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TURN KEY LAUNDROMAT AND REAL ESTATE FOR SALE - $385,000 (WHEELING, ILLINOIS)
49 NORTH WOLF ROAD near DUNDEE ROAD
condition:
good
make / manufacturer:
ZONED: MIX USE
model name / number:
COMMERCIAL STREET EXPOSURE
size / dimensions:
200' X 75'
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LAUNDROMAT ESTABLISHED IN THE EARLY 1970'S. UPSTAIRS THREE(3) BEDROOM APARTMENT; PRESENTLY OCCUPIED BY A LONG-TERM TENANT ($1050.00/MONTH) AND THE ADJACENT PAVED PARKING LOT INCLUDED IN SALE. ALL AVAILABLE AS A SINGLE PARCEL FOR $385,000.00. MULTIPLE LOCAL REAL-ESTATE BROKERS HAVE SUGGESTED LISTING THE PARCEL AND BUSINESS FOR $399,000.00.
STAINLESS STEEL DEXTER EQUIPMENT, TANKLESS HOT WATER SYSTEM, COMPLETELY UPGRADED L.E.D. LIGHTING THROUGHOUT: INCLUDING INTERIOR AND EXTERIOR LIGHTING AND SIGNAGE.
ADDITIONAL COMMERCIAL SPACE AVAILABLE FOR LAUNDROMAT EXPANSION OR OTHER COMMERCIAL USE; WITH ALL ELECTRIC, PLUMBING AND DRAINAGE INFRASTRUCTURE ALREADY INSTALLED. REAR PRIVATE, ATTACHED GARAGE WITH NEW OVERHEAD DOOR.
MULTIPLE INCOME SOURCES INCLUDING LAUNDROMAT SALES, UPSTAIRS APARTMENT, ADJACENT STRIP MALL DRIVEWAY ACCESS ($310.00/MONTH) AND MULTIPLE RENTED OUTDOOR PARKING SPACES ($80.00/MONTH). THIS PROPERTY IS THE ONLY COMMERCIAL PROPERTY WITHIN BLOCKS WITH ADEQUATE, EXTRA, PRIVATE, OFF STREET PARKING COMPLETELY UNDER OWNER CONTROL.
LAUNDROMAT IS PRESENTLY "BREAKING EVEN". UTILITIES: GAS - $210.00/MONTH, ELECTRIC - $140.00/MONTH, WATER - $275.00/MONTH AND DAILY CLEANING AND CLOSING IS $300.00 EVERY FOUR WEEKS. THE MONTHLY UTILITY COSTS ARE AVERAGED ESTIMATES BASED ON PRIOR BILLING COSTS.
WOLF ROAD HAS JUST UNDERWENT A MAJOR, I.D.O.T. REHABILITATION WITH ROAD REPLACEMENT AND WIDENING, NEW SIDEWALKS, CURBS, DRIVEWAY ENTRIES AND PARKWAY SODDING WITH UPGRADED STREET SEWARS AND PROPERTY DRAINAGE. THIS IS A BEAUTIFUL, ESTHETIC PROPERTY IMPROVEMENT.
FEEL FREE TO STOP BY AND TAKE A LOOK. LOCATED AT 49 NORTH WOLF ROAD, WHEELING, ILLINOIS 60090, WHICH IS JUST NORTH OF DUNDEE ROAD AND WOLF ROAD. ALWAYS BUSY ON WEEKENDS, ESPECIALLY SUNDAY AFTERNOONS. IF THE INTEREST IS GENUINE, GIVE ME A CALL AND WE CAN TALK FURTHER. PLEASE DON'T CALL PRIOR TO INSPECTING THE PROPERTY OR CALL TO OFFER "LOW-BALL" OFFERS, WITHOUT EVEN SEEING THE PROPERTY. THIS IS AN EXCELLENT OPPORTUNITY FOR A "HANDS ON", HARD WORKING INDIVIDUAL.
PLEASE.... NO "TIRE KICKERS", "WINDOW SHOPPERS" OR UNDERFUNDED PARTIES. PROOF OF CONFIRMED FUNDS REQUIRED FOR SERIOUS CONSIDERATION AS A BUYER. SELLER IS NOT OFFERING FINANCING!!!!!! RECENTLY CONSULTED WITH A COMMERCIAL, REAL-ESTATE BROKER THAT WANTS TO LIST THE PROPERTY AT $399,000.00 AND THAT ONLY ENCOMPASSES THE PHYSICAL REAL-ESTATE AND DOES NOT INCLUDE THE LAUNDROMAT BUSINESS, OR EQUIPMENT, SO THE PRESENT SELLING PRICE IS OF $385,000.00 REPRESENTS A GREAT VALUE FOR AN INVESTOR.
THE OWNER IS PRESENTLY UNDERTAKING A "MILD" EQUIPMENT AND ESTHETIC IMPROVEMENT CAMPAIGN TO TAKE ADVANTAGE OF THE EXCELLENT NEIGHBORHOOD DEMOGRAPHICS; AS OTHER LOCAL LAUNDROMATS HAVE CEASED TO EXIST AND CLOSED, THUS MINIMIZING COMPETITION.