6601 West Archer AvenueChicago, IL 60638Price: $655,000

  • Price: $655,000
  • 130 Days on Market
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Federal 30-year interest rate: 5.1% last updated on May 26, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 3,000Square Feet
  • 1975Year Built

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Long time very successful seafood restaurant in high traffic location. This operation has been in business for 30 plus years under the guidance of the current owner who is now ready to transition into retirement There a couple of ways that a transaction can be structured as follows; Cash or outside financed deal at $1,350,000. Cash for the business at $695,000 with a lease of the real estate at $6,000 NNN for up to 3 years. Buy the real estate for $655,000 and lease or sell the business to a new operator simultaneously. An installment sale may also be possible and might be considered on a case by case basis.

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Listed by John Gillespie and Karen Alexa-Gillespie of RE/MAX Action

Based on information submitted to MRED  as of May 27, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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