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13325 Olde Western Avenue Blue Island, IL 60406 Commercial - Business Active

  • 13325 Olde Western Avenue, Blue Island, IL 60406 Main Photo

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Description

Iconic, historic, mixed-use building on remarkable Olde Western Ave in the heart of Downtown Blue Island! This building which includes one, turn-key restaurant space, one, needs-to-be-finished, upstairs apartment, a huge parking lot, and a detached garage is ALL for sale and ready for it's next great run! Formerly Marios Tacos and Bada-Bing Wings, this place has been a neighborhood icon for nearly 60 years! Who is ready to join the other amazing businesses that call the City of Blue Island home!? High-Traffic Location, Fully-equipped Restaurant on the main level! Seize this rare opportunity to own a beautifully renovated, fully equipped restaurant in a thriving, walkable neighborhood. This 2,690 SF mixed-use building sits on a generous 12,500 SF lot and includes:Expansive outdoor and enclosed patios Fully furnished dining room and bar (seats 50 indoor tables + 30 outdoor) Brand new FF&E, including a walk-in refrigerator, Finished basement for storage, Unfinished upstairs apartment ideal for conversion long-term, or event venue, Two restrooms Covered garage and ample parking. Located across from Rock Island Public House, Burrito Jalisco and steps from La Vieja Castilla, Jerry's BBQ, and Sid's Pizza and soon-to-be Steak House not to mention Marz Brewing! The area is buzzing with foot traffic from local bars, breweries, and the Lyric Theater-making it a prime location for Italian, venue, Middle Eastern, or other standout concepts. Highlights: SBA Financing Available for qualified buyers Over $100,000 in Inventory Included! Whether you're an established restaurateur or a passionate newcomer, this is your chance to capitalize on a high-visibility, fully equipped restaurant property in one of the area's most vibrant dining destinations!

Property Highlights

Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1857

General Information

County: Cook
Listed By:
Hanley Realty, Inc. 708-277-3179
MRED MLS
$399,900
Est. $2,696/mo
Active
SQUARE FEET2,690 MLS#12745288
STATUSActive PROPERTY TYPECommercial - Business

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13325 Olde Western Avenue, Blue Island, IL 60406.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $399,900$399,900$399,900
Down Payment $79,980$13,997$99,975
Monthly Mortgage Amount $2,022$2,482$2,511
Taxes $557$557$557
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$176$0
Monthly Estimated Total $2,696$3,332$3,185

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