOORS IN RECEPTION AREA & BATHROOMS. 107 PLUS PARKING SPACES. OUTDOOR PATIO AND EXTRA GRASS AREA IN THE BACK, MAGNIFICENT LANDSCAP. GRASS AREA IN THE BACK GREAT FOR A BEER GARDEN. ACUAL INCOME & EXPENSE IS AVAILABLE UPON PROOF OF FUNDS TO ALL QUALIFIED BUYERS. PROPERTY IS HIGHLY CONFIDENTIAL, NDA & PROOF OF FUNDS ARE MANDATORY FOR ALL SHOWINGS. MANAGEMENT WILLING TO STAY IN OPERATION UPON REQUEST FOR ALL INVESTORS. CALL RIMA ODEH AT 708-856-5100 FOR MORE INFORMATION.


Detailed Info

Location:
Will County, IL
Sort:
Different Enterprise Actual Property
Constructing SF:
12,000
Constructing Standing:
Established
Amenities:
EQUIP HIGH END-WELL ESTABLISHED RESTAURANT (BUSINESS, MENTS, FURNITURE & REAL ESTATE) FOR SALE

ASKING PRICE 4.Four MILLION

HOURS OF OPERATION TUESDAY-SUNDAY/ ONLY OPENED FOR DINNER
PRONOUN NAME & ESTABLISHED RESTAURANT FOR OVER 20 YEARS, GREAT INCOME, TURN KEY OPERATION, FAMILY OPERATED, REPUATABLE ESTABLISHEMNT. 2.Three ACRES IN A PRIME LOCATION, RESTAURANT OFFERS 9,875 SQUARE FEET SOLID MASONARY BUILDING, BUILT IN 1999 & 1,958 SQUARE FEET PARTIAL FINISHED BASEMENT, VERY WELL MAINTAINED, AMBIANCE FROM THE MOMENT YOU WALK IN TO AN INVITING RECEPTION AREA, OFFICE, COAT CHECK ROOM, 2 LAVATORIES, (3RD) LAVATORY FOR EMPLOYEES, 397 PERSON CAPACITY, MAGNIFICIENT 2 HUGE DINNING AREAS, WRAP AROUND BAR, (3) PRIVATE ROOMS THAT COULD OPEN INTO ONE, EXCELLENT FOR ALL OCASSIONS AND PRIVATE PARTIES. STATE OF THE ART KITCHEN, WALKING COOLERS, FULLY EQUIPED, 2,500 LB CAPACITY ELEVATOR. FLEXICORE BUILDING, SPRINKLER SYSTEM, HEATED SIDEWALKS, BEAUTIFUL OUTDOOR PATIO, HEATED FLOORS IN RECEPTION AREA & BATHROOMS. 107 PLUS PARKING SPACES. OUTDOOR PATIO AND EXTRA GRASS AREA IN THE BACK, MAGNIFICENT LANDSCAP. GRASS AREA IN THE BACK GREAT FOR A BEER GARDEN. ACUAL INCOME & EXPENSE IS AVAILABLE UPON PROOF OF FUNDS TO ALL QUALIFIED BUYERS. PROPERTY IS HIGHLY CONFIDENTIAL, NDA & PROOF OF FUNDS ARE MANDATORY FOR ALL SHOWINGS. MANAGEMENT WILLING TO STAY IN OPERATION UPON REQUEST FOR ALL INVESTORS. CALL RIMA ODEH AT 708-856-5100 FOR MORE INFORMATION.

Present Property Bills:
to certified consumers solely
Location Description:
Zoned C-3, lower than a mile away from main freeway entry.
Present and Prior Use:
Restaurant

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Property
Listed By:
RIMA ODEH

RIMA ODEH

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