228 E Washington St
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228 E Washington St
1,700 SF Retail Building Oswego, IL 60543 $450,000 ($265/SF)
Investment Highlights
- Turnkey restaurant
- Prime location
- Established customer base
Executive Summary
Rare opportunity to purchase a turn key restaurant in the heart of growing Oswego. Danellis is an Italian Restaurant and Pizzeria which has proudly served as a local mainstay of Oswego for 40+ years. Ready for retirement, the time has now come to pass the torch. Price reflects value of property and business. Business assets will be transferred via asset purchase agreement. With the help of a long tenured staff, a fanatically loyal customer base, and an increasing demand for locally owned restaurants in Oswego, Danellis is well positioned for continued growth. Or bring your own concept to thrive in this prime location between a growing downtown Oswego and Rt 34. Very strong demographics with avg household incomes at $119,820 within a 2 mile radius. 1700 SF under roof includes a 12 table dining room and bar, front patio with three tables, and a fully equipped kitchen with two pizza ovens. Equipment list and financials are available upon request to qualified buyers.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$3,279
|
$1.88
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,279
|
$1.88
|
Financial Summary (Actual - 2023)
| Taxes | |
|---|---|
| Annual | $3,279 |
| Annual Per SF | $1.88 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $3,279 |
| Annual Per SF | $1.88 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,700 SF
Building Class
C
Year Built
1967
Price
$450,000
Price Per SF
$265
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.24 AC
Zoning
M-1
Frontage
112 FT on E Washington St
Amenities
- Corner Lot
- Restaurant
Walk Score ®
Very Walkable (75)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 03-20-128-011 | Total Assessment | $37,437 |
| Land Assessment | $16,055 | Annual Taxes | $3,279 ($1.93/SF) |
| Improvements Assessment | $21,382 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
03-20-128-011
Land Assessment
$16,055
Improvements Assessment
$21,382
Total Assessment
$37,437
Annual Taxes
$3,279 ($1.93/SF)
Tax Year
2023
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228 E Washington St
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