North Chicago, IL 60064,1801 Martin Luther King Jr DR
North Chicago, IL 60064,1801 Martin Luther King Jr DR
2
$908,000
$990,000
8.3%
Est.Price: ?

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5,628 SqFt

1801 Martin Luther King Jr DR North Chicago, IL 60064

Est. payment /mo
SOLD DATE : 12/27/2018

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Key Details

Sold Price $908,000

Property Type Commercial

Sub Type Bus / Bus w/Real Est

Listing Status Sold

Purchase Type For Sale

Square Footage 5,628 sqft

Price per Sqft $161

MLS Listing ID 10106406

Annual Tax Amount $24,600

Tax Year 2017

Property Sub-Type Bus / Bus w/Real Est

Property Description

Located in Chicago Metro about 60 minutes from Chicago Downtown in a great neighborhood. located in Lake County, IL Seller Financing Available if needed for the down payment help. Real Estate: Owned Included in asking price Building SF: 5,628 Employees: 5 Furniture, Fixtures, & Equipment (FF&E): Included in asking price Facilities: The building consists of 2 retail storefronts and one apartment. 3,958 sq ft of the space is used for the convenience and grocery store. Support & Training: Yes Reason for Selling: Other business interests * High Volume Store Avg $104,000 per month. It has a high ratio of grocery sales and 10% of deli sale, both at a very high margin. Total store profit margin exceeds 32% or more * Additional rental income $1,800 per month from apartment and retail storefront. * Plus $34,919 per year in additional revenue from Lotto * Plus potential income of $6,500 per month from the gaming machines. location was just approved for gaming machines.

Location

State IL

County Lake

Area North Chicago

Zoning COMMR

Interior

Cooling Central Air

Building

Structure Type Brick,Concrete,Block,Steel Siding

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Midwest Real Estate Data (MRED) IDX
Listed by Syed Brokerage & Capital Co. 
Bought with Syed Brokerage & Capital Co.

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Chris Buckely

Chris Buckely

IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311

+1(312) 313-5553

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