Property Listing No Longer Available for Sale

260 E Lincoln Hwy, DeKalb, IL

Others for Sale - $795,000


Property Info

CIMLS#1034831
Location
  260 E Lincoln Hwy
  DeKalb IL 60115
UpdatedJanuary 24th, 2019
TypeOthers
Price$795,000

Property Description

FOR SALE. FOR LEASE. PRIME BRICK COMMERCIAL PROPERTY IN EXCELLENT CONDITION IN DEKALB'S DOWNTOWN BUSINESS DISTRICT offers 8,700 sq. ft. w/ additional 5,000 basement sq. ft. 2016 improvements include new rubber membrane flat roof w/ 5-unit high-tech Amana heat/cool mechanicals. Schindler hydraulic elevator w/ 4,000 lb. capacity w/ control room, whole building sprinkler system monitored by Simplex, Phase 3 electrical, 2017 updated draft system & ADT alarm system equip this commercial property. 172 first level seating, 100 upper level banquet seating & 40 outdoor patio seating. Prior business established since 2004, holding licences to provide liquor, restaurant, catering, gaming & banquet. Double entry doors, Pennsylvania Amish tables, tin ceiling, stools, red oak booths/columns, mahogany wood & stone bar, refinished maple floors & 11 TVs. 165 non-metered parking. Built by JC Penneys in 1937. (1st year LEASE $5,400, 2nd yr. $5,800, 3rd yr. $6,200, 4th yr. $6,400, 5th yr. $6,600.)


Financials


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