List Price: $849,000 | $849,000 per sq.ft. Commercial
Space type Food Service,Free Standing Building,Other Listed Monday Jun 14, 2021 | MLS# 4866774


Located on high traffic Rt. 11 in Alton, this property is now offered for sale as a turn key restaurant. The main floor seats 95 guests, including the bar. There is a second floor function room that seats 46, and an owner's apartment with three bedrooms on the third floor. This is a great opportunity for a chef/restauranteur, or for an expansion location of a current restaurant. The second floor was remodeled to accommodate more seating and the third floor was remodeled for the occupancy of the owners/chef housing. Extensive renovation and many updates have been done to the building, including a brand new fully equipped kitchen, power upgrades, HVAC, septic upgrades and internal flow remodeling. The Lakes Region consists of 30 communities with the population of approximately 112,000 people. Nearly 30% of all homes are seasonal. There is a substantial increase in the population during the summer season. An average visitor spends at least $85.00 per day. Great opportunity to own your own restaurant in the Lakes Region.
Building Type : Hospitality | Investment | Opportunity | Other | Retail

Misc : Inventory Included | Living Space Available | Showers

Sale Includes : Inventory | Land/Building

Income
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 1920
Wood Frame | Stucco Exterior
Price Per SQ.FT. 849000.00 No. of Units: 0
Building Size : 1
Building Type: Hospitality | Investment | Opportunity | Other | Retail

ExteriorRoof: Shingle - Asphalt

InteriorBasement: Unfinished

Land Information

Lot size: 2.2 acres
Zoned: LR
Surveyed: Unk
Road Frontage: 271
Garage And Parking: Driveway
Road Frontage: 271
No. of Docks | 0.

UtilitiesHeating: Forced Air | Oil
Cooling: Central AC
Utilities: Telephone At Site
AC % | 0.



Taxes $6,825
Assesed Value Not Reported
Schools

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