 Business for sale classifieds
| 12,000 Sq Ft Real Estate with Night Club Tenant! REDUCED! - $549,000 |  | The building was an old bank
Now transformed into a Night Club
Estimate 12,000 Square Feet
Night Clubs business in place
Real Estate For Sale
Night Club Tenant has 5 year lease with 5 year option for
$5200 per month for the first 5 years & $6200 per month for the next 5 years
That is $312,000 income for the first 5 years & $372,000 for the next 5 years. ($684,000 income for the next 10 years)
The price for the Real Estate is $549,000 (which would mean in an estimate of 7 years the tenant will pay you back all your money you invested in this Real Estate transaction!)
(No owner financing) At this price I am looking to cash out only.
I am confident if I had it on the market for $699,000 or $749,000 I would sell it.
It would take a year but it would sell.
It is drastically reduced for a quick sale.
The Basement is used for offices and storage
The First & Second Level is used for the Night Club
The Third Level has 3 separate condos.
(The manager has one condo, but I may rent out the other 2 for $750 each, which would be $1500 more per month income)
The Building is in a Downtown District with 6 other Night Clubs/ Bars on the same block.
Our club being the Biggest and nicest.
The Night Club business is not for sale or included in this transaction. The Real Estate is the only thing for sale!
Reason for selling: I have way to many projects on my plate in NY, Vegas ETC and I am a bit over extended and need to free up come cash.
Address: 14 E 3rd Street Sterling, Illinois
Owners name and # Brian 702 468 8628 brianspeedzone@aol.com
Managers name and # (Also for showing) Eric 713 855 8220
| | 8.28.2009 // Ncicorp // Sterling E-mail | #783 Miscellaneous. Business for sale classifieds.
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