Bank-ordered liquidation of a former gourmet restaurant. Formerly known as Casa di Luigi, this restaurant is only 7 years old and has a total of 8,764 sq ft above ground plus an additional 1,300 sq ft in the basement. The main level features 7,564 sq ft, a two-way fireplace, beautiful bar-area with seating, dining area, and a moveable interior wall for banquet seating. The upper level features 1,200 sq ft of private quarters, which would be an ideal space for offices, and there is also a full basement with 2 bathrooms. The building also features 4-zoned HVAC and a sprinkler system. This large 1 acre site has excellent visibility from Hwy 41 and features a paved parking lot with 42 stalls and a large pylon sign. The Furniture, Fixtures & Equipment used in this gourmet restaurant are not included in the list price but may be purchased along with the building for an additional $150,000 - Seller requires 14 days to obtain the UCC Release. LIST PRICE IS $1,200,000 W/ AN OPENING BID OF $650,000 IF NO OFFER RECEIVED PRIOR TO AUCTION ON 5/18/13. Advanced Glance. Seller will disclose Reserve. Call for details. "Buyer's Fee" equal to 2% or $2,000, whichever is greater to be added to high bid to determine final sale price. Nonrefundable EM of 5% of the sellers reserve due from high bidder on day of auction/offer. Cash closing, no contingencies. Offers are subject to Sellerâ??s approval. Property is bank owned and is being sold "as-is, where-is. See Bidders Packet for additional disclosures and details. Directions: Hwy 41 to exit west onto W Prospect Ave/Cty BB to left onto American Dr to left onto Shady Ln to property on the left.
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