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6845 W Addison, Chicago, IL

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6845 W Addison

Chicago, IL 60634 - Northwest City Submarket

Property Type:Retail Sub Type:Restaurant Status:Existing Year Built:1958
Building Size:6,954 SF Land Area:.14 AC (6,229 SF)
For Sale Price:$648,000 Price/SF:$93.18
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 2/1,000 SF
Features:Bus Line, Signage

Well established banquet hall ( business & property) for sale. Over 5000 sq ft can acomodate 185 people. Fully equiped kitchen with cooler & freezer. 1200 sq ft on the 2nd floor for the owner. Parking lot. Low RE taxes. Attractive NW location
Addison East of Harlem

Sale Notes:
Baird & Warner is pleased to offer for sale the fee simple interest (land & building) located in Northwest side Chicago. The building consists of roughly 7,000 SF of 2 stories former but fully operational banquet hall. 6,800' on main level with the seating capacity of 185 and 1,200' on the 2nd floor updated apartment with gorgeous deck. Apx. .29 acres site (100x125) includes 25 parking spaces. There is also an additional apx. 700' basement with 8' ceiling heights. Zoned B1-1. The owner has kept the property in outstanding condition, and it could easily be reopened as-is. The property is also a very strong candidate to be remodeled or redeveloped into a new banquet/restaurant, retail, medical, condos, etc.

The neighboring residential communities are densely populated, offering a robust customer base. The surrounding community, within a 5-mile radius, is home to nearly 1,000,000 residents with an average household income of approximately $70,000.

Baird & Warner
Wesley. J JonBerg
(312) 981-2384

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