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DESPERADOCANTINA820 WEST JACKSON BLVDCHICAGO, IL 60607
Scott ReinishSenior [email protected]
SVN | Chicago Commercial | 940 West Adams Street, Suite 200, Chicago, IL 60607 SALE BROCHURE
DESPERADO CANTINA | 820 WEST JACKSON BLVD, CHICAGO, IL 60607 SVN | Chicago Commercial | Page 2
SSALE HIGHLIGHTSALE HIGHLIGHTS
• Newly renovated Timber Loft style bar/restaurant available in the
West Loop with two bars, 14 TV's and an occupancy of 153
• All MEP's either recently improved, replaced or added, new
windows and original brick and timber restored
• Huge/new center bar with seating for 25 bar stools and 48 tap
lines
• Large basement for storage and a huge office
• Long term/tenant friendly lease in place
• Asset sale only
Property Name: Desperado Cantina
Property Address: 820 W. Jackson, Chicago, IL 60607
Property Type: Retail
Gross Leasable Area: 4,741 SF
Zoning: DS-3
Asset Sale Price: $99,000
PROPERPROPERTTY OY OVERVERVIEWVIEW
Newly renovated bar/restaurant available in the West Loop with two bars and an occupancy of 153. AllMEP's either improved, replaced or added along with brand new windows. Restored brick and timber loftspace with a new/huge center bar with seating for 25 bar stools and 48 tap lines along with 4 lines forwine. Two walk-in coolers, one for food and the other a new keg cooler. Equipped with fourteen TV's anda large basement and office. Long term/tenant friendly lease in place. Ideal site for any bar or restaurantre-concept.
LLOCOCAATION OTION OVERVERVIEWVIEW
The West Loop of Chicago is one of the hottest neighborhoods in the country. Still somewhat industrialand gritty, the area has seen an explosion of new office, retail and restaurants along with numerous newresidential developments. In addition, the chic retail boutiques, art galleries as well as design and antiquestores give the area it's creative edginess. Also home to the infamous "Greek Town" section of the cityfeaturing the finest in Greek dining that the city has to offer.
Property Details & Highlights
ASSET SALE SUMMARY LISTING BROKER - SCOTT REINISH NOT CONFIDENTIAL BUT PLEASE DON’T DISTURB STAFF AND EMPLOYEES
BUSINESS TYPE Bar/Restaurant
BUSINESS TRADE NAME Desperado Cantina
BUSINESS AD-DRESS
820 W Jackson, Chicago, IL 60607
BUSINESS SALE PRICE $99,000
REAL ESTATE IN-CLUDED? No
STOCK OR ASSET SALE? Asset Sale Only
BUSINESS LICESNSE(S) Incidental Liquor and Retail Food
BUSINESS SIZE 4,741 SF
LEASE TYPE Net
LEASE TERM 10 yr term through 12/31/2024
LEASE OPTIONS Two 5 yr options
BASE RENT$7,902/mt fixed through 12/31/2019
LEASE ESCALA-TIONS $8,692/mt fixed from 1/1/20-12/31/2024
PROPERTY TAXES Approx. $1,067/mt
SECURITY DEPOSIT Ask Broker
LEGAL OCCUPANCY 153
AREA / NEIGHBOR-HOOD West Loop
ACUTAL ZONING DS-3
PARKING1 spot designated for ownership and parking lot for 16 available
after 6:00 pm. Parking lot is not for exclusive use.
Disclaimer : The information listed above has been obtained from sources we believe to be reliable; however, we accept no responsibility for its correctness. All references to age and size are approximate.
ELECTRICAL SER-VICE Ask Broker
TYPE OF BASE-MENT
1,815 SF Partial/Unfinished.Plenty of room for storage with a large office
FF&E INCLUDED?FF&E: Asset List to be provided
CONFIDENTIALITY Do not disturb employees or management.
Disclaimer : The information listed above has been obtained from sources we believe to be reliable; however, we accept no responsibility for its correctness. All references to age and size are approximate.
DESPERADO CANTINA | 820 WEST JACKSON BLVD, CHICAGO, IL 60607 SVN | Chicago Commercial | Page 5
Additional Photos
DESPERADO CANTINA | 820 WEST JACKSON BLVD, CHICAGO, IL 60607 SVN | Chicago Commercial | Page 6
Floor Plans
Location Maps
DESPERADO CANTINA | 820 WEST JACKSON BLVD, CHICAGO, IL 60607 SVN | Chicago Commercial | Page 7
DESPERADO CANTINA | 820 WEST JACKSON BLVD, CHICAGO, IL 60607 SVN | Chicago Commercial | Page 8
POPULAPOPULATIONTION 00.5 MILES.5 MILES 1 MILE1 MILE 1.5 MILES1.5 MILES
Total population 9,915 33,243 81,222
Median age 31.9 31.8 32.0
Median age (male) 32.3 32.2 32.2
Median age (Female) 32.4 31.9 32.1
HOUSEHOLDS & INCHOUSEHOLDS & INCOMEOME 00.5 MILES.5 MILES 1 MILE1 MILE 1.5 MILES1.5 MILES
Total households 5,606 17,749 42,135
# of persons per HH 1.8 1.9 1.9
Average HH income $109,671 $108,543 $105,162
Average house value $419,496 $472,630 $434,435
* Demographic data derived from 2010 US Census
Demographics Map
