Description
5352 N Broadway, Chicago, IL is a 4,445 square-foot, two-story building that sits on a 3,125 SF site and is positioned along the vibrant, transit-oriented, Broadway corridor. The building is comprised of the restaurant, located on the first floor, the basement, and a portion of the second floor, while the second floor features a two (2) bedroom two (2) bath residential unit. The residential unit has a separate HVAC system and in-unit laundry. The restaurant portion of the Property contains a table-side service restaurant operating under Pearl's brand and features an 81-seat dining room, a prepcompliant 1,056 square foot basement, and a second-floor rooftop patio with a full-service bar and seating for 36 guests. Also, the property benefits from the extra wide sidewalks along Broadway. Pearl's has operated at this location for approximately seven years following a near-ground-up construction (2014/2015) of the subject property. Current licenses include an Outdoor Patio, Incidental Liquor, and Retail Food. The real estate portion of the offering is priced at $950,000 with the business assets offered at $195,000. This opportunity is an ideal candidate for an SBA 504loan as the portion of the building dedicated to restaurant operations exceeds 50% of the building's total square footage. The Pearl's brand, name and recipies are excluded.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
5352 N Broadway, Chicago, IL is a 4,445 square-foot, two-story building that sits on a 3,125 SF site and is positioned along the vibrant, transit-oriented, Broadway corridor. The building is comprised of the restaurant, located on the first floor, the basement, and a portion of the second floor, while the second floor features a two (2) bedroom two (2) bath residential unit. The residential unit has a separate HVAC system and in-unit laundry. The restaurant portion of the Property contains a table-side service restaurant operating under Pearl's brand and features an 81-seat dining room, a prepcompliant 1,056 square foot basement, and a second-floor rooftop patio with a full-service bar and seating for 36 guests. Also, the property benefits from the extra wide sidewalks along Broadway. Pearl's has operated at this location for approximately seven years following a near-ground-up construction (2014/2015) of the subject property. Current licenses include an Outdoor Patio, Incidental Liquor, and Retail Food. The real estate portion of the offering is priced at $950,000 with the business assets offered at $195,000. This opportunity is an ideal candidate for an SBA 504loan as the portion of the building dedicated to restaurant operations exceeds 50% of the building's total square footage. The Pearl's brand, name and recipies are excluded.
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