1401 Riverside Drive

    Mchenry, IL 60050
    • $631,000
    • STATUS: Active Under Contract
    • ON SITE: 179 days
    • MLS #: 10313845
    Under Contract
    $631,000
    • 0
      BEDS
    • .25-.49 Acre
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,700
      SQFT
    • $73
      $/SQFT

    School Ratings & Info

    Description

    The Town Club bar & 13 residential units situated in one of McHenry's most historic properties is available for sale. The city's first Courthouse and historical marker (not landmarked, however) is steps to the Fox River and all that downtown McHenry has to offer. The make-up includes a mix of Studio & 1BR units in the residential portion, along with a large parking lot, garage & additional land for future development or yard space. All units are currently occupied and new upgrades include a newer boiler & updated electric. THE BAR INCLUDES A FULL LIQUOR LICENSE & RARELY COMBINED WITH A FULL GAMING LICENSE BRINGING IN ADDITIONAL INCOME. 16 private parking spaces on site plus tons of free street parking in front. Property being sold AS-IS WHERE-IS.

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2019-09-15T23:49:57.587 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.bnrealty.com/homes/92860629

    1401 Riverside Drive Mchenry, IL 60050

    • Price: $631,000
    • Status: Active Under Contract
    • MLS #: 10313845
    0
    Beds
    0
    Baths
    0
    ½ Baths
    .25-.49 Acre
    Acres
    8,700
    SQFT
    $73
    $/SQFT
    Neighborhood:
    Holiday Hills / Johnsburg / Mchenry / Lakemoor / Mccullom La
    County:
    McHenry
    Area:
    Holiday Hills / Johnsburg / Mchenry / Lakemoor / Mccullom La
    Property Description
    The Town Club bar & 13 residential units situated in one of McHenry's most historic properties is available for sale. The city's first Courthouse and historical marker (not landmarked, however) is steps to the Fox River and all that downtown McHenry has to offer. The make-up includes a mix of Studio & 1BR units in the residential portion, along with a large parking lot, garage & additional land for future development or yard space. All units are currently occupied and new upgrades include a newer boiler & updated electric. THE BAR INCLUDES A FULL LIQUOR LICENSE & RARELY COMBINED WITH A FULL GAMING LICENSE BRINGING IN ADDITIONAL INCOME. 16 private parking spaces on site plus tons of free street parking in front. Property being sold AS-IS WHERE-IS.
    Exterior Features

    Approx Land Sq Footage 1200 Construction Wood Frame Lot Dimensions 172X135X200X65X25X67 Lot Sq Ft 17558 Number Of Parking Spaces 16

    Interior Features

    Air Conditioning None Number Of Stories 2 Outdoor Parking 13-18 Spaces

    Property Features

    Adj Net Inc Expense Source Broker Projection Adjusted Net Income 0 Ann Rnt Expense Source Broker Projection Annual Rent For Real Estate 0 Business Age 11+ Years Business Name Town Club Business Type Bar/Lounge/Nite Club Contingency Flag Attorney/Inspection Cost Of Goods Expense Source Broker Projection Cost Of Goods Sold 0 Cost Of Goods Year 2018 Gross Payroll 0 Gross Payroll Expense Source Broker Projection Gross Payroll Year 2018 Gross Profit 0 Gross Profit Expense Source Broker Projection Gross Profit Year 2018 Gross Sales Ann Expense Source Broker Projection Gross Sales Ann Year 2018 Gross Sales Annual 0 Heat Ventilation Hot WaterRadiators Inventory 0 Inventory Expense Source Broker Projection Inventory Year 2018 Known Encumbrances None Known Net Operating Income Year 2018 Net Profit 0 Net Profit Source Broker Projection Possession Closing Property Offered For Sale Only Real Estate Included YN Yes Tax Year 2017 Taxes 16806 Tenant Pays OtherVaries By Tenant Total Op Exp Year 2018 Total Op Expense Source Broker Projection Total Operating Expenses 0 Type Of Lease None Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Sperry Van Ness.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2019-09-15T23:49:57.587 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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