North Chicago, IL 60064,1801 Martin Luther King Jr DR
North Chicago, IL 60064,1801 Martin Luther King Jr DR
$908,000
Est. payment /mo
$990,000
8.3%
Est.Price: ?

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5,628 SqFt
SOLD DATE : 12/27/2018

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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Midwest Real Estate Data (MRED) IDX
Listed by Syed Brokerage & Capital Co.
Bought with Syed Brokerage & Capital Co.

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Jaime Birks

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