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    2005 Roscoe Street

    Chicago, IL 60618
    • $75,000
    • STATUS: Active
    • ON SITE: 223 days
    • MLS #: 10635708
    UPDATED: 224 min ago
    $75,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial-Lease
    County:

    School Ratings & Info

    Description

    Kitsch'n On Roscoe, Inc. dba Kitsch'n On Roscoe An established business that recently celebrated its 20th Anniversary in Chicago's Roscoe Village neighborhood Corporate Structure - S Corp. Liquor License & Corporation in good standing with local, state, federal (no strikes) Local, state, and federal taxes current. Occupancy for 134 with 1500 square feet of indoor street-level space, plus seating in a sidewalk cafe, and backyard beer garden (with a fully retractable awning), and an additional approximate 1000 square feet in basement including storage, walk-in cooler, walk-in freezer, mechanical, metro shelving, liquor cage, ice machine, and office area Save Time & Money: No need for architectural plan approval, going through complicated and lengthy building permit application process, hiring contractors, new liquor license application process, or task force inspections (sanitation, plumbing, HVAC, electric, fire, building) as the business is fully licensed and currently operational Loading zone via permit Large front windows slide open to street or are removable for open-air front dining room/bar counter The proposed sale includes all Furniture, Fixtures, and Equipment (fully furnished dining rooms and kitchen), and signage Leased equipment includes ice machine, Coca-Cola guns, and ice bins Business to be sold clean from any liens or debt obligations General lease terms: Current market lease with first right of refusal. TBD with the landlord. A 5-year initial term with up to two 5-year options. Approximately $5,107.67/monthly rent (% of property taxes, % of building water bill, % annual increases in rent) negotiable Sale pending landlord approval and a new lease, Buyer would assume ownership of the business and operate immediately (file Change Of Officers with city) Current and Past Awards & Accolades (existing business): "Best Brunch in Chicago - A Hood by Hood Guide" - Thrillist Chicago 2014 $40 a Day with Rachael Ray, Chicago - The Food Network (Our Favorite!) Featured on "Chicago's Best - Breakfast" - 2012 WGN/CLTV The Food Network - Top 5, Delicious Duos - The Food Network Best Of, Top Ten Fun Food Factories - The Travel Channel Winner - Best of Chicago, Best "Morning After" Brunch Spot - Editorial Winner - Best Brunch, Best of Citysearch - Winner - Best of Chicago, 1st Place: Comfort Food - Neighborhood Dining in Chicago - Bon Appetite Magazine (April 2004 Issue) "The Ultimate Comfort Food Destination", Check, Please! - PBS WTTW11 TV Winner Best Brunch, Chicago's Choice Awards Poll - Chicago Tribune Roscoe Village's "Dining Hotspot" - Chicago Social Magazine "Chicago's Best Waitstaff", Best of Chicago Reader's Poll - New City Magazine "Chicago's Best Hangover Breakfast" - New City Magazine "Best Place To Eat With Family" - New City Magazine 5-Time Winner, Jack Daniel's Chicago Chili Cook-Off (continued on next page) Other notes: - Located at the heart of Chicago's vibrant Roscoe Village neighborhood with a highly visible location right at the intersection of Roscoe Street & Damen Avenue - The business has fostered a vibrant following with area residents, families, singles, music, TV/ film and art industry, as a city-wide destination, and out of town visitors - A known Brunch location for over 20 years with weekend high-traffic - Involvement with neighborhood groups, a founding member of the local chamber, area schools, and not for profit organizations - Location is just a mile and a half from Wrigley Field, and enjoys easy access to public transportation (Damen, Belmont, and Addison Buses and Addison and Paulina Brown Line El Train Stops) - Parking is metered in front and one block west. Free parking within a half block in 3 directions on all north-south streets including Seeley, Damen, and east of the Damen intersection on Roscoe Street

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2020-09-22T23:50:42.793 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    2005 Roscoe Street Chicago, IL 60618

