1415 McKinley St - Restaurant FOR SALE


Mascoutah, IL 62258
$1,000,000 USD
618-202-4500
1415 McKinley St, Mascoutah, IL for Sale
$1,000,000 USD
Restaurant - FOR SALE
1/12
null | Request Cap Rate

NEW


1415 McKinley St
Mascoutah, IL 62258


HIGHLIGHTS

  • Turn Key Restaurant
  • GM willing to train new owner
  • Marquee Signage on Route 177
  • Large Parking Lot
  • Room to expand outdoor activities on 3.48 Acres
  • Fully Equipped Kitchen

OVERVIEW

TURN-KEY ESTABLISHED RESTAURANT • 4,000 SF +/- Restaurant on 3.48 acres • Marquee Signage located on Route 177 • Dining area, private party room, bar area, gaming area (IL licensed machines),outdoor patios with a bandstand, fully equipped kitchen. • Large Parking Lot with 52 Parking Spaces • Less than 25 minutes from Saint Louis and 5 miles from Scott Air Force South gate. • Sale Price Total: $1,000,000 • Building & Land Only $750,000, • Business & Furniture, Fixtures & Equipment (FF&E) $250,000 *Main dining room seats 100, Private dining Room seats 26, Bar Area Seats 26 & Total Outdoor seating is 105. Acreage is large enough for more outdoor additions! Potential to add catering and deliveries for additional income. Please do not approach employees or owners about the sale. All tours must be scheduled with a Broker. Potential Buyers must sign a NDA if requesting financials & FF&E. General Manager is willing to train new owner. Reason for selling: Seller is wanting to retire.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$251 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Turn-Key Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

3.48 AC

LAND SF

151,589 SF

ZONING

General Commercial

APN/PARCEL ID

09-36.0-201-039,09-36.0-201-051

ASK ABOUT THIS PROPERTY

Kelly HulveyKunkel Commercial GroupMore Info
618-202-4500

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Kelly HulveyKunkel Commercial GroupMore Info
618-202-4500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.