727 West Maxwell Street #22, CHICAGO, IL 60607 (MLS # 10132135)

Price $0
Status Active
Size n/a
Lot Size n/a
Days on Market 10
What a magnificent turnkey fast-casual restaurant in the heart of U.I.C. The restaurant includes kitchen appliances, walk-in cooler, walk-in freezer, all front of the house furniture, and a 12-foot hood. This is an exceptional opportunity for a first-timer or an established concept. This transaction is an asset sale and lease assignment. The restaurant is 1,325 square feet and has a new build out. The lease term has seven years left with one five year option. The current rental rate is under market and excellent for the area. Yearly adjustment is 3%. CAM $3.79 PSF includes grease trap, landscape, snow, and trash removal. Landlord Service Fee $4.50 PSF includes heating cooling and electric. The asset sale is $25,000 includes all FF&E, under market lease, and the ability to open for business right away. Please note U.I.C is the landlord and will have final approval or denial of the tenant. Tenant will take over the current lease and relive sublessor of their contract
Property Type(s): Commercial
Last Updated 11/7/2018 Year Built 0
Community CHI - Near West Side County Cook

Additional Details

AIR Central Air
AIR CONDITIONING Yes
AREA CHI - Near West Side
CONSTRUCTION Brick, Concrete, Concrete Block
EXTERIOR Patio
HEAT Electric, Forced Air
INTERIOR Handicapped Access, Handicapped Equip Washroom/s, Janitorial Service, Private Restroom/s
PARKING 0
STORIES 1
TAXES 0

Location

 

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