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Key Details
Sold Price $850,000
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Sold
Purchase Type For Sale
Square Footage 9,440 sqft
Price per Sqft $90
MLS Listing ID 11268094
Sold Date 05/23/23
Annual Tax Amount $70,000
Tax Year 2020
Lot Dimensions 220X232X267X217
Property Description
Garden Chalet Banquets and Catering land, building, and business! Located on Ridgeland Avenue just 1 block North of 111th and Ridgeland Avenue Busy Stoplight Corner. Recently upgraded in "so many ways" including new parking lot, new HVAC, new Roof, new Marque. Seats over 300 total along with a new outdoor Patio area with decorative inlaid pavers and convenient service area. Entire block provides ample parking for over 120 cars. Over 200 feet frontage on Ridgeland with 268 foot depth to Nagle Ave in rear. Just 1 block from new Thornton's Service and Grocery at 111th and Ridgeland. Weddings, Graduations, Bridal Parties, Funeral Luncheons, Confirmations, family get together's, etc. etc. Long history of events and memorable gatherings. Current bookings into 2022 included. Over $225000 net income to owner. Call agent for detailed business numbers. Building includes private offices, 2 banquet rooms fully decorated with high lighting, wall papering, flooring, large windows and beautiful window coverings, 4 nicely decorated washrooms, Bridal room. Single family home in rear can also be purchased as a "package deal". Over an acre of business zone land and 10,000 sq ft of updated building. Great bargain price by itself. Add the business what a opportunity.
Location
State IL
County Cook
Area Worth
Zoning COMMR
Interior
Cooling Central Air, Central Individual
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Sewer-Storm Available, Water-Municipal
Roof Type Composition, Fiberglass, Membrane
Building
Level or Stories 1
Structure Type Brick, Concrete, Block, Steel Siding, Stone
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Bought with Eliad Elyon • Prestige Properties Real Estate Pros Inc