TAVERN / BAR / LIVE ENTERTAINMENT

Retail-Commercial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30472715
Property Subtypes: Tavern/Bar/Nightclub
Building Size (RSF): 4,800 SF
Gross Land Area: 0.54 Acres
Sale Price: $450,000
Unit Price: $93.75 PSF
Property Use Type: Vacant/Owner-User
Building Name: CRONIES GRILLE
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 5/28/2020

Overview / Comments

GREAT ESTABLISHED LOCALLY OWNED AND FAMILY RUN TAVERN / BAR / RESTAURANT / LIVE ENTERTAINMENT / SPECIAL EVENTS. BUILDING AND BUSINESS. FULL RESTAURANT-COOKING ABILITIES WITH OCCUPANCY OF 155 PLUS NICE OUTDOOR SEATING AREA. VERY HIGH TRAFFIC LOCATION WITH 60 PARKING STALLS. 5 PROFITABLE GAMING MACHINES, DJ EQUIPMENT, RAISED STAGE, POOL AND SHUFFLEBOARD TABLES, 19 TV'S AND PROJECTIONS. BRAND NEW ROOF AND WATERHEATER. OWNER WILLING TO TRAIN. WILL CONSIDER RENT TO OWNER AND FINANCING TERMS AVAILABLE.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $7,169 (Annual)
Assessed Value - Total($) $63,678 (Annual)

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 0819453014
Zoning: CN
Property Located Between: OFF HWY 251 - WEST SIDE
Largest Nearby Street: 251 - N 2ND STREET
Highway Access: HIGHWAY 251 NORTH - N 2ND STREET
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,800 SF
Property Condition: Good
Year Built: 1977
Roof Type: Flat
Construction/Siding: Brick/Vinyl Siding
Total Parking Spaces: 60
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: CN - UNDEFINED
Lot Frontage: IRR
Lot Depth: 378
Water Service: Municipal
Sewer Type: Municipal
Legal Description: THAT PT OF S378FT SW1/4 SE1/4 BETW E LINE BALDWIN DR & NEW NWLY R/W FOR FA 188 SEC: 19 TWP: 045 RANGE: 002 ACRES: 0.50

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,741 53,722 118,120
Median Age: 39.33 40.69 40.24
Households: 3,329 21,470 46,838

Contact

Photograph of Listing Agent

Adam Guarino

DICKERSON NIEMAN COMMERCIAL
CMCPEX Member
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