    • Price: $75,000
    • Status: Active
    • Updated: 224 min ago
    • MLS #: 10635708
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Chi - North Center
    County:
    Cook
    Area:
    Chi - North Center
    Property Description
    Kitsch'n On Roscoe, Inc. dba Kitsch'n On Roscoe An established business that recently celebrated its 20th Anniversary in Chicago's Roscoe Village neighborhood Corporate Structure - S Corp. Liquor License & Corporation in good standing with local, state, federal (no strikes) Local, state, and federal taxes current. Occupancy for 134 with 1500 square feet of indoor street-level space, plus seating in a sidewalk cafe, and backyard beer garden (with a fully retractable awning), and an additional approximate 1000 square feet in basement including storage, walk-in cooler, walk-in freezer, mechanical, metro shelving, liquor cage, ice machine, and office area Save Time & Money: No need for architectural plan approval, going through complicated and lengthy building permit application process, hiring contractors, new liquor license application process, or task force inspections (sanitation, plumbing, HVAC, electric, fire, building) as the business is fully licensed and currently operational Loading zone via permit Large front windows slide open to street or are removable for open-air front dining room/bar counter The proposed sale includes all Furniture, Fixtures, and Equipment (fully furnished dining rooms and kitchen), and signage Leased equipment includes ice machine, Coca-Cola guns, and ice bins Business to be sold clean from any liens or debt obligations General lease terms: Current market lease with first right of refusal. TBD with the landlord. A 5-year initial term with up to two 5-year options. Approximately $5,107.67/monthly rent (% of property taxes, % of building water bill, % annual increases in rent) negotiable Sale pending landlord approval and a new lease, Buyer would assume ownership of the business and operate immediately (file Change Of Officers with city) Current and Past Awards & Accolades (existing business): "Best Brunch in Chicago - A Hood by Hood Guide" - Thrillist Chicago 2014 $40 a Day with Rachael Ray, Chicago - The Food Network (Our Favorite!) Featured on "Chicago's Best - Breakfast" - 2012 WGN/CLTV The Food Network - Top 5, Delicious Duos - The Food Network Best Of, Top Ten Fun Food Factories - The Travel Channel Winner - Best of Chicago, Best "Morning After" Brunch Spot - Editorial Winner - Best Brunch, Best of Citysearch - Winner - Best of Chicago, 1st Place: Comfort Food - Neighborhood Dining in Chicago - Bon Appetite Magazine (April 2004 Issue) "The Ultimate Comfort Food Destination", Check, Please! - PBS WTTW11 TV Winner Best Brunch, Chicago's Choice Awards Poll - Chicago Tribune Roscoe Village's "Dining Hotspot" - Chicago Social Magazine "Chicago's Best Waitstaff", Best of Chicago Reader's Poll - New City Magazine "Chicago's Best Hangover Breakfast" - New City Magazine "Best Place To Eat With Family" - New City Magazine 5-Time Winner, Jack Daniel's Chicago Chili Cook-Off (continued on next page) Other notes: - Located at the heart of Chicago's vibrant Roscoe Village neighborhood with a highly visible location right at the intersection of Roscoe Street & Damen Avenue - The business has fostered a vibrant following with area residents, families, singles, music, TV/ film and art industry, as a city-wide destination, and out of town visitors - A known Brunch location for over 20 years with weekend high-traffic - Involvement with neighborhood groups, a founding member of the local chamber, area schools, and not for profit organizations - Location is just a mile and a half from Wrigley Field, and enjoys easy access to public transportation (Damen, Belmont, and Addison Buses and Addison and Paulina Brown Line El Train Stops) - Parking is metered in front and one block west. Free parking within a half block in 3 directions on all north-south streets including Seeley, Damen, and east of the Damen intersection on Roscoe Street
    Exterior Features

    Approx Land Sq Footage 1500 Number Of Parking Spaces 0

    Interior Features

    Air Conditioning Central Air Number Of Stories 1

    Property Features

    Adj Net Inc Expense Source Broker Projection Adjusted Net Income 999 Ann Rnt Expense Source Broker Projection Annual Rent For Real Estate 999 Business Age 11+ Years Business Name Kitsch'n Business Type Restaurant Corporate Limits Chicago Cost Of Goods Expense Source Broker Projection Cost Of Goods Sold 999 Cost Of Goods Year 2019 Estimated Cam SF 0 Gross Payroll 999 Gross Payroll Expense Source Broker Projection Gross Payroll Year 2019 Gross Profit 999 Gross Profit Expense Source Broker Projection Gross Profit Year 2019 Gross Sales Ann Expense Source Broker Projection Gross Sales Ann Year 2019 Gross Sales Annual 999 Heat Ventilation Gas Inventory 999 Inventory Expense Source Broker Projection Inventory Year 2019 Known Encumbrances None Known Lease Type Net Monthly Rental Price 5100 Net Operating Income Year 2019 Net Profit 999 Net Profit Source Broker Projection Possession Closing Property Offered For Rent Only Real Estate Included YN No Rental Price 40.8 Tax Year 2018 Taxes 999 Tenant Pays Air ConditioningElectricHeatInsuranceRepairs And MaintenanceWater/SewerCooking Gas Total Op Exp Year 2019 Total Op Expense Source Broker Projection Total Operating Expenses 999 Type Of Lease Gross Lease

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of @Properties.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2020-09-22T23:50:42.793 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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