FOR SALE LINCOLN PARK BAR/RESTAURANT 2138 N. Halsted St Chicago, IL 60614 PRESENTED BY: MARCUS SULLIVAN PROPERTY HIGHLIGHTS Rare Corporately Held Tavern Liquor License Below-Market Lease with Long-Term Options Desirable Lincoln Park Location on Busy Halsted Street Can Easily Be Adapted To Accommodate Numerous Hospitality Concepts
LINCOLN PARK BAR/RESTAURANT 2138 N. Halsted St, Chicago, IL 60614 SALE OVERVIEWVIEW SALE PRICE: $80,000 BUSINESS SIZE: 2,100 Square Feet LICENSE TYPE: Tavern And Retail Food PROPERTY DESCRIPTION Great opportunity to purchase second generation restaurant space on busy Halsted street. This is a sale for the business and all assets attached to the business. Fully built out restaurant and bar with all furniture and equipment included. Front dining area includes custom booth seating and high-top stainless steel tables that provide seating for 45 guests (room to add more). Matching stainless steel bar with seating for 14. Great opportunity to re-concept while locked into a below-market lease with long term options. CEILING HEIGHT: 12 FEET ZONING: B3-2 MARKET: Chicago SUB MARKET: Lincoln Park CROSS STREETS: Halsted And Webster MARCUS SULLIVAN svnchicago. ago.comom
BUSINESS SALE SUMMARY LISTING BROKERS Marcus Sullivan, Tim Anderson BUSINESS TYPE Bar/Restaurant BUSINESS TRADE NAME Mason BUSINESS ADDRESS Benny s Pizzeria, Inc. BUSINESS SALE PRICE $80,000.00 REAL ESTATE INCLUDED? No this is a Stock sale with a lease assignment. Please see below for specific lease details. STOCK OR ASSET SALE Stock Sale BUSINESS LICENSES Tavern Liquor License and Retail Food BUSINESS SIZE Approximately 2,100 square feet on the ground floor plus exclusive use of the lower level space associated with the premises. LEASE TYPE This is a modified gross lease LEASE TERM Lease Term is valid until December 31, 2018 LEASE OPTIONS Two Five year options to extend to December 31, 2028 ANNUAL GROSS RENT $5,834.95 per month (Base Rent Amount) plus 70% of water utility bill. Approximately $33.15 per square foot based on ground floor square footage. LEASE ESCALATIONS 3% Annual increases for the base term and all options SECURITY DEPOSIT $12,000.00 LEGAL OCCUPANCY 99 AREA Lincoln Park ACTUAL ZONING B3-2 ALDERMAN / WARD Michele Smith PARKING Street Parking Only EXCLUSIONS Personal Property TYPE OF BASEMENT Large full basement for storage YEAR ESTABLISHED 1997 SHOWINGS By appointment only LOCATION DESCRIPTION Lincoln Park contains a large number of upscale national retailers, boutiques, bookstores, restaurants and coffee shops. There are also many bars and clubs in the area. Lincoln Park is one of the wealthiest and most expensive communities in which to live. Magnificent mansions, swank boutiques and renowned restaurants complete the rich tapestry that is Lincoln Park. DISCLAIMER The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. All references to square footage and age are approximate.
2138 NORTH HALSTED STREET Copyright 2016. www.bestfloorplans.com - Floorplans are approximate and for marketing purposes only Bathroom 15' X 7' Bathroom 15' X 8' Kitchen 15' X 12' Bar 10' X 26' Dining Area 20' X 51' Down Entrance APPROXIMATELY 2,112 SQUARE FEET
LINCOLN PARK BAR/RESTAURANT 2138 N. Halsted St, Chicago, IL 60614 MARCUS SULLIVAN svnchicago. ago.comom
LINCOLN PARK BAR/RESTAURANT 2138 N. Halsted St, Chicago, IL 60614 POPULATION 0.5 MILES 1 MILE 1.5 MILES TOTAL POPULATION 18,433 67,836 138,699 MEDIAN AGE 28.2 29.9 31.3 MEDIAN AGE (MALE) 28.7 30.4 31.9 MEDIAN AGE (FEMALE) 27.2 29.5 31.0 HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES TOTAL HOUSEHOLDS 7,928 32,869 71,838 # OF PERSONS PER HH 2.3 2.1 1.9 AVERAGE HH INCOME $165,240 $137,725 $123,055 AVERAGE HOUSE VALUE $701,663 $708,833 $636,377 MARCUS SULLIVAN svnchicago. ago.comom
LINCOLN PARK BAR/RESTAURANT 2138 N. Halsted St, Chicago, IL 60614 MARCUS SULLIV SULLIVAN AN svnchic vnchicago. ago.c com
Front # Metal Bar Stools 36 Metal 4-Top Tables (Bar Height) 2 Metal 2-Top Tables (Bar Height) 4 Metal Booth Tables 4 Large Booths 4 Televisions 11 Banquet 1 Chandelier & custom lighting 1 Wall Mounted Speekers 6 Tap Towers (13 Handles) 3 Kitchen POS Terminals 2 Telephone 1 Standing Refridgerator 2 2-Door True Prep Table 1 Heat Lamp 2 Custome Shelving Unit 5 APW Wyoii Grill on Half Prep Stainless Table 1 Stainless 3 Compartment Wash Sink 1 Stainless Prep Table 3 2-Basket Deep Fryer 1 American Pride 6-Burner Stove w/ Oven 1 Reach-In Ice Well 1 Hood and Ansil System 1 Cooking Utensils Misc. Back Bar Ice Wells 4 Norpol Drop-In Cooler 1 Superior Drop-In Cooler 1 3 compartment Sink with Glass Washer 1 Telephone 1 POS Terminal with Cash Box 1 Metro Racks 3 Basement Fridge 1 Cooler 1 Walk-In Cooler 1 Security System 1 Bar Stools 16 Pannini Machine 1 Metal Metro Rack 3
Custom Built Lockable Dry Storage Liquor Cage 2 Safe 1 Desk 1 Frezzer 1