About 3362 North Narragansett Avenue
Great opportunity to grab this rarely available well kept mixed use building in Dunning at $110/sqft. The deal includes a full and operating bar called B G's Lounge and includes a 2 a.m. license, fixtures, LLC and assumable leases for lotto, arcades and jukebox. They have a space already dedicated to adding slot machines but will leave it up to the next owner when it passes in Chicago. The building is a true mixed use with three leased apartment units ((2) 2 bedroom, 1 bath & (1) 1 bedroom, 1 bath) with separate meters for electricity and the landlord paying heat and water. The roof was changed around 2010, windows are vinyl, and the tuckpointing redone. The building is over 5,800 sq/ft plus a lower level party room that is being used for storage, a sub basement that is used for utilities and a backyard that is great for tenants or expanding outdoor seating for the bar. The property taxes are low and will stay low due to the mixed use classification. The new owner could operate the bar or rent it out to another party. There is angle parking along the building on Roscoe for customers and tenants with the option to add a garage in the back. Contact us for more information and showings are limited to pre qualified buyers with proof of funds. The bar pays $4,000/month in rent and the new owner can enjoy this cash only business and modernize, keep it the same or lease it out. Commercial loan required with 25% down payment, referral available.
Features of 3362 North Narragansett Avenue
|3362 North Narragansett Avenue
|CHI - Dunning
|Central Air, Window Unit(s)
|Days on Market
|RE / Bank Owned