Step into history and seize the opportunity to own a cherished landmark – the iconic Dispsy Doodle Dairy Bar in the heart of Northfield. This renowned restaurant, a cornerstone of the community, is offered as a turnkey investment, presenting not just the building, but also all-new kitchen equipment included in the price. Strategically located on the main thoroughfare, this bustling eatery benefits from high visibility and constant foot traffic, with the added convenience of being situated directly across from the police department. Inside, guests are welcomed into a cozy dining area, adorned with fresh paint and meticulous care, offering a comfortable ambiance for patrons to savor their favorite treats. Facilitating seamless operations, the establishment boasts two well-appointed bathrooms for guests' convenience, while additional storage space, a walk-in cooler, and full hookups for a travel trailer are found towards the rear of the property. For those seeking to expand their offerings or accommodation options, the sellers are open to negotiation for their like-new 5th wheel, available at an additional cost. Details on kitchen equipment and gross profits are readily available upon request, underscoring the lucrative potential of this investment. Embrace the opportunity to become the new stewards of this cherished institution, carrying forward its legacy of bringing joy to patrons on scorching summer days. Don't miss your chance to be a part of this enduring tradition!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $400,000 | $400,000 | $400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $265 | $265 | $265 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,661 | $2,659 | $3,373 |
Total Monthly Payment | $3,018 | $3,016 | $3,730 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.