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9827 Leland Avenue

Schiller Park, IL 60176
  • $1,300,000
  • STATUS: Active
  • ON SITE: 54 Days
  • MLS #: 11246000
UPDATED: 69 min ago
$1,300,000
  • 0
    BEDS
  • 0.88
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1975
County:

School Ratings & Info

Description

Price is for property and building alone. Business with all equipment and fully booked events available at additional price. Opportunity to purchase this recently remodeled 14,284 sf banquet/catering facility in the heart of the O'Hare market. This prime property is surrounded by small industrial, commercial, retail and residential properties. The offer price of $1,300,000 is for the building and property. Business is available, (which includes all furniture, fixtures and kitchen equipment). Owner has contracts for banquets through 2021 and way into 2022 and is willing to stay and train new operator for a short time. The 2018 remodel included: new drywall, paint, upgrade to LED light fixtures new lighted dance floor and new flooring in both ballrooms; and new walls, sinks, counters, tile floors, lights, and stalls in bathrooms. A new roof was installed in November 2017 with a 10-year warranty. The property is located just minutes from Donald E. Stephens Convention Center, Allstate Arena, Rosemont Theatre, Rosemont Entertainment District, MB Financial Park, the Fashion Outlets of Chicago and a wide variety of hotels, and is perfectly positioned to take advantage of the opportunity to host/cater the numerous corporate functions, holiday parties, bridal/baby showers, weddings, baptisms, cotillions, anniversaries, and other events that take place in the area. The property includes: - A 4.002 SF Front Banquet Hall that has a dedicated entrance, large skylights, and seating for 100 + 30 on the attached enclosed patio. - A 5,200 SF Back (Grand) Ballroom with its own entry/reception hall, bridal room, and 4 washrooms (2 mens + 2 womens), and seating for 250+. -A 5,082 Kitchen. The kitchen is situated between the 2 ballrooms, and it is capable of supporting banquets and outside catering assignments simultaneously. A dock provides access to the kitchen area for deliveries/loading. This property was completely remodeled 2018-2019. Business did not resume till July of 2019 so income numbers are based on 1/2 of the year. Projected gross sales for 2020 was over $700,000. with signed contracts in hand. Majority of those contracts have been moved into 2021 so new owner will take over with banquets already planned. If buyer is interested in business? If not owner will completely remove all business fixtures including kitchen facility, exhaust hoods freezers etc. Vacant 14000 plus square foot building with 12' ceilings loading dock area and parking. Taxes are paid and appeal in process.

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© 2021 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 Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-12-08T12:00:43.74 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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9827 Leland Avenue Schiller Park, IL 60176

  • Price: $1,300,000
  • Status: Active
  • On Site: 54 Days
  • Updated: 69 min ago
  • MLS #: 11246000
0
Beds
0
Baths
0
½ Baths
0.88
Acres
1975
Built
Neighborhood:
Schiller Park
County:
Cook
Area:
Schiller Park
Property Description
Price is for property and building alone. Business with all equipment and fully booked events available at additional price. Opportunity to purchase this recently remodeled 14,284 sf banquet/catering facility in the heart of the O'Hare market. This prime property is surrounded by small industrial, commercial, retail and residential properties. The offer price of $1,300,000 is for the building and property. Business is available, (which includes all furniture, fixtures and kitchen equipment). Owner has contracts for banquets through 2021 and way into 2022 and is willing to stay and train new operator for a short time. The 2018 remodel included: new drywall, paint, upgrade to LED light fixtures new lighted dance floor and new flooring in both ballrooms; and new walls, sinks, counters, tile floors, lights, and stalls in bathrooms. A new roof was installed in November 2017 with a 10-year warranty. The property is located just minutes from Donald E. Stephens Convention Center, Allstate Arena, Rosemont Theatre, Rosemont Entertainment District, MB Financial Park, the Fashion Outlets of Chicago and a wide variety of hotels, and is perfectly positioned to take advantage of the opportunity to host/cater the numerous corporate functions, holiday parties, bridal/baby showers, weddings, baptisms, cotillions, anniversaries, and other events that take place in the area. The property includes: - A 4.002 SF Front Banquet Hall that has a dedicated entrance, large skylights, and seating for 100 + 30 on the attached enclosed patio. - A 5,200 SF Back (Grand) Ballroom with its own entry/reception hall, bridal room, and 4 washrooms (2 mens + 2 womens), and seating for 250+. -A 5,082 Kitchen. The kitchen is situated between the 2 ballrooms, and it is capable of supporting banquets and outside catering assignments simultaneously. A dock provides access to the kitchen area for deliveries/loading. This property was completely remodeled 2018-2019. Business did not resume till July of 2019 so income numbers are based on 1/2 of the year. Projected gross sales for 2020 was over $700,000. with signed contracts in hand. Majority of those contracts have been moved into 2021 so new owner will take over with banquets already planned. If buyer is interested in business? If not owner will completely remove all business fixtures including kitchen facility, exhaust hoods freezers etc. Vacant 14000 plus square foot building with 12' ceilings loading dock area and parking. Taxes are paid and appeal in process.
Exterior Features

Docks Exterior Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City Street Outdoor Parking 51-100 Spaces Parking Total 63 Roof Rubber Roof Structure Flat

Interior Features

Cooling Central Air Flooring CarpetVaries Heat Ventilation Central Bldg Heat Miscellaneous Inside Overhead Door/SPublic Restroom/SSkylight/S Number Of TLDocks 1

Property Features

Additional Parcels YN No Approximate Age 36-50 Years Building Area Total 14284 Built Before1978 YN Yes Current Use CommercialSpecial Use Electric Circuit BreakersService - 201 To 600 AmpsThree PhaseOther Fire Protection Sprinklers-Wet Geographic Locale O'hareNorthwest Suburban Gross Income 0 Gross Scheduled Income 0 Leasable Area 0 Location CornerMixed Use AreaFree Standing/Urban Net Operating Income 0 Number Of Tenants 0 Operating Expense 34260 Ownership Types IndividualLand Trust Possible Use CommercialIndustrialOther Property Offered For Sale Only Tax Annual Amount 111412 Tax Year 2020 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceTaxesInsuranceRepairsRoofScavengerStructureSewer Total Monthly Income 0 Township Leyden Type Industrial Zoning Indus

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Compass.


© 2021 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 Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-12-08T12:00:43.74 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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