Contact us: 563.441.1776
Description
A rare opportunity to acquire a substantial banquet hall offering nearly 20,000 square feet of building space, three banquet rooms, and capacity for up to 300 guests. Currently operating as a banquet hall, this property is designed to accommodate weddings, receptions, private celebrations, corporate functions, and a variety of special events. The venue features 11 bathrooms and approximately 170 on-site parking spaces, providing convenience for guests and event attendees. With three banquet rooms, the property offers versatility for hosting different types of gatherings and celebrations. Conveniently located near La Grange, La Grange Park, Hodgkins, Lyons, and Brookfield, the property serves surrounding communities and nearby commercial areas. Easy access to I-55 provides convenient connectivity to Chicago and the surrounding suburbs. With its substantial building size, multiple banquet rooms, generous guest capacity, and extensive parking, this established banquet hall presents an excellent opportunity for banquet operators, hospitality businesses, and event venue owners seeking a spacious facility in a convenient suburban location.
Property Highlights
Property Type: Commercial - Investment
Building Description: 1.0 stories
Lot Size: 1.69 acres
General Information
County: Cook
Listed By:
Ellsbury Group LLC
219-200-5133
MRED MLS
MLS ID: 12785740
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Please Call For Address, Mc Cook, IL 60525.
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $2,950,000 | $2,950,000 | $2,950,000 |
| Down Payment | $103,250 | $0 | $590,000 |
| Monthly Mortgage Amount | $19,271 | $20,302 | $16,300 |
| Taxes | $4105 | $4105 | $4105 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $1,771 | $0 | $0 |
| Monthly Estimated Total | $26,007 | $25,267 | $21,265 |
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