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135 OLD MCHENRY RD Long Grove IL 60047-9632

[Locked] • APN 1530100012

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Details
Property Type Retail
Sub Type Bar, Restaurant
Building SqFt 8,500
Lot SqFt 21,314
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code B1
Year Built 1847
Building Count 2
Opportunity Zone No
Sale NOI ******
Sale Cap Rate ******
Mortgage Amount ******
Mortgage Term ******

Property History

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Property Type
Property Type
Retail
Property Subtype
Bar, Restaurant
Asking Details
Asking Cap Rate
******
Marketing Description

Proud to present the Village Tavern for sale for the first time since 1960!

Legacy property with Established business and value-add opportunity, in a great location. This historic property and business has the longest continuously held liquor license in the state of Illinois. When you enter the restaurant, you will understand why it has been successful for so long and become such an iconic place to meet in the north suburbs of Chicago. The detail and decor is truly one of a kind! From the 35’ mahogany bar rescued from the original McCormick Place, to the custom Grandfather clock from the 1893 Columbian Exposition in Chicago, you will never find another gem like this. This is a once in a generation opportunity.

The current owners have had this business since 1960 and have had great success over the years.

CASH FLOWING IN-PLACE.

All of the equipment and furniture is included in the listing price.

Major cap Ex improvements have been made year after year to continually update and maintain the property including:

New Windows 2021, New LED lighting throughout the entire property, New Boiler 2021, New drain tile, New Sump pump, New city water supply, New Beer Cooler with glycol system, and Roof and Siding 2011. Expansive Commercial kitchen is fully furnished and the equipment is less than 10 years old and in great condition.

** FINANCIALS ARE AVAILABLE UPON REQUEST.

This business is still operating successfully, so please DO NOT interrupt the business by touring without approval, or contacting the staff.

Tours are only on Tuesdays and must be scheduled with the listing broker.

Investment Highlights

Legacy property with Established business and value-add opportunity, in a great location. This historic property and business has the longest continuously held liquor license in the state of Illinois. When you enter the restaurant, you will understand why it has been successful for so long and become such an iconic place to meet in the north suburbs of Chicago. The detail and decor is truly one of a kind! From the 35’ mahogany bar rescued from the original McCormick Place, to the custom Grandfather clock from the 1893 Columbian Exposition in Chicago, you will never find another gem like this. This is a once in a generation opportunity.

The current owners have had this business since 1960 and have had great success over the years.

All of the equipment and furniture is included in the listing price.

Major cap Ex improvements have been made year after year to continually update and maintain the property including:

New Windows 2021, New LED lighting throughout the entire property, New Boiler 2021, New drain tile, New Sump pump, New city water supply, New Beer Cooler with glycol system, and Roof and Siding 2011. Expansive Commercial kitchen is fully furnished and the equipment is less than 10 years old and in great condition.

ADDITIONAL HIGHLIGHTS -

-BEER GARDEN

-LIVE MUSIC VENUE WITH STAGE

-HUGE PRIVATE PARKING LOT

-APARTMENT UPSTAIRS

-2ND BAR AND BANQUET ROOM IN LOWER LEVEL

-RESIDENTIAL APARTMENT ON 2ND FLOOR

Sale Date
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Sold Price
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Buyer Borrower 1 Corp Indicator
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Buyer Borrower 1 Name
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Buyer Borrower 1 Ownership Rights Code
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Mortgage Recording Date
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Mortgage Maturity Date
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Mortgage Term
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Document Number
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Document Type
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Mortgage Interest Rate
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Mortgage Loan Type
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Mortgage Lender Name
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Loan Amount
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Mortgage Document Date
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Mortgage Document Number
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Resale Flag
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Sales Price Code
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Seller 1 Corp Indicator
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Transaction Type
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Mortgage Loan Trans Type
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Seller 1 Name
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Transfer Tax
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Sold By
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Sold To
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Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Sold on
 BY:
SD
Sean Dailey PRO
•••.•••.0942
sean@•••••••••••.com
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