Description

OWNER IS OFFERING LEASE WITH OPTION TO BUY & OWNER FINANCE!! Soon to have 5 legalized VGT slot machines, minimun of an extra 50k income per year. Looking for an incredible commercial investment property with a successful turn key business included? This fantastic bar, restaurant with apartments above is just the place with a payoff in 7 years or less. Perfectly located in the fine, friendly community of Harvard next to the Metra station with 200 cars daily and over 300 cars on the weekends, this building boasts an awesome new addition along with many other value added upgrades. Step immediately right in to annual rentals of $40,000 and approximate gross sales of $150,000 annually through the bar and restaurant. With an approximate 350 person capacity, this venue claims the title of "largest of its type" in the Harvard area, plus the new addition provides the perfect space for booking large private parties or holding large promotional events. The entire building features new windows, new insulation and updated electrical, plus there are 2 new furnaces and a new air conditioner for the front bar area. Now step inside the front door of this all brick building currently called Cool Music Stop Bar & Grill and feast your eyes on an original vintage 1920s, 20 stool wood bar. This front area also has seating with 6 tables and a wall bar ledge with stools. Fully operational kitchen. There is more service equipment in the basement including a walk-in cooler, plus there is tons of storage space. The main level also has 2 bathrooms, two for the front bar area. The addition provides a huge 40 by 20 area with a two story high ceiling and 40 by 10 balcony loft area. The balcony loft area offers table seating, plus access to the apartments. There is one complete private apartment with access to a large open attic with green house skylight, then a second apartment with four separate rooms rented out all sharing a common bathroom and kitchen area. This second level has a new $30,000 stairway fire exit and rear entrance for tenants. This is truly a turn key operation business with a successful track record, great future opportunity and an excellent location. Many financial plans available: Owner finance, Lease to own, call today for details. Do not miss this incredible real estate business opportunity!

• PROPERTY TYPE

  Commercial Property

• County

  Mchenry

• FULL BATHS

  0

• YEAR BUILT

  --

• LIVING AREA SIZE

  4000

• FLOORS

  --

• GARAGE

  None

• AD ID

  38720151