6601 West Archer AvenueChicago, IL 60638Price: $1,150,000

  • Price: $1,150,000
  • 173 Days on Market
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Federal 30-year interest rate: 6.09% last updated on Feb 2, 2023
* 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

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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 plus a a converted shipping container housing "Archer Dogs" (hot dog stand) which will be ready and licensed to operate shortly. 2020 and 2021 sales revenues were at or near $750,000 as reported on the owners tax return. 2022 sales are looking to be in the same range showing consistent and dependable returns. 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 (including the hot dog stand), and inventory included at cost. Please feel free to stop by for a meal but refrain from talking to employees and customers. Business and Real Estate can be sold separately. Business price in this scenario would be $ 695,000. The price for the Real Estate including the main building and the storage lot 2 doors west would be $ 600,000. An installment sale may be possible and would 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 February 7, 2023 . 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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