$995,000

7,562

square ft

935 Sheridan Road

Winthrop Harbor, Illinois 60096

Closed / MLS #11479651 / Commercial / Mixed Use / Winthrop Harbor

Listing information updated 8/6/2022 at 5:23pm

SUCCESSFUL TURN KEY BUSINESS ON HIGH TRAFFIC ROAD WITH 4 Apartments Upstairs and Gaming Machines!! Unique Boat Shaped Bar area with 2 Bonus Rooms for Private Parties, plus 2 Decks with Seating, and Dining Room (Seating for 155 Inside plus the Two Patios for Additional Seating). Two Kitchens - one dedicated just for Pizza's, and the Other can accommodate a Full Menu. Bar Seating and Pub Tables in Lounge Area, and Dining Room with Tables & Chairs has a unique Open Atmosphere if Desired or Close Off for Privacy. Owner has had this business for over 20 years! The "Other Place" is well known Chicago style pizza and well known for the specials such as the Double Decker Pizzas, Friday night fish fry, Saturday night Rib dinners as well as burgers, gyros and wraps. We also currently have our own in house delivery service. The business was profitable through the pandemic. The gambling machines have been a bonus for the business, Gaming information for Lighthouse is available through Additional Information Tab. The apartments above the restaurant consist of 1 Two Bedroom Unit, 1 One Bedroom Unit, 2 Studios. Great Tenants, and rents are below market value. Renovations in 2010 included the Bar area with added coolers, upgraded Electric, Wall between Bar & Dining Rm, Acoustic Foam for Sound Proofing, and Closed Off Kitchen. In 2011/12 they added the Pizza Kitchen (vented through the Fireplace), and a Brand New Roof! In 2019/2020 They installed all new Flooring, updated the Bathrooms, Added Granite Counter Tops in Dining area, and a Complete Remodel on one of the Apartments. Winthrop Harbor is Approved for Cannabis License and is a Great Location to Own this Business ~ located in-between Milwaukee and Chicago and about 1 mile from the Shores of Lake Michigan where Winthrop Harbor is home to the Largest Fresh Water Marina on the Great Lakes! Lots of Boaters!! Area for a Band or DJ! Plus 78 Parking Spaces!! Must See to Appreciate.

Full Features

Built:

1920

Parking Spaces:

Cooling System:

Central Air

Stories:

Zoning:

RTAIL

Building Square Feet:

7,562

Taxes & Assessments

Tax Amount:

$19,204

Tax Year:

2020

Location

Zip Code:

60096

City:

Winthrop Harbor

County:

Lake

Built:

1920

Parking Spaces:

Cooling System:

Central Air

Stories:

Zoning:

RTAIL

Building Square Feet:

7,562

Tax Amount:

$19,204

Tax Year:

2020

Zip Code:

60096

City:

Winthrop Harbor

County:

Lake

Listing Office: RE/MAX Showcase

Listing Office Phone: 847.596.6100

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