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    3121 S 48th Court

    Cicero, IL 60804
    • $4,000,000
    • STATUS: Active
    • ON SITE: 166 days
    • MLS #: 10993687
    $4,000,000
    • 0
      BEDS
    • 1.77
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 24,000
      SQFT
    • $167
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    The European American Banquet Hall has been a family owned and operated banquet hall in Cicero since 1991. It is good for church, hotel among others. A huge parking is attached to the property. At this time the owner is retiring and both the property and the business are for sale. The property consists of 2 banquet halls, full kitchen, 2 bars, walking cooler, tables, chairs, and much more. The big hall holds between 860 and 1,380 people, depending on occasion. The small hall holds 300+ people. This has been the spot in Cicero for weddings, concerts, bingo, and all other occasions. The hall needs minor cosmetic updating but has good bones and is fully operational. There are many booked weddings and other parties. The hall is approved for gaming machines, which were installed a few months ago, and bring extra income. Great property to purchase and run the business as there are not many properties of this size in the area. Plenty of parking (over 1 acre).

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    © 2021 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 The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-07-27T23:52:22.403 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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    3121 S 48th Court Cicero, IL 60804

    • Price: $4,000,000
    • Status: Active
    • MLS #: 10993687
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.77
    Acres
    24,000
    SQFT
    $167
    $/SQFT
    Neighborhood:
    Cicero
    County:
    Cook
    Area:
    Cicero
    Property Description
    The European American Banquet Hall has been a family owned and operated banquet hall in Cicero since 1991. It is good for church, hotel among others. A huge parking is attached to the property. At this time the owner is retiring and both the property and the business are for sale. The property consists of 2 banquet halls, full kitchen, 2 bars, walking cooler, tables, chairs, and much more. The big hall holds between 860 and 1,380 people, depending on occasion. The small hall holds 300+ people. This has been the spot in Cicero for weddings, concerts, bingo, and all other occasions. The hall needs minor cosmetic updating but has good bones and is fully operational. There are many booked weddings and other parties. The hall is approved for gaming machines, which were installed a few months ago, and bring extra income. Great property to purchase and run the business as there are not many properties of this size in the area. Plenty of parking (over 1 acre).
    Exterior Features

    Approx Land Sq Footage 24000 Parking Total 150

    Interior Features

    Cooling Central Air Heat Ventilation Forced Air

    Property Features

    Additional Parcels YN No Adj Net Income Year 2019 Adjusted Net Income 0 Annual Rent For Real Estate 0 Business Age 11+ Years Business Type Other Corporate Limits Cicero Cost Of Goods Sold 0 Cost Of Goods Year 2019 Food Beverage Type Banquet General Information List Broker Must Accompany Gross Payroll 0 Gross Payroll Year 2020 Gross Profit 0 Gross Profit Year 2019 Gross Sales Ann Year 2019 Gross Sales Annual 0 Inventory 0 Inventory Year 2019 Known Encumbrances None Known Lot Size 1.0-1.99 Acres Lot Size Dimensions 616 X 125 Net Operating Income Year 2019 Net Profit 0 Operating Expense 0 Property Offered For Sale Only Real Estate Included YN Yes Sale Includes LandBuildingBusinessLicense/PermitEquipmentTrade FixturesTrade Mark/SOwner Will TrainPhone NumberBusiness Name Sales Taxes 0 Sales Taxes Year 2019 Tax Annual Amount 83626 Tax Year 2019 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceTaxesInsuranceRepairsRoofScavengerStructureTax StopsSewerOtherGas Total Operating Expenses Year 2019 Type Bus / Bus W/Real Est Type Of Lease None Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Joseph B Omoremi.


    © 2021 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 The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-07-27T23:52:22.403 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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