Marias Pizza business & building for sale + owners apartment

Business Opportunity for Sale
Catylist Listing ID: 30758014
Property Subtypes: Food and Beverage
Building Size (RSF): 5,034 SF
Gross Land Area: 1,969 SF
Sale Price: $100,000 - 550,000
In Opportunity Zone? Yes
Name of Establishment: Marias Pizza
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Living Accomodations: Yes
Last Updated: 9/18/2021

Overview / Comments

Historic Downtown Belvidere. City of Murals. Restaurant with Apartment and Business for sale. Currently is a established Pizza Restaurant with Dining Area with 7 booths with bench seating and 6 tables with chair seating. Also has a Service Bar counter. Full service Kitchen was installed in 1999 $120,000 - Also New wall tile, New bathrooms, 11ft hood walk in freezer. $30,000 new tile in 2018. Basement is Clean and dry and set up with a walk in cooler, storage, soda storage, extra supplies ext. Current owners have been running since 1998. The building is well cared for. Many updates and improvements. This is a turn key operation. Owners are willing to train new owners if they want to keep it a pizza establishment. Apartment upstairs was fully renovated in 2005. This is just an added bonus featuring 4 Bedrooms, Full Kitchen you have to see, Living Room, Dinning Room, Full Bath Room, Deck off Kitchen and laundry Room. Apartment has separate entrance to rear and access to Restaurant Kitchen. Many walk in Closets. Full list of improvements and updates upon request. Real Estate and Fixtures is listed for sale at $450,000 and Business Business equipment and training at $100,000. Owners have been running for over 20 years. This would be great for owner operator with the apartment upstairs for additional income or for live in owners. Free Parking in front and Free city parking lot across the street for additional parking.

Additional Details

Nearest MSA: Rockford
County: Boone
Industry Segment: Restaurants
Reason for Selling: Retirement due to Medical
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,674 25,906 36,091
Median Age: 32.86 34.15 36.94
Households: 4,529 8,954 12,516

Contact

Photograph of Listing Agent

Gerard F Du Melle

Weichert Realtors Tovar Properties
CMCPEX Member
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