Retail•Free Standing Building•For Sale

9827 Leland Ave, Schiller Park, Illinois 60176

Sale Price $1,500,000
Sale Type Owner User
Zoning I-1
Year Built 1992
Year Renovated 2018
Stories 1
Gross Bldg 14,284 SqFt
Land Area .88 Acres
THIS IS A CONFIDENTIAL SALE, SO PLEASE DO NOT DISTURB THE TENANT. The exact address of the property will be provided upon completion of a Confidentiality Agreement. Opportunity to purchase this recently remodeled 14,284 sf banquet/catering facility in the heart of the O'Hare market. This prime retail property is surrounded by small industrial, commercial, retail and residential properties. The sale price of $1,500,000 is for the building only, but a buyer can purchase both the building and the business (which includes all FF&E, including kitchen equipment) for $1,900,000. The 2018 remodel included: new drywall, paint, upgrade to LED light fixtures and new flooring in both ballrooms; and new walls, sinks, counters, tile floors, lights, and stalls in bathrooms. A new roof was installed in November 2017 with a 10-year warranty. The property is located just minutes from Donald E. Stephens Convention Center, Allstate Arena, Rosemont Theatre, Rosemont Entertainment District, MB Financial Park, the Fashion Outlets of Chicago and a wide variety of hotels, and is perfectly positioned to take advantage of the opportunity to host/cater the numerous corporate functions, holiday parties, bridal/baby showers, weddings, baptisms, cotillions, anniversaries, and other events that take place in the area. The property includes: - A 4.002 SF Front Banquet Hall that has a dedicated entrance, large skylights, and seating for 100 + 30 on the attached enclosed patio. - A 5,200 SF Back (Grand) Ballroom with its own entry/reception hall, bridal room, and 4 washrooms (2 mens + 2 womens), and seating for 250+. -A 5,082 Kitchen. The kitchen is situated between the 2 ballrooms, and it is capable of supporting banquets and outside catering assignments simultaneously. A dock provides access to the kitchen area for deliveries/loading. The property is located in Schiller Park.
  • Located in the heart of the O'Hare market
  • Recently remodeled
  • Surrounded by numerous businesses, convention centers, hotels and other venues that require banquet and catering services
  • Large kitchen area
  • New roof installed in November 2017 with transferable warranty
  • PIN# - 12-16-213-017-0000
2/19/2020 4:02:52 PM 3/30/2020 7:13:23 PM

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