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201 S State Street Lockport, IL 60441 Commercial - Investment Active

  • 201 S State Street, Lockport, IL 60441 Main Photo

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Description

TURNKEY BUSINESS OPPORTUNITY IN LOCKPORT - REAL ESTATE NOT INCLUDED. Fully built-out hookah and cigar lounge offering around 2,500 SF of interior space plus an over 1,300 SF private outdoor patio. The remodeled interior features multiple lounge and seating areas, distinctive illuminated wall finishes, built-in humidor, tobacco and cigar retail/display area, prep area, office, specialized smoke-filtration systems, furniture, fixtures and equipment. Significant build-out is already in place, giving a new owner the opportunity to take over a completed lounge setup rather than starting from an empty commercial shell. Architectural plans indicate an occupant load of approximately 85 people; buyer should independently verify current permitted occupancy and all applicable requirements. Existing hookah/tobacco license is transferable. Business and specified assets offered at $175,000. Real estate is not included.

Property Highlights

Property Type: Commercial - Investment
Building Description: 1.0 stories
Lot Size: 229.57 acres

General Information

County: Will
Listed By:
KOMAR 847-737-5037
MRED MLS
$175,000
Est. $1,264/mo
Active
SQUARE FEET2,500 MLS#12755331
STATUSActive PROPERTY TYPECommercial - Investment

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Ruhl&Ruhl Realtors
563.441.1776

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201 S State Street, Lockport, IL 60441.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $175,000$175,000$175,000
Down Payment $35,000$6,125$43,750
Monthly Mortgage Amount $920$1,114$1,125
Taxes $244$244$244
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$77$0
Monthly Estimated Total $1,264$1,535$1,469

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