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$ 350,000
Est. payment | /mo
$ 350,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12413730
Tax Year 2023
Lot Dimensions COMMON
Property Sub-Type Bus / Bus w/Real Est
Property Description
This could be a package deal as for sale are two locations. French cafe/Maison Parisienne at 2564 N Clark St, Chicago, IL 60614 at $350,000 and French cafe/Maison Parisienne at 901 W Armitage Ave, Chicago at $1,000,000. If purchased together, the combined asking price is $1,250,000. Given that the two locations are operational, please do not engage the employees with questions. Yes, you can stop by and take a look but please, again, do not engage the employees with comments and/or questions. The income of the 2 locations is as follows: 2564 N Clark St * Monthly Gr Revenue: $48,000-$50,000 (~600,000 annually) * Efficient operations, consistent traffic, profitable with growth potential * Also fully turnkey, with trained team in place 901 W Armitage Ave * Monthly Gr Revenue: $150,000-$160,000 (~1,860,000 annually)* High-traffic location, fully staffed and turnkey-ready * Established systems, strong customer base, great lease terms The leases for both locations can be negotiated. The landlord is easy going and it is the same landlord for both locations. The current lease can be assigned or new lease signed. The square footage at 2564 N Calrk is ~1,650 + ~750 = ~2,400 (2564 Clark has two combined commercial spaces hence the breakdown). The square footage at 901 Armitage is ~2,800. The monthly rents are broken down as follows: 2564 N Clark: Base Rent $6,200 + R/E Tax $415 + Insurance $55 + Water $45 = $6,715. 901 Armitage: Base Rent $14,226 + R/E Tax $995 + Insurance $395 + Water $40 = $15,656. Additionally, the following items would be separately negotiated: 1. Inventory at cost 2. Equipment (valued at fair market rates) 3. Lease-related reimbursements (e.g., security deposits, assignment fees) 4. Brand assets & IP (name, logo, website, packaging, social media accounts) 5. CRM & Loyalty Program Data (email lists, customer rewards system) 6. Post-sale transition support & training (2-4 weeks, flat or hourly rate)
Location
State IL
County Cook
Area Chi - Lincoln Park
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Bus / Bus w/Real Est
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Listed by Martin Kalachev of @properties Christie's International Real Estate
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