11609 Detroit Rd, Cleveland, OH 44102

$ 350,000

Restaurant8,133 ft²
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Iconic Music Venue

Property Info
Status:Active
Price:$ 350,000
Type:Restaurant
Size:8,133 ft²
Features
  • Sale or Lease Seller Financing AVAILABLE
  • License D1 Beer, D2 Wine,D3 Liquor, D3a 2:30am & D6 Sunday Funday
  • Main Bar Area 1238 Sft,Wine Bar Area w/Stage 1238
  • Music Hall 1656 Sft
  • Full Basement 4000 Sft
Remarks

DISCRETION REQUIRED DO NOT APPROACH
EMPLOYEES DIRECT ALL QUESTIONS TO BROKER!

Finance terms:
$350k price(incl Inventory)
$150k Down
$200k note @ 8.5%, 3 yr Balloon, 20 Yr Amortization, 
$1750 per mo NO Payment for 1 yr
$6000 Flat rent 1 yr, 2nd yr $7500 nnn, 3+ Market nnn
***Price based on assets, base sales and Value Add..***
Property for sale $1.450,000 2 large studio Apartments. Possible 3rd Aprtment. 
fully equipped kitchen 10-12 ft hood
Music Hall fully equipped with professional sound equipment & large video screen for any kind of broadcast!
7 total bathrooms for the bar, hall and second floor speakeasy
2024 Gross $1,032,086
4000Sft Full Functioning Basement: 4 top notch Bathrooms, Office, Green Room, Prep, Walk-in coolers,  Employee lockers, Utilities. 
Second Floor Speakeasy. Could easily be converted to large 3rd  apartment. 
Employees: 26
13 Bartenders, 6 Kitchen, 3 sound tech, 2 Door, 1 entertainment, 1 Gm      

Unsecured Business short term financing 5-7 year amortization personal qualification required!
Cleveland D5 liquor permit $32,000 including Docs & transfer.
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Local Schools

School NameTypeDistanceGreatSchools Rating
Buckeye Elementary School
175 Buckeye Rd, Painesville, OH 44077
(440) 352-2191
Ratings
Reviews
public
0.34 mi
Painesville Christian Academy
6235 Chestnut Street, Painesville, OH 44077
(440) 352-4516
Ratings
Reviews
private
0.35 mi
Maple Elementary School
560 West Jackson St, Painesville, OH 44077
(440) 392-5440
Ratings
Reviews
public
0.84 mi
Our Shepherd Lutheran School
508 Mentor Avenue, Painesville, OH 44077
(440) 357-7776
Ratings
Reviews
private
0.92 mi
Heritage Middle School
135 Cedarbrook Dr, Painesville, OH 44077
(440) 392-5250
Ratings
Reviews
public
1.06 mi
Harvey High School
200 West Walnut Ave, Painesville, OH 44077
(440) 392-5110
Ratings
Reviews
public
1.07 mi
Melridge Elementary School
6689 Melridge Dr, Painesville, OH 44077
(440) 352-3854
Ratings
Reviews
public
1.22 mi
Clyde C Hadden Elementary School
1800 Mentor Ave, Painesville, OH 44077
(440) 354-4414
Ratings
Reviews
public
1.4 mi
Henry F Lamuth Middle School
6700 Auburn Rd, Painesville, OH 44077
(440) 354-4394
Ratings
Reviews
public
1.45 mi
Hershey Montessori Elementary School
10229 Prouty Rd, Painesville, OH 44077
(440) 357-0918
Ratings
Reviews
private
1.84 mi
Summit Academy Community School - Painesville
268 North State St, Painesville, OH 44077
(440) 358-0877
Ratings
Reviews
charter
1.96 mi
St Gabriel School
9935 Johnnycake Ridge Road, Mentor, OH 44060
(440) 352-6169
Ratings
Reviews
private
2.16 mi
Riverside Jr/Sr High School
585 Riverside Dr, Painesville, OH 44077
(440) 352-3341
Ratings
Reviews
public
2.25 mi
Elm Street Elementary School
585 Elm St, Painesville, OH 44077
(440) 392-5520
Ratings
Reviews
public
2.48 mi
Madison Avenue Elementary School
845 Madison Ave, Painesville, OH 44077
(440) 357-6171
Ratings
Reviews
public
2.64 mi
Mckinley Elementary School
602 Plum St, Fairport Harbor, OH 44077
(440) 354-4982
Ratings
Reviews
public
3.2 mi
Chestnut Elementary School
341 Chestnut St, Painesville, OH 44077
(440) 392-5350
Ratings
Reviews
public
3.43 mi
Orchard Hollow Elementary School
8700 Hendricks Rd, Mentor, OH 44060
(440) 257-5955
Ratings
Reviews
public
3.44 mi
Fairport Harding High School
329 Vine St, Fairport Harbor, OH 44077
(440) 354-3592
Ratings
Reviews
public
3.48 mi
Garfield Elementary School
7090 Hopkins Rd, Mentor, OH 44060
(440) 255-6609
Ratings
Reviews
public
3.51 mi
Sterling Morton Elementary School
9292 Jordan Dr, Mentor, OH 44060
(440) 257-5954
Ratings
Reviews
public
3.52 mi
Memorial Middle School
8979 Mentor Ave, Mentor, OH 44060
(440) 974-2250
Ratings
Reviews
public
3.58 mi
Mentor High School
6477 Center St, Mentor, OH 44060
(440) 974-5300
Ratings
Reviews
public
3.86 mi
Hopkins Elementary School
7565 Hopkins Rd, Mentor, OH 44060
(440) 255-6179
Ratings
Reviews
public
3.93 mi
Auburn Vocational
8140 Auburn Rd, Painesville, OH 44077
(440) 357-7542
Ratings
Reviews
public
4.01 mi
GreatSchools
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For more information about 11609 Detroit Rd, Cleveland, OH, 44102 or additional property in Cleveland, OH, please contact TJ Weigel Broker Strategy for EVERY market!.
https://BrothersLounge.IsForSale.com

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