Pizza Ranch for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30631017
Property Subtypes: Restaurant
Building Size (RSF): 6,000 SF
Gross Land Area: 41,603 SF
Sale Price: $1,400,000
Unit Price: $233.33 PSF
Ceiling: 8.5 ft.
Has Drive-Thru? Yes
Property Use Type: Vacant/Owner-User
Building Name: Roscoe Pizza Ranch
Usable Size (USF): 6,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/23/2020

Overview / Comments

This National Franchise Pizza Ranch restaurant would be a great investment for any restaurateur. Very successful business with property and seats 220 customers. Over 13,000 daily vehicular traffic along Hononegah Road in Roscoe, IL.

This turn-key operation and includes the fixtures and equipment. If the buyer wants to continue with the Pizza Ranch Franchise, it would be subject to the Franchisor's approval.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $24,187 (Annual)
Tax Value Land $66,561
Tax Value Improvements $164,804
Lender Name Midland States Bank

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: Roscoe
Tax ID/APN: 04-29-428-005
Zoning: CPD
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Baneberry Drive and Checkerberry Drive
Property Visibility: Excellent
Largest Nearby Street: Hononegah Road
Feet of Frontage: 169
Traffic/Vehicle Count: 13,000
Highway Access: 251 (half mile east)
Airports: Chicago Rockford International Airport
Site Description: 1 acre single building, asphalt parking lot, 37 parking spots.
Area Description: Combination commercial and retail, shopping centers, and single and multi family apartment.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,000 SF
Property Condition: Excellent
Year Built: 1999
Year Renovated: 2013
Roof Type: Hip
Construction/Siding: Wood Siding
Exterior Description: Wood siding
Total Parking Spaces: 37
Parking Ratio: 6 (per 1000 SF)
Parking Type: Surface
Parking Description: Blacktop
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Set up as a Pizza Ranch Franchise with one main dining room and an additional semi-private banquet room.
Zoning Description: CPD Commercial Planned
Part of Planned Development?: Yes
Lot Frontage: 169.40
Lot Depth: 266.27
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: PRAIRIE BUSINESS CENTER PLAT NO 2 BNG PT E1/2 SEC 29-46-2 LOT 10

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,269 23,147 61,232
Median Age: 40.38 40.43 37.81
Households: 832 8,586 22,281

Contact

Photograph of Listing Agent

Tom Ewing CCIM CPM RPA MCR

KELLER WILLIAMS REALTY SIGNATURE CMCPEX Member
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