18580 W Old Gages Lake Rd
Gages Lake, IL 60030
Well Established Neighborhood Bar With Gaming · Retail Property For Sale

An old-school bar with a focus on ice cold beer & entertainment. Featuring everyone's favorite indr & outdr games. Hosts pool, bags & volleyball leagues/tournaments, also private parties/large public benefits. Also great place to watch sporting events. Vintage interior & exterior. Inside wrap around bar, 5 video slot machines, pool table, 2 dart boards + 5 flat screen TVs & juke box. Separate party rm available. Also a basement for storage & 2nd floor office. Outside boasts an outdr bar, grassy area w/picnic tables, 2 horseshoe courts & 2 volleyball courts. Serving frozen pizzas & corn dogs. Equip incl individual electric pizza oven, microwave, stove, refrigerator, upright freezer & 2 ice machines. Along with chest cooler, upright glass front cooler, walk-in cooler & more. Also 2 registers, camera system & ATM. Building recently updated w/new roof 2 yrs ago, as well as, several new windows & new carpet 4 yrs ago. Seating: 50 (20 Bar/30 High Top+Party Room+Picnic Tables) Hrs: Su-Th 1p-1a & Fr-Sa 1p-2a (No Early Mornings) Two weeks on-site comprehensive training Employees: 5 Gross Income: $233,762 Cash Flow: $88,744 Value of FF&E(Incl in AP): $25,000 In a freestanding building on just under one 1 acre. Ample parking. In friendly neighborhood within walking distance to a private lake w/beaches, picnic area, playground & ball fields. This beautiful 128-acre lake also features fishing/swimming/kayaking/canoeing/pontooning/sail boarding & small power boats. Along with ice fishing & skating + excellent golf & outdoor activities nearby. Perfectly situated 37 miles NW of downtown Chicago, in an ideal spot to visit or live yr-round. US News recently listed this area as one of the Best Places to live, w/low housing costs, low crime & high per capita income. The amenities of a larger community with small-town feel. Nearly every possible convenience is within a 5-mile radius incl an excellent community college and variety of retail & services. Just 6 miles to the E, large mall & amusement park. And Chicago's Loop only 1/2 hr away by train. Established: 1950 (Current Owners 1999-18 Yrs!) Highly confidential listing! Business listed by Tom Traina at EatZ & Associates / Property listed by Tom Traina & Bruce Kaplan at Premier Commercial Realty