48 E Joliet St. Schererville

Retail-Commercial for Sale
Catylist Listing ID: 30024934
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 7,038 SF
Sale Price: $895,000
Unit Price: $127.17 PSF
Property Use Type: Business
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 6/19/2017

Overview / Comments

Two story stone and wood sided. Wood paneled tavern with a separate dining room. The Schererville Lounge is a local Institution with a many loyal patrons and great name recognition.

The Schererville Lounge, building and business, with FF&E and 3-way Liquor license.

Located in the Downtown Schererville corridor. Proximal to Schererville Police Station and Town Administration Building. Access on Joliet Street.

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $3,083 (Annual)
Tax Value Land $25,400
Tax Value Improvements $142,300
Assessed Value - Total($) $167,700 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $3,536 (Annual)
Tax Value Land $25,400
Tax Value Improvements $161,000
Assessed Value - Total($) $186,400 (Annual)

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Lake
Submarket/Township: St John
Tax ID/APN: 45-11-15-105-022.000-036
Total Number of Buildings: 1
Number of Stories: 2
Water Service: Municipal
Sewer Type: Municipal
Legal Description: SCHERERVILLE W. 37 1/2 FT. L.15 BL.21

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,832 63,240 183,102
Median Age: 43.78 41.19 39.9
Households: 2,813 24,314 69,744

Source

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