518 W Main St - Freestanding FOR SALE


Kirkland, IL 60146
$489,999 USD
847-650-8299
518 W Main St, Kirkland, IL for Sale
$489,999 USD
Freestanding - FOR SALE
1/31
null | Request Cap Rate

518 W Main St
Kirkland, IL 60146


HIGHLIGHTS

  • High quality remodel in 2024 including all mechanicals
  • New HVAC system for first floor
  • New plumbing and electrical
  • Outdoor beer garden
  • All FF&E included

OVERVIEW

A rare opportunity to own a proven multi-use property in the heart of downtown Kirkland. Known as The Shady Spot, this well-established business and building combines multiple revenue streams under one roof, making it a strong investment or owner-operator play. Property Highlights Bar & Gaming: A neighborhood staple with a loyal following. Features a full bar setup and 6 video gaming machines for consistent additional revenue. Laundromat: Steady cash flow with a long-standing reputation for reliable, well-maintained machines. Includes 7 washers and 8 dryers. Apartments: Two second floor residential units offer additional rental income and keep occupancy rates strong. Outdoor Beer Garden: A shaded, inviting space perfect for events, gatherings, and expanding bar service. Prime Location: Situated on Main Street with excellent visibility and foot traffic, serving both local residents and visitors. Investment Summary Diverse income streams: bar, gaming, laundromat, and residential. Value-add potential: expand bar/food operations, modernize laundromat, or reconfigure apartments for higher rents. Established presence in the community with long-term customer loyalty. This is an exceptional opportunity to acquire a cash-flowing, mixed-use property with upside potential in a growing small-town market.

FOR SALE DETAILS

PRICE

$489,999 USD

PRICE/SF

$162 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Bar, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,150 SF

ZONING

B-1

APN/PARCEL ID

01-26-209-007,01-26-209-008,01-26-209-023

ASK ABOUT THIS PROPERTY

Andrew PruntyApex Commercial Realty LLCMore Info
847-650-8299

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Andrew PruntyApex Commercial Realty LLCMore Info
847-650-8299

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