Fully Built Bar for Sale at 819 North California Ave
$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
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