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216 E North Avenue

Northlake, IL 60164
  • $749,900
  • STATUS: Active
  • ON SITE: 48 Days
  • MLS #: 12145090
Price Reduced
$749,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
County:
Area:

School Ratings & Info

Description

Prime Northlake Investment Opportunity with High Visibility and Diverse Income Streams; This exceptional property on North Ave. in Northlake boasts a prime location with high traffic daily, ensuring exceptional visibility for your business. Mixed in close proximity many industrial and residential homes to benefit from the services offered here. Currently features a mix of established tenants - a hair and nail salon, pizza and Italian restaurant, and a leased 2 bedroom apartment - providing a diversified income stream and a wealth of options for future use. The brick beautiful building features large windows offering an abundance of natural light. Newer Roof and Hot Water Heaters. The space is both attractive and unique. Restaurant boasts an updated entry with seating area, order window and efficient kitchen with all the kitchen equipment staying (Walk-in refrigerator and 2 uprights, 4 freezers, large pizza ovens, oven/stove, large dough mixer, storage units, & more). Well Established business with same owners for 38 years! Salon operated by renters offers a large open area with private bath, and storage area which can be opened up to expand the restaurant. Enjoy tenant income or open up to extend restaurant seating area. Spacious 2 bedroom 1 bath apartment in the back enjoys the beautiful yard with covered patio currently rented boasts gleaming hardwood floors, retro cabinets and counters in eat in kitchen and bath. ALL units have Separate Water, Gas and Electric allows independent utility management. Abundance of storage in the Full basement with exterior entrance. Ample on-site parking makes this a perfect choice for businesses seeking a convenient high-traffic location. This incredible property won't last long! Don't miss your chance to invest in a prime location with established business with additional rental income or bring your creativity and the options could be endless! Owners Retiring and will look at all Serious Offers!!!!

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Suburban Life Realty. Based on information submitted to the MRED as of 2024-10-09T23:59:29.613 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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216 E North Avenue Northlake, IL 60164

  • Price: $749,900
  • Status: Active
  • On Site: 48 Days
  • MLS #: 12145090
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
Prime Northlake Investment Opportunity with High Visibility and Diverse Income Streams; This exceptional property on North Ave. in Northlake boasts a prime location with high traffic daily, ensuring exceptional visibility for your business. Mixed in close proximity many industrial and residential homes to benefit from the services offered here. Currently features a mix of established tenants - a hair and nail salon, pizza and Italian restaurant, and a leased 2 bedroom apartment - providing a diversified income stream and a wealth of options for future use. The brick beautiful building features large windows offering an abundance of natural light. Newer Roof and Hot Water Heaters. The space is both attractive and unique. Restaurant boasts an updated entry with seating area, order window and efficient kitchen with all the kitchen equipment staying (Walk-in refrigerator and 2 uprights, 4 freezers, large pizza ovens, oven/stove, large dough mixer, storage units, & more). Well Established business with same owners for 38 years! Salon operated by renters offers a large open area with private bath, and storage area which can be opened up to expand the restaurant. Enjoy tenant income or open up to extend restaurant seating area. Spacious 2 bedroom 1 bath apartment in the back enjoys the beautiful yard with covered patio currently rented boasts gleaming hardwood floors, retro cabinets and counters in eat in kitchen and bath. ALL units have Separate Water, Gas and Electric allows independent utility management. Abundance of storage in the Full basement with exterior entrance. Ample on-site parking makes this a perfect choice for businesses seeking a convenient high-traffic location. This incredible property won't last long! Don't miss your chance to invest in a prime location with established business with additional rental income or bring your creativity and the options could be endless! Owners Retiring and will look at all Serious Offers!!!!
Exterior Features

Frontage Type City StreetFrontage RoadPublic RoadSignal IntersectionState RoadPaved Land Amenities Lighting/Exterior Lot Size Less Than .25 Acre Outdoor Parking 19-30 Spaces Roof Membrane Waterfront YN No

Interior Features

Cooling Exhaust FanWindow Unit(s) Heat Ventilation ElectricForced AirHot Water Miscellaneous Inside Accessible EntranceAccessible Washroom/sMulti-TenantPrivate Restroom/sPublic Restroom/sStorage InsideFurnished Units Available

Property Features

Additional Parcels YN No Adjusted Net Income 0 Adjusted Net Income Year 2024 Annual Rent For Real Estate 0 Building Area Total 2853 Business Age 11+ Years Business Type Food & BeverageRestaurant Corporate Limits Northlake Current Use Commercial Electric Service - 101 to 200 Amps Gross Profit Year 2024 Gross Sales Annual 0 Gross Sales Annual Year 2024 Location Central Business DistrictMixed Use AreaShopping CenterPublic Transport AvailFree Standing/UrbanIn City LimitsHigh Traffic Area Mls Actual Status Active Operating Expense 0 Ownership Type IndividualFamilySole Proprietor Ownership Types Sole Proprietor Possible Use Office and ResearchRetail Property Offered For Sale Only Real Estate Included Yes Sale Price Includes BuildingBusinessEquipmentPhone NumberBusiness Name Tax Annual Amount 8222.82 Tax Year 2023 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatTaxesInsuranceRepairsScavengerSewer Type Bus / Bus w/Real Est Type Of Lease NoneOther (See Remarks) Zoning RTAIL

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of RE/MAX All Pro - Sugar Grove: 630-391-4800.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Suburban Life Realty. Based on information submitted to the MRED as of 2024-10-09T23:59:29.613 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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