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$ 880,000
Est. payment | /mo
3,700 SqFt
$ 880,000
Est. payment | /mo
3,700 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 3,700 sqft
Price per Sqft $237
MLS Listing ID 12441094
Year Built 2014
Annual Tax Amount $31,398
Tax Year 2023
Lot Dimensions 100x140
Property Sub-Type Retail/Stores
Property Description
(Part of a 3 property portfolio) Net-leased investment property for sale featuring the successful S2 Express Grill, known for its culinary excellence and vibrant presence in the Chicagoland area. Operating 11 flourishing restaurants. A net-leased investment offers virtually no landlord responsibility, providing an attractive prospect for investors. The lease, initiated on April 1, 2024, includes a 10% rental increase on April 1, 2029, with a 10-year renewal option featuring a 10% bump upon renewal and an additional 10% increase on 4/1/2039. Founded in 2019 by Andre and Suheir Williams, S2 Express Grill has established itself as an extension of the popular S2 Ultra Bar in Calumet Park, IL, reflecting a dynamic and successful culinary journey.
Location
State IL
County Cook
Area Maywood
Zoning RTAIL
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
Level or Stories 1
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Listed by Adam Haleem • Network Property Managment LLC
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Alan Berlow
REALTOR | Lic# 475125930