Small Strip Center With Restaurant & 3 Retail Spaces - For Sale On Arl

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Perfectly Situated On Arlington Heights Rd With Over 59,000 VPD
Asking Price:
$525,000

Gross Revenue:
$57,800
Cash Flow:
$10,300
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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Business Description

Incredible opportunity to purchase a small strip center with a large restaurant and 3 other retail spaces.

Property Details:
4,000 SqFt Masonry & Brick Strip Center With 4,000 SqFt Basement
Restaurant + 3 Retail Storefronts
Situated On 9,200 SqFt or 0.21 Acre
Front Parking Lot
Real Estate Taxes Approx. $38,000

Restaurant and 1 retail space already leased out, currently bringing in $4,800/mth in gross income. The 2 vacant spaces are 400 sqft & 600 sqft - when rented out will bring in an additional $1,800/mth. Can also increase the bottom line by reducing real estate taxes on the building by $10,000 year!

Prime retail space, a centrally located strip center in Arlington Heights, a highly desirable northwest suburb. Perfectly situated on Arlington Heights Rd with over 59,000 cars a day.

Convenient location! Just a few blocks from Northwest Community Hospital, the Park District, US Army Rescue Center and more. Also 5 minutes from Arlington Race Track. Surrounded by a vast area of industrial, commercial, retail and residential.

Gross Income: $57,800 (Possible $79,200 With Additional 2 Spaces Leased Out)

Net Income: $10,300 (Possible $42,200 With Additional 2 Spaces Leased Out)

Feel free to stop by the location as a customer first. This is a highly confidentially listing, please do not talk to any of the employees or patrons.

If interested, contact EatZ for more information. Showings by appointment only.

Listed By Ted Aretos at EatZ & Assocaites

About the Business

Year Established:
1982
Real Estate:
Owned
Building Sq. Ft.:
4,000
Facilities:
9,200 SqFt or 0.21 Acre.

Square Feet: 4,000.

Days/Hrs of Operation: Vary by each storefront.
Market Outlook/
Competition:
This strip center is ideally positioned in the heart of Arlington Heights. And Arlington Heights Rd is the main street running north-south through all of central Arlington Heights. There is also direct access to Interstate 90 with a full interchange at Arlington Heights Rd. A great location which boasts an excellent transportation infrastructure with convenient access to Chicago, O'Hare and the entire Chicagoland area.

Arlington Heights is an attractive destination for homebuyers, shoppers, businesses and visitors with its dynamic economy, award-winning schools, library, park district and highly acclaimed Northwest Community Hospital.
Growth & Expansion:
Also, one of the most populous communities in the United States with over 75,000 residents. Has experienced a recent boom in the development of condos, restaurants and other businesses. This is a rare opportunity, land and space is now limited in this sought-after northwest suburb!
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About the Sale

Reason For Selling:
Retiring.
Seller Financing:
No

Listing Info

ID:
1563704
Ad Detail Views:
248

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Business Listed by

Ted Aretos

EatZ & Associates

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View My 27 Active Listings
Sponsoring Broker:

Tom Traina
EatZ & Associates
License# 475175390

U.S. Census Data for Cook County, IL
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Cook County, IL
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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