106 North Main Street Unit 1

Glenwood, IL

Others for Sale - $999,000 - 13,325 Sq. Ft.

Agent Info

Nicholas Di Brizzi
Oak Brook

Property Info

  106 North Main Street Unit 1
  Glenwood IL 60425
UpdatedMarch 21st, 2018
Building13,325 Sq. Ft.


Property Description

Free standing restaurant-bar-lounge-banquets-carryout-catering with drive thru window includes two catering trucks, five slot machines averaging $120,000 gross monthly which generates $11,000 a month profit run by absentee owner pays more than $207,000 in management and extra expenses that an owner operator could save. 13,325 +/- SF building with 11,000 SF lower level. Has a two bedroom apartment on the second floor that pays $700 a month, newly constructed for Real Estate tax purpose. Before ownership was paying $125,000 in Real Estate taxes, now with the apartment only $49,000.00. 2.07 acres of paved and lighted parking lots. Parks 166 vehicles. Seats bar lounge area 93, dining room 130 and banquets 250. Owner retiring after 43 years. Possible owner financing to qualified buyer with $400,000 down.

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