Large vacant Commercial/ Retail property on 0.19 acres
200-206 W 144th Street , Riverdale, IL 60827
6,000 sq ft Commercial property suitable for a variety of uses. Former Bar Lounge & Grill on 0,19 acres.
Great potential. Income / Investment property or owner occupier.
This is a large bar and large lounge areas with 2 large connecting rooms .You can enter both unit by the same door and has 2 bathrooms and a small office. Small back yard.
Property needs minor repairs and re-decoration.
Suitable for a variety of uses which could include: Restaurant, bar / lounge, club, store/ retail, showroom, offices.
Very Good location:
Located on a busy street and many commercial activities. Average daily traffic count is 9,350 cars/ day. The property is very accessible being a 200 West 144th Street is a four minute walk from the ME Metra Electric at the Ivanhoe stop. and nearest bus lines being 1/2 miles of the property. The proximity to the end of a Metra line as well as being in a popular spot with local residents means a business there will get a diverse customer base.
Downtown Riverdale: 0.3 miles
Downtown Chicago: 21.6 miles
Demographics*:
Total Adult population (within 1 mile): 19,306
Total Adult population (within 3 miles): 127,355
2013 Total population Median Age: 32
2013 Average Household income: $53,156 (within 3 miles)
Crime: Low (green) (Trulia.com)
Great investment opportunity:
The average asking price for all Riverdale Retail properties, based on data gathered from LoopNet.com is $120/SF.
which values the property at $720,000
*Loopnet
This is a unique opportunity for the savvy business owner, developer or investor to own a potentially high income property at a discounted price in a great location.
Price Comps
For sale:
14344 S. Indiana Ave., Riverdale, IL 60827 - 1,800 sq ft- $299,999.00
151 W. 144th St., Riverdale, IL 60827 - 2,047 sq ft- $129,800
Cook County Parcel ID: 29-04-322-022-0000
PROPERTY IS SOLD AS IS, WHERE IS-
Property is sold on a Quit Claim Deed with buyer assuming taxes, and is responsible for tax redemption, liens and encumbrances (if any).
Winning bidder must contact the seller within 24 Hours after the close of the auction with full details of the buyer.
Buyer will also be responsible for $500 deed prep and doc fee as well as 8 % premium.
10% non-refundable deposit (minimum $1,000), auction premium (Minimum $250) and $500 deed preparation and doc fee are due within 48 hours of auction close.
Final Payment to be made within 1 week of the Auction close.
All bidders to do their due diligence. Property is sold on a Quit Claim Deed with buyer assuming taxes, and is responsible for tax redemption, liens and encumbrances (if any). No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.
