101 W Main St
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101 W Main St
4,800 SF Retail Building West Dundee, IL 60118 £938,940 (£196/SF) 7% Net Initial Yield
Investment Highlights
- Busy street; historic downtown; across from concert venue; public parking
Executive Summary
The building is for sale. There is an existing tenant running the existing business paying monthly rent. This is a great investment opportunity. The area has been steadily increasing in value with many ongoing neighborhood investments and improvements. The building is fully remodeled inside and out.
This business is a favorite among locals and concert goers to the music venue across the street. This building was totally remodeled from top to bottom inside and out. The decor is up to date with granite bar and counter tops, and a newly bricked outside including French style balconies with a nice view of the nearby Fox river. This location has been a restaurant/bar for more than 50 years. The menu boasts the best food in the area including family recipes with comfort food made from scratch. The location has 5 video poker gaming machines, 12 draft beer taps, and 9 large screen TVs for sporting events. There is an upstairs with an office with full bathroom, two public restrooms, and party room with bar that overlooks the historic town for party rentals, banquets, meetings, live bands, DJs and more. There is a full basement for kitchen prep, dish room, manager’s office, walk in coolers, liquor cage and storage. There is a patio for outside seating and a walk-up window for delivery and pickup. There is plenty of public parking in the full parking lot.
Facilities: The building has two newly remodeled levels with 3200 square feet built in the 1930s with a lot of character both inside and out. There is an additional basement not included in the 3200 square feet. The HVAC units and most kitchen and bar equipment are new.
Growth & Expansion: Advertising the upstairs Fusion Lounge for parties, banquets, catering, live bands, DJs and business meetings.
This business is a favorite among locals and concert goers to the music venue across the street. This building was totally remodeled from top to bottom inside and out. The decor is up to date with granite bar and counter tops, and a newly bricked outside including French style balconies with a nice view of the nearby Fox river. This location has been a restaurant/bar for more than 50 years. The menu boasts the best food in the area including family recipes with comfort food made from scratch. The location has 5 video poker gaming machines, 12 draft beer taps, and 9 large screen TVs for sporting events. There is an upstairs with an office with full bathroom, two public restrooms, and party room with bar that overlooks the historic town for party rentals, banquets, meetings, live bands, DJs and more. There is a full basement for kitchen prep, dish room, manager’s office, walk in coolers, liquor cage and storage. There is a patio for outside seating and a walk-up window for delivery and pickup. There is plenty of public parking in the full parking lot.
Facilities: The building has two newly remodeled levels with 3200 square feet built in the 1930s with a lot of character both inside and out. There is an additional basement not included in the 3200 square feet. The HVAC units and most kitchen and bar equipment are new.
Growth & Expansion: Advertising the upstairs Fusion Lounge for parties, banquets, catering, live bands, DJs and business meetings.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
---|---|---|
Taxes | £18,779 | £3.91 |
Operating Expenses | - | - |
Total Expenses | £18,779 | £3.91 |
Financial Summary (Actual - 2023)
Taxes | |
---|---|
Annual | £18,779 |
Annual Per SF | £3.91 |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | £18,779 |
Annual Per SF | £3.91 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,800 SF
Building Class
C
Year Built/Renovated
1930/2017
Price
£938,940
Price Per SF
£196
Net Initial Yield
7%
NOI
£65,726
Tenancy
Single
Number of Floors
2
Building FAR
1.84
Land Acres
0.06 AC
Zoning
C - Commercial
Amenities
- Bus Route
- Corner Lot
- Restaurant
- Security System
- Air Conditioning
- Balcony
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Bamboozels
- Accommodation and Food Services
- 4,800 SF
- -
- Negotiable
- -
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Bamboozels | Accommodation and Food Services | 4,800 SF | - | Negotiable | - |
Walk Score ®
Very Walkable (84)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 03-22-483-025 | Total Assessment | £202,230 |
Land Assessment | £18,518 | Annual Taxes | £18,779 (£3.91/sf) |
Improvements Assessment | £183,712 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
03-22-483-025
Land Assessment
£18,518
Improvements Assessment
£183,712
Total Assessment
£202,230
Annual Taxes
£18,779 (£3.91/sf)
Tax Year
2023
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Jacobs Holdings LLC
101 W Main St
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