RESTAURANT WITH REAL ESTATE 1401 W Devon Avenue Chicago, IL 60660 PRESENTED BY: TIM RASMUSSEN, CCIM PROPERTY HIGHLIGHTS Fully equipped free standing 3,950 square foot restaurant facility Fully finished 3,950 square foot basement with full health code compliant prep areas Separate music room with state-of-the-art sound system Rooftop garden Outdoor seating area Additional developable land Adjacent to Loyola University Walking distance to the CTA Loyola Red Line Station Possible Redevelopment
RESTAURANT WITH REAL ESTATE SALE OVERVIEWVIEW SALE PRICE: $1,400,000 PROPERTY DESCRIPTION The Property being offered for sale includes a 3,950 square foot, single story restaurant building with a fully functional 3,950 square foot basement and rooftop garden, situated on a 8,250 square foot site. The restaurant was completely renovated in 2008 and includes on-site parking for 16 cars. The adjacent lot directly to the South of the subject property is not included in the asking price LOT SIZE: BUILDING SIZE: CEILING HEIGHT: 8,250 SF 7,900 SF 12.0 FT The entire site is zoned B3-2 and current licenses include Consumption on Premises Incidental liquor, Public Place of Amusement, Retail Food, and Outdoor Patio. The existing licences are not being conveyed with a sale of the property. The restaurant features three separate but interconnected rooms including a lounge/barroom area with seating for 30, dining room with seating for 52, and a live music room with seating for 72. All seating counts are approximate. The backdrop of the welcoming lounge area is an impressive Art Deco back bar complimented by a fireplace, dining seats and lounge chairs. The dining area and music room offer a flexible combination of fixed banquette seating and freestanding tables, allowing for a variety of dining configurations. The music room is equipped with state-of-art sound systems, sound attenuation panels and listening room seating options. The room can be closed off from the adjacent dining room or opened up allowing for larger group event possibilities. There are five separate men s and women s washrooms. A handicap compliant washroom is located adjacent to the host station/waiting area. RENOVATED: 2008 ZONING: B3-2 MARKET: Chicago The well-designed kitchen features a 24 stainless steel hood with fire suppression system and conditioned make up air. Cooking equipment includes a free-standing convection oven, double deck pizza oven, 10-burner stove with double oven and broiler, six-foot flat top grill with six drawer base refrigeration, fryer, and grill. Line refrigeration includes a six-drawer pizza prep station with double over shelves, smaller pizza prep unit and a drop-in counter top steam table. A glass door walk in cooler is also located in the main kitchen. The scullery is conveniently located adjacent to the kitchen. The basement area was completely excavated during renovation and now accommodates health department certified prep areas, walk in coolers, dry storage, offices, and so called green room. The large basement prep area, which is fully compliant with health department requirements, includes separate beer and walk in coolers, vegetable sink, three compartment sink and a variety of stainless steel prep tables. Walls are clad in washable FRP, the floors are seamless epoxy and the ceilings are all washable lay in tiles. SUB MARKET: Edgewater TIM RASMUSSEN, CCIMCIM svnchicago. ago.comom
RESTAURANT WITH REAL ESTATE PROPERTY NAME: PROPERTY ADDRESS: PROPERTY TYPE: Restaurant For Sale 1401 W Devon Avenue Chicago, IL 60660 Restaurant APN: PRICE / SF: $227.85 GROSS LEASABLEABLE AREA: BUILDING CLASS: 7,900 SF Commercial ZONING: B3-2 YEAR REHABBED: 2008 NUMBER OF STORIES: 2 FOUNDATION: WALLS: ROOF: Concrete Exposed Brick Rooftop Garden TIM RASMUSSEN, CCIMCIM svnchicago. ago.comom
RESTAURANT WITH REAL ESTATE TIM RASMUSSEN, CCIMCIM svnchicago. ago.comom
RESTAURANT WITH REAL ESTATE POPULATION 0.5 MILES 1 MILE 1.5 MILES TOTAL POPULATION 19,919 74,240 133,901 MEDIAN AGE 33.4 34.0 35.2 MEDIAN AGE (MALE) 35.5 34.9 35.4 MEDIAN AGE (FEMALE) 30.8 32.7 34.7 HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES TOTAL HOUSEHOLDS 9,085 33,914 60,311 # OF PERSONS PER HH 2.2 2.2 2.2 AVERAGE HH INCOME $59,124 $57,082 $59,607 AVERAGE HOUSE VALUE $384,136 $358,093 $373,429 TIM RASMUSSEN, CCIMCIM svnchicago. ago.comom
RESTAURANT WITH REAL ESTATE TIM RA RASMUSSEN, SMUSSEN, C CCIM CIM MARCUS SULLIV SULLIVAN AN svnchic vnchicago. ago.c com
RESTAURANT RESTAURANT WITH REAL ESTATE TIM RA RASMUSSEN, SMUSSEN, C CCIM CIM MARCUS SULLIV SULLIVAN AN svnchic vnchicago. ago.c com