LINCOLN SQUARE MIXED-USE WITH TAVERN - 2306 W FOSTER AVE CHICAGO, IL 60625 - BizBuySell
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
LINCOLN SQUARE MIXED-USE WITH TAVERN 2306 W FOSTER AVE CHICAGO, IL 60625 Tim Rasmussen, CCIM Assistant Vice President 312.676.1875 trasmussen@svn.com Marcus Sullivan Assistant Vice President 312.756.7357 msullivan@svn.com SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 SALE BROCHURE
Property Summary
OFFERING SUMMARY PROPERTY OVERVIEW
Sale Price: $750,000 The subject property is a three-story plus basement mixed-use building containing a ground floor tavern, a
four-bedroom, two-bath unit on the second floor and a lofted 2-bedroom, 1 bath on the third floor. The property also
includes a 2-1/2 car garage. All units are individually metered for gas and electric. The 4,800 square feet of improvements
Lot Size: 3,750 SF sit on a 30'x125' lot with a total land area is 3,750 sf. The sale includes all of the real property, the tavern operating under
the name Claddagh Ring Pub, licenses (prorated to the closing date), furniture, fixtures, equipment, and intellectual
property.
Building Size: 4,800 SF
PROPERTY HIGHLIGHTS
Zoning: B1 • Mixed-use building
• Successful operating tavern
Market: Chicago
• Located in the Lincoln Square neighborhood
• Densely populated
Submarket: Lincoln Square
• No tavern license moratoriums
Price / SF: $156.25
LINCOLN SQUARE MIXED-USE WITH TAVERN | 2306 W FOSTER AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 2
The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Tavern LINCOLN SQUARE MIXED-USE WITH TAVERN | 2306 W FOSTER AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 3 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Second Floor Unit LINCOLN SQUARE MIXED-USE WITH TAVERN | 2306 W FOSTER AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 4 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Third Floor Loft Unit LINCOLN SQUARE MIXED-USE WITH TAVERN | 2306 W FOSTER AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 5 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Property Data Summary
Price: $750,000
Property Summary Real Estate Summary
Property Claddagh Ring Pub Total Building Area 4,800sf
Property Address 2306 W Foster Lot Size 30'x125"/3,750SF
City, State, Zip Chicago, IL 60625 Parcel Index Number 14-07-114-035-0000
First Floor Bar 1,600SF 2019 Real Estate Taxes $10,948
2nd Floor 4 Bd/2Ba Apartment 1,600SF Property Classification 2-12 Mixed-Use
Garage 2-1/2 Car
Basement Full
Known Violations
Business Licenses Building Code Violations TBD
License Type Expiration Date Liquor License Violations None known
Tavern License Septeber 15, 2021
License Holder Claddagh Ring Pub Inc.
State Liquor License April 30, 2020
BUSINESS SALE SUMMARY
License Transfer Price Pro-Rated Close to Expiration
Zoning/Political/Occupancy SVN Chicago Commercial is pleased to present the exclusive listing for this Lincoln Square
Zoning B3-2/City of Chicago Historic Landmark mixed-use building with ground floor tavern. The property is located at 2306 W Foster
Avenue, Chicago, Illinois. The property consists of a three-story, building containing
Ward 40/Andre Vazquez
approximately 1,600sf per floor plus basement. The second and third floors contain a four
Ground Floor Bar Approximately 50 bedroom and two bedroom apartment repsectively.
Business assets being conveyed include all unencumbered furniture, fixtures, and
equipment, and licenses (pro-rated to the date of closing). All personal property is being
Ownership Summary sold as-is, where-is, with the exception of the brewing equipment and POS.
License Transfer Price Pro-Rated Close to Expiration
Legal Entity - Business Claddagh Ring Pub Inc. SVN makes no representations to the accuracy of the information contained herein.
Equipment List
December, 2019
FFE Description FFE Description
22 Metal Ladder Back Bar Chairs 3 Upholstered Chairs
4 Wood 4-Top Bar Tables 1 Lot Miscellaneous Wall Mounted Pictures/Mirrors
6 LED Televisions 1 Small Sofa
1 Projection TV 1 Safe
1 Split Sound System 3 Kegerators
1 PA System 1 Three Compartment SS Bar Sink
18 Wood Ladder Back Chairs 2 Ice Bins
2 48" Round Tables 1 Bottle Cooler
2 48" Square Tables 1 Decorative Wood Back Bar
3 Large Ceiling Fans 1 Alarm System
2 Small Ceiling Fans 6 Security Cameras
All equipment is being conveyed as-is where-is. Seller makes no warranties or representations as to condition.
Seller reserves the right to substitute or remove equipment from this list.
Location Maps LINCOLN SQUARE MIXED-USE WITH TAVERN | 2306 W FOSTER AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 8 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Demographics Map
POPULATION 1 MILE 3 MILES 5 MILES
Total population 51,453 554,302 1,098,562
Median age 36.0 34.3 33.9
Median age (Male) 35.3 34.4 33.8
Median age (Female) 36.5 34.3 34.1
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 22,824 230,101 458,395
# of persons per HH 2.3 2.4 2.4
Average HH income $74,888 $72,176 $80,160
Average house value $410,944 $419,462 $432,680
* Demographic data derived from 2010 US Census
LINCOLN SQUARE MIXED-USE WITH TAVERN | 2306 W FOSTER AVE CHICAGO, IL 60625 SVN | Chicago Commercial | Page 9
The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
You can also read
