5549 Belmont AveChicago, IL 60641

  • Retail space
  • 7,500 SF
For Sale
$500,000 View listing

Property Details for 5549 Belmont Ave

Year built
1928
Lot size
0.10 AC
Property size (Sq ft)
7,500 SF
Property type
Retail space
APN
13-28-100-046
APU
1328100046

Description

This exceptional opportunity presents a fee-simple ownership of a well-established restaurant and banquet facility located at 5549 W Belmont Ave in Chicago, Illinois. The 4,068 square foot building, situated on a 7,500-square-foot lot, boasts a rich history, having been renovated in 1928 and operating as a successful business for many years. The property features two dining rooms, two bars, and two dance floors, along with an updated banquet facility, making it ideal for a variety of events. The building is zoned B1-2 and offers ample off-street public parking. All trade fixtures and inventory are included in the sale price of $500,000 ($122.91/sq ft). The current owner will provide training to new buyers, ensuring a smooth transition. Showings are by appointment only, and prospective buyers are asked to avoid disturbing employees during operating hours. A 3D tour is available online. This turnkey operation presents a unique opportunity for an owner/user to acquire a thriving business in a prime Chicago location. The single-story building is in Cook County, IL, zip code 60641.

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9383
Longitude
-87.7659
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$21,688
$19,845
$72,579
$92,424
-
$79,380
$290,316
$369,696

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