Al & Joe's Foods & Liquors, Inc. | 10348 Addison Ave
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Al & Joe's Foods & Liquors, Inc. 10348 Addison Ave
5,863 SF Retail Building Franklin Park, IL 60131 $1,250,000 ($213/SF) 15.92% Cap Rate
Investment Highlights
- Established in 1960 - Turnkey operation
- Well established with potential for upside revenues
- 2am liquor license & bar with video gaming machines generate extra revenue
- Parking lot included (across the street - pin #'s 12-21-300-001 & 002)
Executive Summary
Famous Neighborhood gem. Long time family owned business - Full service deli with pizza, pasta, catering and much more. Bar and restaurant area with video gaming and 2am liquor license. Two residential units on second floor for extra income. Building and 60+ year old established business -Very Turnkey operation - ready for a quick sale.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
5,863 SF
Building Class
C
Year Built
1960
Price
$1,250,000
Price Per SF
$213
Cap Rate
15.92%
NOI
$198,975
Business Value
$575,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.73
Lot Size
0.18 AC
Zoning
R- 2 - Legal non-conforming, 12 months of vacancy for variance
Parking
26 Spaces (4.43 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
About 10348 Addison Ave , Franklin Park, IL 60131
Storefront deli, restaurant and bar with gaming. Two apartments on second floor.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 12-21-105-028-0000 | Improvements Assessment | $35,927 |
| Land Assessment | $7,073 | Total Assessment | $43,000 |
PROPERTY TAXES
Parcel Number
12-21-105-028-0000
Land Assessment
$7,073
Improvements Assessment
$35,927
Total Assessment
$43,000
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Al & Joe's Foods & Liquors, Inc. | 10348 Addison Ave
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