475 Virginia Street

    Crystal Lake, IL 60014
    • $599,000
    • STATUS: Active
    • ON SITE: 115 days
    • MLS #: 10586188
    UPDATED: 7 min ago
    $599,000
    • 0
      BEDS
    • .50-.99 Acre
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,000
      SQFT
    • $300
      $/SQFT
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    This is a high profile Hard Corner fast food/retail property for sale. Owners are retiring after more than 50+ years at this location. This 2000SF freestanding fully equipped restaurant with a dining room and full basement. The restaurant has a large Pylon sign located along Route 14 (Northwest Highway) & Dole Avenue with heavy traffic counts of over 30,000 VPD. There is ample room to incorporate a drive thru by expanding the parking lot. 3 PIN numbers come with this property.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2020-03-29T17:49:32.207 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.spaniakteam.com/homes/101437825

    475 Virginia Street Crystal Lake, IL 60014

    • Price: $599,000
    • Status: Active
    • Updated: 7 min ago
    • MLS #: 10586188
    0
    Beds
    0
    Baths
    0
    ½ Baths
    .50-.99 Acre
    Acres
    2,000
    SQFT
    $300
    $/SQFT
    Neighborhood:
    Crystal Lake / Lakewood / Prairie Grove
    County:
    McHenry
    Area:
    Crystal Lake / Lakewood / Prairie Grove
    Property Description
    This is a high profile Hard Corner fast food/retail property for sale. Owners are retiring after more than 50+ years at this location. This 2000SF freestanding fully equipped restaurant with a dining room and full basement. The restaurant has a large Pylon sign located along Route 14 (Northwest Highway) & Dole Avenue with heavy traffic counts of over 30,000 VPD. There is ample room to incorporate a drive thru by expanding the parking lot. 3 PIN numbers come with this property.
    Exterior Features

    Approx Land Sq Footage 1984 Construction Brick Lot Dimensions .6 ACRES Lot Sq Ft 26136 Number Of Parking Spaces 33 Waterfront YN No

    Interior Features

    Air Conditioning Central Air Number Of Stories 1 Outdoor Parking 31-50 Spaces

    Property Features

    Adj Net Inc Expense Source Actual Adjusted Net Income 0 Ann Rnt Expense Source Actual Annual Rent For Real Estate 0 Business Age 11+ Years Business Type Bar/Lounge/Nite ClubFood And BeverageRestaurantRetail/Misc. Corporate Limits Crystal Lake Cost Of Goods Expense Source Actual Cost Of Goods Sold 0 Cost Of Goods Year 2019 Current Use Commercial Food Beverage Type Fast Food/Drive-InRestaurantDeliCateringOtherCarry-OutGrill Green Supporting Documents No Gross Payroll 0 Gross Payroll Expense Source Actual Gross Payroll Year 2019 Gross Profit 0 Gross Profit Expense Source Actual Gross Profit Year 2019 Gross Sales Ann Expense Source Actual Gross Sales Ann Year 2019 Gross Sales Annual 0 Heat Ventilation Central Bldg Heat Inventory 0 Inventory Expense Source Actual Inventory Year 2019 Known Encumbrances None Known Living Quarters None Miscellaneous Outside Security LightingTenant SignageOther Net Operating Income Year 2019 Net Profit 100000 Net Profit Source Broker Projection Possession ClosingNegotiable Property Offered For Sale Only Real Estate Included YN Yes Sale Terms ConventionalContract (Articles) For DeedWrap Around Seating Capacity 41-50 Tax Year 2018 Taxes 12373 Tenant Pays Varies By Tenant Total Op Exp Year 2019 Total Op Expense Source Actual Total Operating Expenses 0 Type Of Lease None Unincorporated YN No Utilities To Site Electric To SiteGas To Site

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Arni Realty Incorporated.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2020-03-29T17:49:32.207 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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