Freestanding Building At The Corner Of Mannheim Rd (Route 45) & Armitage Ave
Melrose Park, IL
Asking Price: $725,000
Gross Sales: $(Asset Sale)
Net Operating Income: $(Asset Sale)
Monthly Rent: $(Property Included).
Lease Expiration: (Property Included).
Options: (Property Included).
Year Established: 1986.
Owner Operated: No
Seller Financing: No
Food Type: Bar/Pub/Tavern/Lounge, Beef/Burgers/Gyros/Hot Dog Joint, Grill, Liquor License, Pizza Place, Video Gaming
Service Type: Full Service
Business Type: Independent
Sale Type: Asset Sale With Property

Description:

Incredible opportunity to purchase a fully-equipped grill and bar featuring a fast food/pizza place up front and a sports bar in the back.

Simple operation - counter and bar service. Serving Chicago-style pizza along with hot dogs, burgers, Italian beef & sausage, gyros, subs, sandwiches, pitas, wraps, pasta and more.

Cool interior with exposed ceilings and ductwork, concrete floors and exposed brick.

Bar includes many bottle coolers, 6 large screen tv’s, pool table, ATM, sound system and more.

Dining room includes roll up garage doors for indoor/outdoor dining.

Kitchen includes 2 exhaust hoods, 2 pizza deck ovens, dough mixer & sheeter, 6-burner stove w/oven, char-grill, flat top, 2 fryers, 2 soup warmers, pizza prep table, 3-door sandwich prep unit, walk-in cooler, single door freezer, ice machine, POS system and much more.

Ample seating in both the bar and dining area with bar seating, high-top tables and low tables.

Also, has a couple of storage rooms and a private office.

Completely remodeled in 2021! And video gaming has been approved by the city, just waiting on gaming machines to arrive.

Keep the current concept or make it your own!

Feel free to stop by the location first. This is a highly confidential listing. If interested, contact EatZ for more information. Showings by appointment only.

Business Website: http://masalathegrill.com/
County: Cook
Location:

Prime retail space in a freestanding building on 1/3 acre at the highly trafficked corner of Mannheim Rd (Route 45) & Armitage Ave in Melrose Park.

Perfectly situated across a large industrial park. And adjacent to a large shopping center anchored by TJMaxx, Tony’s Fresh Market and Burlington. Also surrounded by a dense commercial area and a vast residential area of homes!

Real Estate: Owned
Facilities:

Property Information: Freestanding building built in 1961. New roof in 2015. New 10-ton A/C unit in 2016. Addition added in 2016. Completely remodeled in 2021 (current owner put about $180,000 into the building). Parking for 25 vehicles. Approx 1/3 Acre. Real estate taxes $41,582. Square Feet: 4,286. Seating: 94 (44 Restaurant + 50 Bar). Days/Hrs of Operation: Su-Th 11a-10p & Fr-Sa 11a-2a.

Value of FF&E: Included In Asking Price (Valued at $100,000).
Value of Inventory: Not Included In Asking Price
Competition:

The perfect combination of delicious food and cold drinks. Great place for lunch, dinner, to watch all the games or just hang out.

Ideal location. Boasts great signage, visibility and access. At a busy signalized intersection. Tons of vehicle traffic.

Growth and Expansion:

Turnkey. Popular with the industrial park and surrounding businesses employees. The area’s “go to” place!

Seller Financing Available: No.
Reason For Selling: Focusing on other business.