Skip To Content

999 N Confidential Street

Schiller Park, IL 60176
  • $3,800,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 12038821
UPDATED: 91 min ago
$3,800,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
County:

School Ratings & Info

Description

Price is for property, building and thriving Business with all equipment and fully booked events. Opportunity to purchase this recently remodeled 14,284 sf banquet/catering facility in the heart of the O'Hare market. This prime property is surrounded by small industrial, commercial, retail and residential properties. The offer price of $3,800,000. includes business (which includes all furniture, fixtures every item needed to operate and facilitate many different decors for any different occasion and fully equipped commercial kitchen with several walk-in coolers). Owner has contracts for banquets through 2024 and into 2025 and is willing to stay and train new operator for a short time. There are two full separate banquet rooms with large kitchen facility in between easily able to serve both elegant rooms. Larger room accommodates 200 - 220 people depending on the type of party. Large private party up to 200 comfortable or 220 with a shared party environment which of recent has been most popular and profitable plus 100 to 120 in the smaller room. Owner will disclose excellent income streams with parties booked through the year every weekend and more. The new remodel included: new drywall, paint, upgrade to LED light fixtures new marble dance floors and new flooring and lighting in both ballrooms. Larger room is facilitated by 4 separate washrooms smaller room 2 new baths. Private brides' rooms and office area. New walls, sinks, counters, tile floors, lights, and stalls in bathrooms. This property has been completely remodeled. A new roof was installed in November 2017 with a 10-year warranty. 63 parking spaces plus access to additional allowed parking across the street. The property is located just minutes from Donald E. Stephens Convention Center, Allstate Arena, Rosemont Theatre, Rosemont Entertainment District, MB Financial Park, the Fashion Outlets of Chicago and a wide variety of hotels and is perfectly positioned to take advantage of the opportunity to host/cater the numerous corporate functions, holiday parties, bridal/baby showers, weddings, baptisms, cotillions, anniversaries, and other events that take place throughout the year.

Monthly Payment Calculator



© 2024 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 Leila Keene | Baird & Warner. Based on information submitted to the MRED as of 2024-05-17T20:02:13.463 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
www.chicagocityliving.com/homes/149883939
Print Image

999 N Confidential Street Schiller Park, IL 60176

  • Price: $3,800,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 91 min ago
  • MLS #: 12038821
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Schiller Park
County:
Cook
Area:
Schiller Park
Property Description
Price is for property, building and thriving Business with all equipment and fully booked events. Opportunity to purchase this recently remodeled 14,284 sf banquet/catering facility in the heart of the O'Hare market. This prime property is surrounded by small industrial, commercial, retail and residential properties. The offer price of $3,800,000. includes business (which includes all furniture, fixtures every item needed to operate and facilitate many different decors for any different occasion and fully equipped commercial kitchen with several walk-in coolers). Owner has contracts for banquets through 2024 and into 2025 and is willing to stay and train new operator for a short time. There are two full separate banquet rooms with large kitchen facility in between easily able to serve both elegant rooms. Larger room accommodates 200 - 220 people depending on the type of party. Large private party up to 200 comfortable or 220 with a shared party environment which of recent has been most popular and profitable plus 100 to 120 in the smaller room. Owner will disclose excellent income streams with parties booked through the year every weekend and more. The new remodel included: new drywall, paint, upgrade to LED light fixtures new marble dance floors and new flooring and lighting in both ballrooms. Larger room is facilitated by 4 separate washrooms smaller room 2 new baths. Private brides' rooms and office area. New walls, sinks, counters, tile floors, lights, and stalls in bathrooms. This property has been completely remodeled. A new roof was installed in November 2017 with a 10-year warranty. 63 parking spaces plus access to additional allowed parking across the street. The property is located just minutes from Donald E. Stephens Convention Center, Allstate Arena, Rosemont Theatre, Rosemont Entertainment District, MB Financial Park, the Fashion Outlets of Chicago and a wide variety of hotels and is perfectly positioned to take advantage of the opportunity to host/cater the numerous corporate functions, holiday parties, bridal/baby showers, weddings, baptisms, cotillions, anniversaries, and other events that take place throughout the year.
Exterior Features

Lot Size 8.0-9.99 Acres Outdoor Parking 51-100 Spaces Roof Rubber

Interior Features

Cooling Central Air Heat Ventilation Central Bldg Heat Miscellaneous Inside Public Restroom/s

Property Features

Additional Parcels YN No Adjusted Net Income 0 Adjusted Net Income Year 2023 Annual Rent For Real Estate 0 Building Area Total 14284 Business Age 11+ Years Business Type Bar/Tavern/LoungeFood & BeverageRestaurantService/Misc.Other Current Use Commercial Electric Other Gross Profit Year 2023 Gross Sales Annual 2500000 Gross Sales Annual Year 2023 Location CornerMixed Use AreaFree Standing/Urban Mls Actual Status Active Operating Expense 0 Ownership Type Corporation Possible Use CommercialIndustrialLiquor LicenseOther Property Offered For Sale Only Real Estate Included Yes Sale Price Includes LandBuildingBusinessEquipmentCustomer ListOwner Will Train Tax Annual Amount 129988 Tax Year 2022 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceTaxesInsuranceRepairsRoofScavengerStructureSewer Type Bus / Bus w/Real Est Type Of Lease None Zoning INDUS

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Compass: 312-319-1168.


© 2024 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 Leila Keene | Baird & Warner. Based on information submitted to the MRED as of 2024-05-17T20:02:13.463 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
 
https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12038821-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12038821-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12038821-1.jpg
Logo
Leila Keene | Baird & Warner
2526 N Lincoln Ave
Chicago IL, 60642