Popular Bar w/Kitchen Bellwood, IL - Freestanding Building w/Parking!

Bellwood, IL
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Asking Price:$799,000
Gross Revenue:$1,400,000
Established Year:2017
Cash Flow:$200,000
FF&E:$200,000
BUSINESS DESCRIPTION

The ideal combination of great drinks, food and music.

Striking updated exterior. And warm & inviting interior featuring high ceilings, exposed ductwork, vintage brick, wooden floors, cool lighting and an incredible old-school bar. Plus, ample seating at the bar and high-top tables. Also, a nicely fenced-in patio with an additional building and a 2nd bar out back - great for overflow, private parties and events.

In addition to large screen tvs to watch all the games. And hosts karaoke and a variety of DJs throughout the month.

Well established for over 7 years. Independent - no royalty, advertising or transfer fees. Asset sale with property - all furniture, fixtures and equipment (FF&E) included. 2024 financials not available. And priced below market value!!!!

Keep the current concept or make it your own. If you have always wanted to own your own bar w/kitchen, this is the perfect opportunity for you. And with living quarters upstairs, a phenomenal “work-live” venture!

Prime retail space in an historic freestanding building with great signage, visibility, access and parking. Perfectly situated in the heart of a close-knit neighborhood - surrounded by a dense residential area of homes. Also, near an industrial park and a huge candy manufacturer!

Located in Bellwood, approximately 13 miles west of downtown Chicago. It's bordered by the villages of Maywood to the north, Hillside to the south, Broadview to the west and Melrose Park to the east.

Feel free to stop by the location 1st. This is a HIGHLY confidential listing. If interested, contact EatZ for more information. Showings by appointment only.

Listed By Theo Theodosiadis at EatZ & Associates / EatZ Real Estate Group LLC


DETAILED INFORMATION
Location
Bellwood, IL
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
2,420
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
4,371 sqft 2-story masonry freestanding mixed-use building with a 2-bedroom/1-bathroom apartment upstairs. And its own parking lot with room for 17 vehicles, plus street parking. Zoned B1 with a lot size of 8,937. 3 pin #’s 15-09-319-001-0000: 15-09-319-002-0000: 15-09-319-003-0000. 2022 real estate taxes $10,582. SqFt: 2,420. Seating: 100+ In & Out. Owners Role: Absentee owned. Value of FF&E: Included In Asking Price (Valued at $200,000). Value of Inventory: Not Included In Asking Price.
Competition
Nice atmosphere. Laid back and cool. Friendly service. Always a good time!
Growth & Expansion
Local favorite. Area gem. Beloved neighborhood hangout. Staple in the community. THE place to be. Tons of regulars day and night. Highly rated and recommended, great reputation to continue to build upon. And over 2,800 followers on Facebook!
Financing
No.
Reason for Selling
Retiring.
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Ted
Theodosiadis
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Ted Theodosiadis