504 Main St - Restaurant FOR SALE


Varna, IL 61375
$139,000 USD
309-323-0399
504 Main St, Varna, IL for Sale
$139,000 USD
Restaurant - FOR SALE
1/29
null | Request Cap Rate

504 Main St
Varna, IL 61375


HIGHLIGHTS

  • Extensive Updates and Remodeling in 2021
  • 40-Foot Custom Bar, Dining Area, and Separate Game Room
  • Highly Visible Location and Strong Income Potential

OVERVIEW

Turnkey Investment - Updated Bar & Restaurant with excellent investment opportunity featuring a fully equipped, turnkey bar and adjoining restaurant space. Extensively remodeled and updated in 2021, this high-yield property consists of two separate parcels (individual PINs), offering the flexibility to operate together or purchase separately.The sale includes all business operations, supplies, and FF&E (mostly purchased new in 2021). The multi-functional building features upgraded insulation, plumbing, electrical systems, roofing,HVAC, and a 2021 walk-in refrigerator.The bar side boasts 12-foot ceilings, new tile flooring, a separate gaming room, and a 40-foot custom stained and lacquered bar top engineered for maximum serving efficiency. Advanced technology stays with the property, including state-of-the-art multi-lighting controls, communication headsets, and a comprehensive video surveillance security system. The versatile dining area provides immediate potential for secondary revenue streams via private parties, banquets, and live entertainment. Located less than 10 miles from Lake Wildwood, this property offers high visibility and strong income potential.

FOR SALE DETAILS

PRICE

$139,000 USD

PRICE/SF

$26 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

504-506 Main St

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,619 SF

ZONING

R-2

APN/PARCEL ID

06-28-261-020-0000,06-28-261-021-0000,06-28-261-022-0000

ASK ABOUT THIS PROPERTY

Justin BallRE/MAX Traders Unlimited CommercialMore Info
309-323-0399

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Justin BallRE/MAX Traders Unlimited CommercialMore Info
309-323-0399

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