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listing
1 of 31
Business OpportunityFor Sale
$1,300,000
9827 Leland Avenue
Schiller Park, IL 60176
Courtesy of Compass
MLS: Midwest Real Estate Data
14,284Sq Ft
Est. Mortgage
$6,810/mo

Price is for property and building alone. Business with all equipment and fully booked events available at additional price. Opportunity to purchase this recently remodeled 14,284 sf banquet/catering facility in the heart of the O'Hare market. This prime property is surrounded by small industrial, commercial, retail and residential properties. The offer price of $1,300,000 is for the building and property. Business is available, (which includes all furniture, fixtures and kitchen equipment). Owner has contracts for banquets through 2021 and way into 2022 and is willing to stay and train new operator for a short time. The 2018 remodel included: new drywall, paint, upgrade to LED light fixtures new lighted dance floor and new flooring in both ballrooms; and new walls, sinks, counters, tile floors, lights, and stalls in bathrooms. A new roof was installed in November 2017 with a 10-year warranty. The property is located just minutes from Donald E. Stephens Convention Center, Allstate Arena, Rosemont Theatre, Rosemont Entertainment District, MB Financial Park, the Fashion Outlets of Chicago and a wide variety of hotels, and is perfectly positioned to take advantage of the opportunity to host/cater the numerous corporate functions, holiday parties, bridal/baby showers, weddings, baptisms, cotillions, anniversaries, and other events that take place in the area. The property includes: - A 4.002 SF Front Banquet Hall that has a dedicated entrance, large skylights, and seating for 100 + 30 on the attached enclosed patio. - A 5,200 SF Back (Grand) Ballroom with its own entry/reception hall, bridal room, and 4 washrooms (2 mens + 2 womens), and seating for 250+. -A 5,082 Kitchen. The kitchen is situated between the 2 ballrooms, and it is capable of supporting banquets and outside catering assignments simultaneously. A dock provides access to the kitchen area for deliveries/loading. This property was completely remodeled 2018-2019. Business did not resume till July of 2019 so income numbers are based on 1/2 of the year. Projected gross sales for 2020 was over $700,000. with signed contracts in hand. Majority of those contracts have been moved into 2021 so new owner will take over with banquets already planned. If buyer is interested in business? If not owner will completely remove all business fixtures including kitchen facility, exhaust hoods freezers etc. Vacant 14000 plus square foot building with 12' ceilings loading dock area and parking. Taxes are paid and appeal in process.

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