5319 W Belmont Avenue, Chicago, IL 60641

$1,300,000
  • 5319 W Belmont Avenue, Chicago, IL 60641 Main Photo

38 Total Photos [Click to View All]

Active
SQUARE FEET5,300 MLS#12566239
STATUSActive PROPERTY TYPECommercial - Investment

Property Description

This premium investment opportunity presents a turnkey banquet hall/restaurant. Spanning 5,300 square feet, the property has undergone an extensive renovation down to the studs to offer a refined, modern aesthetic throughout. The building infrastructure is entirely updated with all-new HVAC units, a brand-new flat roof, and upgraded electrical and plumbing systems. Designed for maximum versatility, the space is a staple for private parties and community events alike. The intelligent layout can be divided to accommodate two separate parties simultaneously, with both the front and rear sections of the venue featuring their own private wet bars. Guests will appreciate the contemporary styling, five flat-screen televisions, and elegantly designed facilities, including a dedicated employee bathroom, a four-stall women's restroom, and a two-stall men's restroom with all-new fixtures. While the venue is currently a sought-after destination for weekend rentals, significant upside potential exists to maximize profit. A new owner could expand operations by booking weekday events or utilizing the high-capacity commercial kitchen as a restaurant or ghost kitchen during non-event hours. The kitchen is fully prepared for high-volume operations, featuring a walk-in cooler, walk-in freezer, commercial stove, grill, deep fryer, and exhaust fan. Additional assets include a heating table, dishwasher, and a complete inventory of china, tableware, and server ware. The venue is move-in ready with 25 tables and approximately 130 chairs. Conveniently located, the property offers five private parking spaces at the rear with an abundance of public parking directly in front. With ongoing bookings already on the calendar, this is an exceptional chance to acquire a fully modernized facility designed for immediate and scalable success.

5319 W Belmont Avenue | MLS# 12566239

This commercial property located at 5319 W Belmont Avenue, Chicago, IL 60641 is currently listed for sale with an asking price of $1,300,000. Search Chicago real estate on www.gogambino.com today.

Property Features

Property Type: Commercial - Investment
Cooling: Central Air
Lot Size: 0.14 Acres
Stories: 1.0
Taxes: $17,962

Feature Descriptions

HVAC: Forced Air
Lot Dimensions: 51x132
Parcel#: 13281040120000
Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat

Listed By / Shown By

Listed By

Agency Name: Chicagoland Brokers Inc.
Agency Phone: 773-745-1000

Shown By

Agency Title: Gambino Realtors
Agency Phone: 815-282-2222

IDX logo

Login to My Homefinder

Pixel