8734 S Stony Island AVE Chicago, IL 60617

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 4,300 sqft

Price per Sqft $216

MLS Listing ID 12441105

Year Built 1984

Annual Tax Amount $45,336

Tax Year 2023

Lot Dimensions 125 X 132

Property Sub-Type Retail/Stores

Property Description

(Part of a 3-property portfolio that can be sold together or separately) Net-leased investment property for sale featuring the successful S2 Express Grill, known for its culinary excellence and vibrant presence in the Chicagoland area. Operating 11 flourishing restaurants. A net-leased investment offers virtually no landlord responsibility, providing an attractive prospect for investors. The lease, initiated on January 1, 2020, includes a 10% rental increase on June 1, 2028, with a 10-year renewal option featuring a 10% bump upon renewal and an additional 10% increase on 6/1/2038. Founded in 2019 by Andre and Suheir Williams, S2 Express Grill has established itself as an extension of the popular S2 Ultra Bar in Calumet Park, IL, reflecting a dynamic and successful culinary journey.

Location

State IL

County Cook

Area Chi - Calumet Heights

Zoning RTAIL

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Retail/Stores

Listed by Adam Haleem • Network Property Managment LLC

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106