106 North Main Street #1



MLS# 09815785


Free standing restaurant-bar-lounge-banquets-carryout-catering with drive thru window includes two catering trucks, five slot machines averaging $120,000 gross monthly which generates $11,000 a month profit run by absentee owner pays more than $207,000 in management and extra expenses that an owner operator could save. 13,325 +/- SF building with 11,000 SF lower level. Has a two bedroom apartment on the second floor that pays $700 a month, newly constructed for Real Estate tax purpose. Before ownership was paying $125,000 in Real Estate taxes, now with the apartment only $49,000.00. 2.07 acres of paved and lighted parking lots. Parks 166 vehicles. Seats bar lounge area 93, dining room 130 and banquets 250. Owner retiring after 43 years. Possible owner financing to qualified buyer with $400,000 down.
Price Per Sq Ft

This listing 106 North Main Street #1 Glenwood, Il 60425 is a retail/stores listing on a lot of 85,764 sqft (or 292 X 372 X 3619/54 X 150 acres). 106 North Main Street #1 was built in 1970. 106 North Main Street #1 is located in Glenwood and in ZIP Code 60425. It has been listed on our site since Dec 11, 2017.

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Listing Office: Coldwell Banker Residential

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Glenwood is a welcoming village located 23 miles south of the Loop and 4 miles from the Indiana border .  Click here to read more.

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