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Doc's Pub

Doc's Pub in Lasalle - 2 PINs - Main level bar/commercial space w/residential apartment upstairs

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Asking Price: $174,999

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Address 

945 1st St, La Salle, IL 61301

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Date Added
Aug 27, 2024
Days on Market
261 days
Time Since Last Update
41 days

Details

Property TypeMixed Use, Retail
SubtypeBar, Storefront
Square Footage2,800
Price/Sq Ft$62.50
Occupancy100%
Units2
Buildings1
Stories2
Lot Size (sq ft)4,800
Broker Co-OpYes
APN18-15-416-018 & 18-15-416-019
OwnershipFee Simple
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Marketing Description

 Docs Pub, located at 945 1st St.​ in Lasalle, is a versatile bar with both entertainment and residential potential.​ The main bar area spans 17x40 and features sleek stainless steel countertops, creating a modern and inviting atmosphere.​ Adjacent to the bar is a 15x18 game room.​ There's also a small space that previously served as a kitchen, with the potential to be converted back into one.​ Upstairs, the property includes a two-bedroom, one-bathroom apartment with a living room, dining room, and kitchen.​ Currently rented for $850 per month, this apartment provides a steady income stream.​ The business currently operates with three gaming machines, with the opportunity to expand to six, offering additional revenue potential.​ An outdoor area (with separate PIN) is being included in the sale, which could be developed into a beer garden or other options to enhance the venue's appeal.​ This property presents endless possibilities, whether you're looking to operate a successful bar, expand gaming options, or explore new ventures in the indoor and outdoor space.​

Investment Highlights

  1. Prime Location: Docs Pub, located at 945 1st St. in Lasalle, offers a strategic location with both entertainment and residential potential.

  2. Modern Bar Area: The main bar spans 17x40 feet, featuring sleek stainless steel countertops that create a contemporary and inviting atmosphere.

  3. Additional Entertainment Space: Adjacent to the bar is a 15x18 game room, providing space for additional entertainment options.

  4. Conversion Potential: A small space that previously served as a kitchen can be easily converted back, allowing for food service or other uses.

  5. Residential Income: The property includes a two-bedroom, one-bathroom apartment upstairs, complete with a living room, dining room, and kitchen. This apartment is currently rented for $850 per month, providing a reliable income stream.

  6. Gaming Expansion: The business currently operates three gaming machines, with the opportunity to expand to six, offering potential for increased revenue.

  7. Outdoor Development Opportunity: An outdoor area with a separate PIN is included in the sale, offering the potential to develop a "Beer Garden" or other outdoor ventures to enhance the venue's appeal.

  8. Versatile Property: This property presents endless possibilities, whether you're looking to run a successful bar, expand gaming options, or explore new indoor and outdoor business ventures.

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