50 N Barrington

50 N Barrington 2017-12-06T15:32:47+00:00

Project Description

Streamwood, IL

Former Sportsbar with Gaming

REAL ESTATE AUCTION

FORMER 6,200 SF SPORTSBAR WITH GAMING

BIDDING OPENS DECEMBER 15

6,200 SF ON 2 PRIME ACRES

Located on Barrington Rd with daily traffic count of 55,000+/-

Building and Land Proformas Include:

– Value of building lease revenue $93,000 to $112,000
– Value of ground lease dependent on use
– Value for sports bar and gaming

Total Proforma Range $1.5 To $2.2 Million
All Bids Over $900,000 Considered

OPPORTUNITY

DRES offerings provide motivated sellers and qualified buyers who have an opportunity to name their price in exchange for a timely closing. Quality neighbors include: Super Target • Marshall’s • Yankee Candle • Wendy’s • Chili’s • Panera Bread • Chase Bank • CVS Pharmacy • T Mobile • Bank of America • Steak ‘n Shake • Starbucks Coffee

IMPORTANT AGENDA

Interested bidders should immediately request a Bidders Information Package by calling 708-361-2437. All bidders will have an opportunity to meet with or call a representative to discuss the property, review due diligence items, and ask questions. Please keep in mind there are no financing contingencies in the contract, so please be sure to line up financing to meet closing requirements. Closings can occur within 45 days of the sale, however, a quick close which provides for a closing within 14 days offers an additional discount incentive to the buyer.

Cashiers check of $15,000 made out to Diliberto Real Estate Services Escrow is required to bid. The winning bidder shall increase earnest money to 7% of total purchase price within 5 days of seller acceptance.