6430 Riverside Boulevard

    Loves Park, IL 61111
    • $1,875,000
    • STATUS: Active
    • ON SITE: 255 days
    • MLS #: 10109909
    UPDATED: 30 min ago
    $1,875,000
    • 0
      BEDS
    • Less Than .25 Acre
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,000
      SQFT
    • $156
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    NEW OFFERING !!!!!LEASE BACK RESTAURANT BUSINESS 100% LEASED STRIP CENTER WITH GREAT CASH FLOW. LONG TERM STABLE TENANTS.EXCELLENT OPPORTUNITY TO ACQUIRE THIS ESTABLISHED PROPERTY ON A HIGH TRAVELED ROAD MINUTES FROM I-90.PRICE INCLUDES THE RESTAURANT BUSINESS BUT THE "NEW OFFERING" IS THE CURRENT OWNER WILL LEASE BACK THE RESTAURANT BUSINESS FOR 3 YEARS FROM THE NEW OWNER WHO WILL HAVE MULTIPLE WAYS TO APPROACH THIS AS FOLLOWS: 1) SELL THE RESTAURANT BUSINESS AFTER 3 YEARS WHEN THE LEASE TERM FROM THE CURRENT OWNER IS OVER. 2) OPERATE THE BUSINESS WITH PARTNERSHIP WITH SELECT INDIVIDUAL. 3) LEARN THE FOOD BUSINESS AND HIRE A FULL TIME MANAGER FOR THE RESTAURANT AND KEEP THE OWNERSHIP. CURRENT OWNER AGREES TO FLEXIBLE LEASE TERMS AND TRAIN SELECT INDIVIDUALS TO OPERATE THE BUSINESS AND LEAVE WHEN ASKED BY THE NEW OWNER.TRADE FIXTURES & RESTAURANT EQUIPMENT ARE INCLUDED IN THE SALE.NEW MERCY HOSPITAL & COSTCO CLUB WILL ADD VALUE TO THE PROPERTY. MOTIVATED SELLER!!!

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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 2019-06-24T11:53:43.333 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/88421653

    6430 Riverside Boulevard Loves Park, IL 61111

    • Price: $1,875,000
    • Status: Active
    • Updated: 30 min ago
    • MLS #: 10109909
    0
    Beds
    0
    Baths
    0
    ½ Baths
    Less Than .25 Acre
    Acres
    12,000
    SQFT
    $156
    $/SQFT
    Neighborhood:
    Loves Park
    County:
    Winnebago
    Area:
    Loves Park
    Property Description
    NEW OFFERING !!!!!LEASE BACK RESTAURANT BUSINESS 100% LEASED STRIP CENTER WITH GREAT CASH FLOW. LONG TERM STABLE TENANTS.EXCELLENT OPPORTUNITY TO ACQUIRE THIS ESTABLISHED PROPERTY ON A HIGH TRAVELED ROAD MINUTES FROM I-90.PRICE INCLUDES THE RESTAURANT BUSINESS BUT THE "NEW OFFERING" IS THE CURRENT OWNER WILL LEASE BACK THE RESTAURANT BUSINESS FOR 3 YEARS FROM THE NEW OWNER WHO WILL HAVE MULTIPLE WAYS TO APPROACH THIS AS FOLLOWS: 1) SELL THE RESTAURANT BUSINESS AFTER 3 YEARS WHEN THE LEASE TERM FROM THE CURRENT OWNER IS OVER. 2) OPERATE THE BUSINESS WITH PARTNERSHIP WITH SELECT INDIVIDUAL. 3) LEARN THE FOOD BUSINESS AND HIRE A FULL TIME MANAGER FOR THE RESTAURANT AND KEEP THE OWNERSHIP. CURRENT OWNER AGREES TO FLEXIBLE LEASE TERMS AND TRAIN SELECT INDIVIDUALS TO OPERATE THE BUSINESS AND LEAVE WHEN ASKED BY THE NEW OWNER.TRADE FIXTURES & RESTAURANT EQUIPMENT ARE INCLUDED IN THE SALE.NEW MERCY HOSPITAL & COSTCO CLUB WILL ADD VALUE TO THE PROPERTY. MOTIVATED SELLER!!!
    Exterior Features

    Approx Land Sq Footage 0 Frontage Access City Street Location Commercial Business Park Lot Dimensions 0 Lot Sq Ft 0 Number Of Parking Spaces 30 Waterfront YN No

    Interior Features

    Air Conditioning Central Air Number Of Stories 1

    Property Features

    Adj Net Inc Expense Source Owner Projection Adjusted Net Income 0000 Ann Rnt Expense Source Owner Projection Annual Rent For Real Estate 0000 Business Age 11+ Years Business Type Other Corporate Limits Loves Park Cost Of Goods Expense Source Owner Projection Cost Of Goods Sold 0000 Cost Of Goods Year 0 Gross Payroll 0000 Gross Payroll Expense Source Owner Projection Gross Payroll Year 0 Gross Profit 0000 Gross Profit Expense Source Owner Projection Gross Profit Year 0 Gross Sales Ann Expense Source Owner Projection Gross Sales Ann Year 0 Gross Sales Annual 0000 Heat Ventilation Central Bldg Heat Inventory 0000 Inventory Expense Source Owner Projection Inventory Year 0 Known Encumbrances None Known Net Operating Income Year 0 Net Profit 0000 Net Profit Source Owner Projection Possession Closing Property Offered For Sale Only Real Estate Included YN Yes Seating Capacity 51-75 Tax Year 2017 Taxes 31200 Tenant Pays Air ConditioningElectricHeatInsuranceRepairs And Maintenance Total Op Exp Year 0 Total Op Expense Source Owner Projection Total Operating Expenses 0000 Type Of Lease None Type Ownership Business Corporation Unincorporated YN No Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Berkshire Hathaway Homeservices Crosby Starck Real Estate.


    © 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 2019-06-24T11:53:43.333 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