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Fully Built Bar for Sale at 819 North California Ave

Fully Built Bar for Sale at 819 North California Ave
FOR SALE

$1,075,000

819 North California Avenue, Chicago, IL 60622

3,000 SF

Square Feet

$358

PPSF

Property Description

Incredible opportunity to purchase a fully built out, fully furnished BAR and building. This bar has NEVER been opened to the public. Completed in 2017, it has just been hanging out on California Ave as a mystery, until now! The building was completely rebuilt, only the facade remains - even though it has been renovated too. The bar is set up to be a beer lovers dream. 20 taps with its own keg walk in directly attached to it. Three wells for bartenders. Plenty of low boy coolers for all your canned goods. It even has a fridge drawer. There is another walk in cooler by the back of the building along with a reach in. 2 fully built out ADA bathrooms. The front of the restaurant has a small cold prep/deli counter. There is a large (for a resaurant/bar) office/storage area. There are 2 parking spaces in back as well.


Property Details

Asset Type

Retail

Zoning

C1-1

Neighborhood

Humboldt Park

Submarket

Chicago

ZIP

60622

Renovated

2016

Listing Type

sale

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$61,153

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$5,096

Annual Debt Service

$61,153

View on Map

Address

819 North California Avenue

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Chicago Retail Market Snapshot

Boundary boundary · Retail · Sale

No investors found in this market.

Contact the Listing Team

Erin Feinerman

Erin Feinerman

Broker

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Erin Feinerman

Erin Feinerman

Broker

2 closed

Call