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$40,000
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Property Description
Well-received on various online platforms, Korean restaurant with extensive takeout/delivery orders. Initially planned as a takeout/delivery spot but its popularity forced the owner to designate 5 table/16 seat area to serve dine-in patrons. Only open for 7.5 hours, 6 days a week to ensure quality to foster overall popularity of this establishment. Surrounded by ample residential subdivisions and businesses. Nestled in busy Harvest Plaza, just a quarter mile north of Elgin-O'Hare (IL 390) with 125+ parking spaces. Competitive net lease terms and encouraging plaza owner. Kitchen boasts walk-in cooler. Kitchen essentials and the restaurant interior updated at the end of 2021/beginning of 2022. Will supply beloved recipes used and provide training for anyone to capitalize on present popularity of Korean food. Adjustments can be made to maximize return for industrious owner of this business-only listing. Base rent is $13.13/sf; total rent/taxes/CAM is $1,838.23/month.
Full Property Details
Full Property Details for 913 W Wise Rd
General
- Sold For: $40,000
- Taxes: $6,769 (2021)
- Status: Closed
- Type: Business
- Source: MRED
- MLS ID: 11828466
- Added to Site: 997 day(s) ago
Business
- Name: KAI MOM'S K-FOOD TO GO
- Business Type: Food & Beverage, Restaurant
- Years in Business: 1 to 3 Yea
Parking
- Total Spaces: 125
Location
- Area: Schaumburg
- County: Cook
- Driving Directions: Located in Harvest Plaza, SW corner of Wise Rd and Wright Blvd
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Structural Information
- Stories/Levels: 1
- Square Feet: 10,000
Lot Features
- Lot Size (Sq. Ft.): 140,000
- Lot Dimensions: 460 x 309 x 446 x 308
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $38,193
- Tax Amount: $6,769.08
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Scavenger, Sewer, Gas
Listed and Sold by Elite Illinois, Inc
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Schools
Schools serving 913 W Wise Rd
School Districts:Schaumburg Community Consolidated School District 54, Township High School District 211
| Name | Grades | Distance |
|---|---|---|
Edwin Aldrin Elementary School 617 Boxwood Drive, Schaumburg, IL 60193 | PK-6 | 0.7 mi |
Robert Frost Junior High School 320 West Wise Road, Schaumburg, IL 60193 | 7-8 | 0.7 mi |
Schaumburg High School 1100 West Schaumburg Road, Schaumburg, IL 60194 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 913 W Wise Rd
Date
Details
Price
Change
Source
12/01/2023
Sold
$40,000
-33.33%
MLS
10/16/2023
Price Reduced
$60,000
-50%
MLS
8/18/2023
Price Reduced
$120,000
-29.41%
MLS
7/11/2023
Listed
$170,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
913 W Wise Road, Schaumburg, IL 60193 (MLS# 11828466) is a Business property that was sold at $40,000 on December 01, 2023. Want to learn more about 913 W Wise Road? Do you have questions about finding other Business real estate for sale in Schaumburg? You can browse all Schaumburg real estate or contact a Coldwell Banker agent to request more information.

