This Retail Property is no longer advertised on LoopNet.com.

7059 S Halsted St
Chicago, IL 60621

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
4,800 SF
Building Class
C
Year Built
2008
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Lot Size
0.18 AC
Zoning
B1-2
Parking
12 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
95’ on S Halsted Street

AMENITIES

  • Signage
  • Tenant Controlled HVAC
  • Air Conditioning

ABOUT 7059 S HALSTED ST , CHICAGO, IL 60621

Liquor store for sale only, 2332 sq.ft. base rent will be $3692/month. Business key money he is looking for $375'000 plus $65'000 for inventory. Landlord redeveloped this whole property in 2008, you can buy only property for $1'350'000 as an investor and collect 100% rent from all tenants. All tenants are paying $17 per sq.ft. base rent Plus $5/sq.ft. for CAM (total gross rent $111'300). Liquor sales are very high upon signing a confidential agreement, the seller will open books. All tenants are long term tenants and running successful their business and all businesses in this area competition proof and recession proof, they pay their own utilities and have all separate meters. Liquor sales ratio is Grocery 45% $20'000 sales on EBT and rests cash. Liquor sales 30% with 30% margin. Beer 12% with 20% margin. Meet 7.5% with 35% margin. No lottery there long time ago they had it close to $67'000/month then they took out reason less manpower. If you add it will come back. Extra Income $3500/month can cover your rent almost.

PROPERTY TAXES

  • Listing ID: 15318444

  • Date on Market: 3/1/2019

  • Last Updated:

  • Address: 7059 S Halsted St, Chicago, IL 60621