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1121 W Empire Street, Freeport, IL

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1121 W Empire Street

Freeport, IL 61032-6266

Property Type:Retail Sub Type:Restaurant Status:Existing Year Built:1932
Building Size:6,158 SF Land Area:1.35 AC (58,806 SF)
For Sale Price:$275,000 Price/SF:$44.66
Cap Rate:-
Parking:100 Surface spaces are available; Ratio of 10/1,000 SF
Features:Air Conditioning, Fireplace, Pylon Sign, Restaurant, Signage

Sale Notes:
Well Established Full-Service Restaurant With Bar (And Gaming) Freeport, IL - Property On 1.28 Acres Included In Asking Price!

An upscale, yet casual full-service restaurant for the entire family. Offered a variety of delicious seafood and steaks plus soups, salads, sandwiches, burgers, pastas and more.

Dine in, carry out, banquets and catering.

Also averaged $3,000/mth in gaming revenue (location's take).

Established: 1932 (Current Owners 2007 - 10 Years)

Gross Sales (2016): $544,000 (Asset Sale - No Financials To Review)

Reasons for Selling: Downsizing

Competition/Market: Known for their delicious food and great service. Perfect place for a nice dinner. Great lounge atmosphere. Best mixed drinks in town. One of the best restaurants in the area. Voted #1 in the Region for Cocktails, Steaks and "Best Place To Go Dressed Up".

Growth & Expansion: Local favorite. The go-to place for steak. Great place to gather with friends. Family friendly.

Keep the current concept or make it your own at this ideal location!

Family owned & operated.

Feel free to stop by the location first. This is a highly confidentially listing, please do not talk to anyone. If interested, contact Tom Traina for more information. Showings by appointment only.

Listed by Tom Traina at EatZ & Associates / American Realty Network Inc

Eatz & Associates
Tom Traina
(888) 971-3289

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