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935 Sheridan RD Winthrop Harbor, IL 60096
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Key Details
Sold Price $995,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 7,562 sqft
Price per Sqft $131
MLS Listing ID 11479651
Year Built 1920
Annual Tax Amount $19,204
Tax Year 2020
Property Sub-Type Mixed Use
Property Description
SUCCESSFUL TURN KEY BUSINESS ON HIGH TRAFFIC ROAD WITH 4 Apartments Upstairs and Gaming Machines!! Unique Boat Shaped Bar area with 2 Bonus Rooms for Private Parties, plus 2 Decks with Seating, and Dining Room (Seating for 155 Inside plus the Two Patios for Additional Seating). Two Kitchens - one dedicated just for Pizza's, and the Other can accommodate a Full Menu. Bar Seating and Pub Tables in Lounge Area, and Dining Room with Tables & Chairs has a unique Open Atmosphere if Desired or Close Off for Privacy. Owner has had this business for over 20 years! The "Other Place" is well known Chicago style pizza and well known for the specials such as the Double Decker Pizzas, Friday night fish fry, Saturday night Rib dinners as well as burgers, gyros and wraps. We also currently have our own in house delivery service. The business was profitable through the pandemic. The gambling machines have been a bonus for the business, Gaming information for Lighthouse is available through Additional Information Tab. The apartments above the restaurant consist of 1 Two Bedroom Unit, 1 One Bedroom Unit, 2 Studios. Great Tenants, and rents are below market value. Renovations in 2010 included the Bar area with added coolers, upgraded Electric, Wall between Bar & Dining Rm, Acoustic Foam for Sound Proofing, and Closed Off Kitchen. In 2011/12 they added the Pizza Kitchen (vented through the Fireplace), and a Brand New Roof! In 2019/2020 They installed all new Flooring, updated the Bathrooms, Added Granite Counter Tops in Dining area, and a Complete Remodel on one of the Apartments. Winthrop Harbor is Approved for Cannabis License and is a Great Location to Own this Business ~ located in-between Milwaukee and Chicago and about 1 mile from the Shores of Lake Michigan where Winthrop Harbor is home to the Largest Fresh Water Marina on the Great Lakes! Lots of Boaters!! Area for a Band or DJ! Plus 78 Parking Spaces!! Must See to Appreciate.
Location
State IL
County Lake
Area Winthrop Harbor
Zoning RTAIL
Interior
Cooling Central Air
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Mikus Kins of Be Realty, LLC
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Chris Buckely
IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311
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