Madan R Khatri - Commercial Real Estate Showcase

Madan R Khatri Property Listings
Berkshire Hathaway American Heritage
25 Turner
Elk Grove Village, IL 60007-3954

205 Main Street

Algonquin, IL 60102 - Far Northwest Submarket

Property Type:Retail Sub Type:Restaurant Status:Existing Year Built:1900
Building Size:3,020 SF Land Area:.18 AC (7,806 SF)
For Sale Price:$649,000 Price/SF:$214.90
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 8.61/1,000 SF

Sale Notes:
Great Restaurant for Sale with 2 apartments. This building is sold with the Current Restaurant Business on the main floor and two Apartments on the second floor. It also has a basement. At present, the apartments are rented for $1000 and $850 and the owner charges $3500 rent for the restaurant from the business to himself. Total rental income potential of $58200 with expense of $23000. The business hours are Wed-Sun from 6:00am to 2:00pm for breakfast and Lunch. Monday and Tuesday, it is closed. The price included the building for $500,000 and the business for $149,000 which include all equipment and fixtures. and Great Potential Income for someone to run business 7 days a week for Breakfast, Lunch and Dinner. The price includes all equipment. In 2004, the owner updated Electric, Plumbing, Furnaces, AC. 2 Full baths and 2 half baths with ceramic tile floors.

Berkshire Hathaway American Heritage
Madan R Khatri
(847) 364-6030

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