106 N Main Street #1

Glenwood, Illinois 60425

Robert Blaszkiewicz

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$8 per sq. ft.

Square Footage
Robert Blaszkiewicz
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Property Type

For lease free standing restaurant-bar-lounge with five slot gaming machines, banquets, take out, catering with drive thru window. First floor 12,000 SF, second floor 1,325 SF two (2) bedroom apartment rented at $700 per month. Seats 92 at the bar-lounge, 130 in dining area and 250 in banquet room. The building sits on 2 acres, parking for 166 vehicles. In 2015, ownership spend $500,000 in improvements to the property. Five (5) slot machines averaging $120,000 gross monthly which generates $11,000 a month net profit. Sales are $3.5 million a year. Verifiable with Income Tax returns. Absentee owner pays $207,000 in management that can be saved.

Full Features
Parking Spaces: 166
Cooling System: Central Air
Stories: 2
Current Use: Commercial
Business Use: Bar/Lounge/Nite Club, Food and Beverage, Restaurant
Potential Use: Commercial, Other
Zoning: COMMR

Taxes & Assessments
Taxes: $49,000

Listing Office: Coldwell Banker Residential

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Glenwood is part of the South Suburbs. The south suburbs offer residents suburban living with convenient access to the city. Three communities within the area – Homewood, South Holland and Park Forest, have been recognized by Forbes Magazine as the…

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Nearby Public Transportation

Metra Electric Main Branch

at Homewood Station (2.69 miles away)

106 N Main Street #1 Glenwood, Illinois 60425 is a business property, currently listed at $8 per sq. ft.. Want to learn more about 106 N Main Street #1 Glenwood, Illinois 60425? Contact an @properties agent to request more info.

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