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    700 Gregory Street

    Urbana, IL 61801
    • $150,000
    • STATUS: Active
    • ON SITE: 50 days
    • MLS #: 10664995
    UPDATED: 82 min ago
    $150,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial-Lease
    County:
    Area:

    School Ratings & Info

    Description

    A very attractive and established restaurant on the East side of the U/I Campus. Located in the very popular Gregory Place surrounded by many other retail establishments. Selling the equipment and assets of the company. Currently a BBQ Chicken Franchise. List of equipment and copy of lease attached. Great opportunity to convert to your theme and not go through the hasssle of a new build-out. Call Dan for an Appointment. Pre-qualified showings only.

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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 O'Neil Property Group, LLC. Based on information submitted to the MRED as of 2020-09-24T23:51:20.633 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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    www.oneilpropertygroup.com/homes/108563126
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    700 Gregory Street Urbana, IL 61801

    • Price: $150,000
    • Status: Active
    • Updated: 82 min ago
    • MLS #: 10664995
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Urbana
    County:
    Champaign
    Area:
    Urbana
    Property Description
    A very attractive and established restaurant on the East side of the U/I Campus. Located in the very popular Gregory Place surrounded by many other retail establishments. Selling the equipment and assets of the company. Currently a BBQ Chicken Franchise. List of equipment and copy of lease attached. Great opportunity to convert to your theme and not go through the hasssle of a new build-out. Call Dan for an Appointment. Pre-qualified showings only.
    Exterior Features

    Approx Land Sq Footage 1723 Number Of Parking Spaces 60

    Interior Features

    Air Conditioning Central Air Indoor Parking 31-50 Spaces Number Of Stories 1 Outdoor Parking 31-50 Spaces

    Property Features

    Adj Net Inc Expense Source Owner Projection Adjusted Net Income 2000 Ann Rnt Expense Source Owner Projection Annual Rent For Real Estate 30000 Business Age Unknown Business Type Restaurant Corporate Limits Champaign Cost Of Goods Expense Source Owner Projection Cost Of Goods Sold 62000 Cost Of Goods Year 2019 Estimated Cam SF 4.75 Gross Payroll 75500 Gross Payroll Expense Source Owner Projection Gross Payroll Year 2019 Gross Profit 42000 Gross Profit Expense Source Owner Projection Gross Profit Year 2019 Gross Sales Ann Expense Source Actual Gross Sales Ann Year 2019 Gross Sales Annual 400000 Heat Ventilation Ceiling UnitsGas Inventory 155000 Inventory Expense Source Owner Projection Inventory Year 2019 Known Encumbrances None Known Lease Type Net Monthly Rental Price 2500 Net Operating Income Year 2019 Net Profit 30000 Net Profit Source Actual Possession Closing Property Offered For Rent Only Real Estate Included YN No Rental Price 22 Tax Year 2018 Taxes 20959 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatReal Property TaxesInsurance Total Op Exp Year 2019 Total Op Expense Source Owner Projection Total Operating Expenses 318000 Type Of Lease Net Lease

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Keller Williams-Trec.


    © 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 O'Neil Property Group, LLC. Based on information submitted to the MRED as of 2020-09-24T23:51:20.633 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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    O'Neil Property Group, LLC
    135 E. Van Emmon St.
    Yorkville IL, 60560