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- LoopNet Team
7059 S Halsted St
Chicago, IL 60621
Retail Property For Sale
PROPERTY FACTS
- Freestanding
- General Retail Convenience Store
- General Retail Storefront
Amenities
- Signage
- Tenant Controlled HVAC
- Air Conditioning
About 7059 S Halsted St , Chicago, IL 60621
Liquor store for sale only, 2332 sq.ft. base rent will be $3692/month. Business key money he is looking for $375'000 plus $65'000 for inventory. Landlord redeveloped this whole property in 2008, you can buy only property for $1'350'000 as an investor and collect 100% rent from all tenants. All tenants are paying $17 per sq.ft. base rent Plus $5/sq.ft. for CAM (total gross rent $111'300). Liquor sales are very high upon signing a confidential agreement, the seller will open books. All tenants are long term tenants and running successful their business and all businesses in this area competition proof and recession proof, they pay their own utilities and have all separate meters. Liquor sales ratio is Grocery 45% $20'000 sales on EBT and rests cash. Liquor sales 30% with 30% margin. Beer 12% with 20% margin. Meet 7.5% with 35% margin. No lottery there long time ago they had it close to $67'000/month then they took out reason less manpower. If you add it will come back. Extra Income $3500/month can cover your rent almost.
Links
PROPERTY TAXES
Parcel Number | 20-21-321-040-0000 | Improvements Assessment | £73,685 |
Land Assessment | £14,340 | Total Assessment | £88,025 |
PROPERTY TAXES
Listing ID: 15318444
Date on Market: 01/03/2019
Last Updated:
Address: 7059 S Halsted St, Chicago, IL 60621
The Retail Property at 7059 S Halsted St, Chicago, IL 60621 is no longer being advertised on LoopNet.co.uk. Contact the broker for information on availability.
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