999999 Confidential Drive, Itasca, IL, 60143

999999 Confidential Drive Itasca, IL 60143

Itasca
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,400,000
Last Verified:
Mar 27, 2024

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Highlights

  • This restaurant is a well established local staple. It has been family run for more than 35 years, with a proven track record of success. The original owner is retiring. This is a turn-key business with a transferable liquor license. The restaurant has a full service bar, a fully equipped kitchen, furnished dining room, outdoor patio seating as well as gaming machines. The village is redeveloping the entire downtown retail district which will bring additional appreciative value to the property. Located in a TIF district, there is availability for funds to improve the Building.

Description

Owner would consider leasing the building to the right operator.

A small yet quaint community slated for a major downtown redevelopment program.


Year Built: 1989
Building Size: 2375sq ft
Building Class: C
Lot Size: 0.19 acres

Map of 999999 Confidential Drive, Itasca, IL, 60143

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.