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    6601 W Archer Avenue

    Chicago, IL 60638
    • $1,750,000
    • STATUS: Active
    • ON SITE: 87 days
    • MLS #: 11074531
    Price Reduced
    UPDATED: 60 min ago
    $1,750,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,000
      SQFT
    • $583
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    Long time successful seafood restaurant in high traffic location. This operation has been in business for 30 plus years and now it's time to pass the baton to a new owner and for the the current owner to transition into retirement. The sale price includes the main 3000 SF building housing the restaurant and all equipment plus a fenced vacant lot 2 doors west which is used for storage and contains a freezer unit and storage containers. 2020 sales revenue was almost $800,000 as reported on the owners tax return. This is a turn key ongoing entity which includes training. Also included are income from gaming machines, the liquor license for beer and wine, all equipment, and inventory included at cost. Please feel free to stop by for a meal but refrain from talking to employees and customers.

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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 2021-07-30T17:55:48.733 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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    6601 W Archer Avenue Chicago, IL 60638

    • Price: $1,750,000
    • Status: Active
    • Updated: 60 min ago
    • MLS #: 11074531
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    3,000
    SQFT
    $583
    $/SQFT
    Neighborhood:
    Chi - Garfield Ridge
    County:
    Cook
    Area:
    Chi - Garfield Ridge
    Property Description
    Long time successful seafood restaurant in high traffic location. This operation has been in business for 30 plus years and now it's time to pass the baton to a new owner and for the the current owner to transition into retirement. The sale price includes the main 3000 SF building housing the restaurant and all equipment plus a fenced vacant lot 2 doors west which is used for storage and contains a freezer unit and storage containers. 2020 sales revenue was almost $800,000 as reported on the owners tax return. This is a turn key ongoing entity which includes training. Also included are income from gaming machines, the liquor license for beer and wine, all equipment, and inventory included at cost. Please feel free to stop by for a meal but refrain from talking to employees and customers.
    Exterior Features

    Approx Land Sq Footage 3000 Construction Materials Brick Frontage Type City Street Location Mixed Use AreaFree Standing/Urban Outdoor Parking 6-12 Spaces Parking Total 3 Roof Membrane Waterfront YN No

    Interior Features

    Cooling Central Air Electric 201-600 Amps Heat Ventilation Central Bldg HeatForced AirGas Seating Capacity 41-50

    Property Features

    Additional Parcels YN Yes Adj Net Income Year 2020 Adjusted Net Income 0 Annual Rent For Real Estate 0 Business Age 11+ Years Business Name Shrimp Shack Business Type Restaurant Corporate Limits Chicago Cost Of Goods Sold 0 Cost Of Goods Year 2020 Food Beverage Type RestaurantCateringCarry-Out General Information 24-Hr Notice RequiredList Broker Must Accompany Gross Payroll 0 Gross Payroll Year 2020 Gross Profit 0 Gross Profit Year 2020 Gross Sales Ann Year 2020 Gross Sales Annual 773000 Inventory 0 Inventory Year 2020 Known Encumbrances None Known Leaseable Area Units Square Feet Living Quarters None Lot Size Less Than .25 Acre Lot Size Dimensions 33 X 125 Net Operating Income Year 2020 Net Profit 0 Non- Disclosure Agreement Required YN Yes Operating Expense 0 Operating Expense Includes AdvertisingCapital ImprovementsFuelInsuranceLicensesMaintenanceMaintenance GroundsMaintenance StructureNew TaxParkingSnow RemovalStaffSuppliesTrashUtilitiesWater/SewerWorkmans CompensationElectricityFixed ExpensesGasHeat/CoolingReal Estate TaxTelephone Ownership Type Llc Ownership Type1 Condo Possible Use CommercialLiquor LicenseRetail Property Offered For Sale Only Real Estate Included YN Yes Sale Includes LandBuildingBusinessLicense/PermitEquipmentTrade FixturesOwner Will TrainCov Not To CompetePhone NumberBusiness NameKey Money/Good Will Sales Taxes 0 Sales Taxes Year 2020 Tax Annual Amount 13009 Tax Year 2019 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceOperating StopsTaxesInsuranceRepairsRoofScavengerStructureTax StopsSewerGas Total Operating Expenses Year 2020 Type Bus / Bus W/Real Est Type Of Lease None Unincorporated YN No Utilities Electric To SiteGas To SiteSanitary SewerSewer-Storm AvailableWater-MunicipalWater To Site Zoning Rtail

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Re/Max Action.


    © 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 2021-07-30T17:55:48.733 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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