Lizard’s Liquid Lounge - Image 4
New
Bar Lounge
4 photos

About this Property

EXECUTIVE SUMMARY

Lizard’s Liquid Lounge high grossing, iconic brand has been in

business for the last 18 years. The corporately held, transferable

Tavern license was originally issued 61 years ago in 1965. There

are approximately 1,500 square feet on the first floor with an

additional 780 square feet in the basement for storage. The

first-floor ceiling height is 11 feet with a bar-top that is 45 linear

feet long. A large keg room is located on the first floor with

a glycol refrigeration system that delivers ice-cold beer to 8

tap handles. A 5-year gross lease starting at $5,500 per month

with three 5-year options. Proof of funds is required prior to

scheduling a showing. Co-Op commission is 3%.

Learn more about Lizard’s Liquid Lounge at:

www.lizardsliquidlounge.com

DO NOT DISTURB THE BUSINESS AND ITS EMPLOYEES.

INVESTMENT HIGHLIGHTS

– Lizard’s Liquid Lounge high grossing, iconic brand has been in business for the last 18

years. www.lizardsliquidlounge.com

– The corporately held, transferable Tavern license was originally issued 61 years ago in

– There are approximately 1,500 square feet on the first floor with an additional 780 square

feet in the basement for storage.

– The first-floor ceiling height is 11 feet with a bar-top that is 45 linear feet long.

– A large keg room is located on the first floor with a glycol refrigeration system that

delivers ice-cold beer to 8 tap handles.

– A 5-year gross lease starting at $5,500 per month with three 5-year options.

– Proof of funds is required prior to scheduling a showing.

– Do not disturb the business and its employees.

– Co-Op commission: 3%

LEASE ABSTRACT

Commencement Date: To Be Deterrmined Posession Date

Lease Expiration Date: 5 years from Possession Date

Lease Type: GROSS

Gross Leasable Area: 1,500 SF

Current Base Rent: $5,500/monthly

Additional Options Term: Three 5-year Renewal Option Periods

Escalations: 2.5% annual escalations, including all Renewal Option Periods

RE Taxes: Landlord is responsible for annual real estate tax bill

Utilities: Tenant is responsible for electric and gas used. Landlord is responsible

for the water bill.

Scavenger – Tenant is responsible for supplying refuse disposal for their Premises

Security Deposit: $11,000

Documents

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Bar LoungeBusiness Sale

Lizard’s Liquid Lounge

3058 W Irving Park Rd, Chicago, IL 60618, USA
Size
1,500 sq ft
1 view
Sale Price$299,000
Current Rent$5,500/mo
CuisineTavern
  • Bar Area

Listing Agents

P
Paulina Klis

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