260 Lincoln Highway

    Dekalb, IL 60115
    • $799,000
    • STATUS: Active
    • ON SITE: 97 days
    • MLS #: 10346447
    $799,000
    • 0
      BEDS
    • Less Than .25 Acre
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,700
      SQFT
    • $92
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    Commercial property on Lincoln Highway, IL Rt. 38 close to all businesses, retail, Government Centers, short walk to Northern Illinois University main campus, with easy access to Route 23, Annie Glidden, Peace Roads and I-88. Prime location commercial, turn key restaurant, bar, gaming, banquet/functions with 8,700 sf space and additional 5,000 sf basement area. Substantial improvement investments in new rubber membrane flat roof, high-efficiency heating and cooling systems. Complete ADA compliant building equipped with 4,000 lb capacity hydraulic elevator (100% to code), control room, monitored sprinkler system, Phase 3 electrical, updated draft system and ADT alarm system. Seating capacity of 152 on main level, 151 upper function/banquet level as well as an additional leased patio seating area for 40 patrons. Business had been successfully operating since opening in 2004 until it closed November 2018. While operating, they had a full liquor license, restaurant, catering & gaming....

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Mark Bowers Team at Berkshire Hathaway HomeServices Snyder Real Estate. Based on information submitted to the MRED as of 2019-07-22T23:50:39.82 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.markbowershomes.com/homes/93772220

    260 Lincoln Highway Dekalb, IL 60115

    • Price: $799,000
    • Status: Active
    • MLS #: 10346447
    0
    Beds
    0
    Baths
    0
    ½ Baths
    Less Than .25 Acre
    Acres
    8,700
    SQFT
    $92
    $/SQFT
    Neighborhood:
    De Kalb
    County:
    De Kalb
    Area:
    De Kalb
    Property Description
    Commercial property on Lincoln Highway, IL Rt. 38 close to all businesses, retail, Government Centers, short walk to Northern Illinois University main campus, with easy access to Route 23, Annie Glidden, Peace Roads and I-88. Prime location commercial, turn key restaurant, bar, gaming, banquet/functions with 8,700 sf space and additional 5,000 sf basement area. Substantial improvement investments in new rubber membrane flat roof, high-efficiency heating and cooling systems. Complete ADA compliant building equipped with 4,000 lb capacity hydraulic elevator (100% to code), control room, monitored sprinkler system, Phase 3 electrical, updated draft system and ADT alarm system. Seating capacity of 152 on main level, 151 upper function/banquet level as well as an additional leased patio seating area for 40 patrons. Business had been successfully operating since opening in 2004 until it closed November 2018. While operating, they had a full liquor license, restaurant, catering & gaming....
    Exterior Features

    Approx Land Sq Footage 8700 Construction BrickStone Frontage Access Signal IntersectionState Road Land Amenities Lighting/ExteriorOther Location Central Business DistrictCorner Lot Dimensions 55.18 X 83.70 X 56 X 104.7 Lot Sq Ft 5726 Number Of Parking Spaces 165 Roof Coverings MembraneRubber Waterfront YN No

    Interior Features

    Air Conditioning Central AirZoned Miscellaneous Inside Elevator/S PassengerHandicapped AccessPrivate Restroom/SStorage InsideOther Number Of Stories 2 Outdoor Parking Over 100 SpacesCommon ParkingLightedPavedPublic Lot

    Property Features

    Adj Net Inc Expense Source Owner Projection Adjusted Net Income 0 Ann Rnt Expense Source Owner Projection Annual Rent For Real Estate 0 Business Age 11+ Years Business Type Bar/Lounge/Nite ClubRestaurantOther Corporate Limits Dekalb Cost Of Goods Expense Source Owner Projection Cost Of Goods Sold 0 Cost Of Goods Year 2018 Current Use Commercial Electrical Service 201-600 Amps3 Phase Food Beverage Type RestaurantBanquetCatering Gross Payroll 999 Gross Payroll Expense Source Owner Projection Gross Payroll Year 2018 Gross Profit 0 Gross Profit Expense Source Owner Projection Gross Profit Year 2018 Gross Sales Ann Expense Source Owner Projection Gross Sales Ann Year 2018 Gross Sales Annual 0 Heat Ventilation Forced AirGas Inventory 0 Inventory Expense Source Owner Projection Inventory Year 2018 Known Encumbrances None Known Lease Type N/A Living Quarters None Miscellaneous Outside PatioSecurity System Net Operating Income Year 2018 Net Profit 0 Net Profit Source Owner Projection Possession ClosingImmediate Potential Use CommercialLiquor License Property Offered For Sale Only Proprietary Info DemographicsFurniture/Fix/Equip ListTax BillTraffic Counts Real Estate Included YN Yes Sale Terms ConventionalContract (Articles) For DeedLease/PurchaseRent W/ OptionCash Only Seating Capacity 100+ Tax Year 2018 Taxes $10179 Tenant Pays Air ConditioningElectricHeatJanitorialReal Property TaxesInsuranceRepairs And MaintenanceRoofScavengerStructureWater/SewerCooking Gas Total Op Exp Year 2018 Total Op Expense Source Owner Projection Total Operating Expenses 0 Type Of Lease None Type Ownership Business Corporation Unincorporated YN No Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater-MunicipalWater To Site Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Inland Real Estate Brokerage.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Mark Bowers Team at Berkshire Hathaway HomeServices Snyder Real Estate. Based on information submitted to the MRED as of 2019-07-22T23:50:39.82 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    Mark Bowers Team at Berkshire Hathaway HomeServices Snyder Real Estate
    #1 Brickyard Drive
    Bloomington IL, 61701