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About This Home

This 0-bedroom, 0-bathroom commercial at 5319 W Belmont Avenue in Chicago, IL is listed for $1,100,000. on a 0.14 acres lot.

Agent Description

This premium investment opportunity presents a turnkey banquet hall, including the underlying real estate. Spanning 5,300 square feet, the property has undergone an extensive renovation down to the studs to offer a refined, modern aesthetic throughout.

The building infrastructure is entirely updated with all-new HVAC units, a brand-new flat roof, and upgraded electrical and plumbing systems. Designed for maximum versatility, the space is a staple for private parties and community events alike. The intelligent layout can be divided to accommodate two separate parties simultaneously, with both the front and rear sections of the venue featuring their own private wet bars.

Guests will appreciate the contemporary styling, five flat-screen televisions, and elegantly designed facilities, including a dedicated employee bathroom, a four-stall women's restroom, and a two-stall men's restroom with all-new fixtures. While the venue is currently a sought-after destination for weekend rentals, significant upside potential exists to maximize profit.

A new owner could expand operations by booking weekday events or utilizing the high-capacity commercial kitchen as a restaurant or "ghost kitchen" during non-event hours. The kitchen is fully prepared for high-volume operations, featuring a walk-in cooler, walk-in freezer, commercial stove, grill, deep fryer, and exhaust fan.

Additional assets include a heating table, dishwasher, and a complete inventory of china, tableware, and server ware. The venue is move-in ready with 25 tables and approximately 130 chairs. Conveniently located, the property offers five private parking spaces at the rear with an abundance of public parking directly in front. With ongoing bookings already on the calendar, this is an exceptional chance to acquire a fully modernized facility designed for immediate and scalable success.

Key Features

  • 0.14 acre lot

Property Details

1 story

Amenities

A/C

Monthly Cost Estimate

$5,883/mo

20% down · 6.5% · 30 years

Principal$796
Interest$4,767
Insurance$321

Estimates only. Actual payments may vary.

Location

5319 W Belmont Avenue

Chicago, IL 60641

Property Details

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 5319 W Belmont Avenue is listed at $1,100,000. The estimated monthly payment is $4,767 based on 20% down at 6.5% interest.

Key features include: 0.14 acre lot.

This property is listed by Jessica Mueller and can be reached at (773) 745-1000 or jessicamuellerre@gmail.com.

JM

Jessica Mueller

Agent at Chicagoland Brokers Inc.

(773) 745-1000

Listed by Chicagoland Brokers Inc.

MLS# 12632431· Source: listhub· Updated 34 days ago

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5319 W Belmont Avenue, Chicago, IL 60641

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