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Bar & Grill - minutes from Starved Rock State Park

Fully Renovated Bar & Grill | Outdoor Patio | Minutes from State Parks

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Asking Price: $290,000
Earnest Money  Deposit: $2,500 min.

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Address 

139 E Walnut St, Oglesby, IL 61348

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Date Added
Sep 23, 2024
Days on Market
210 days
Time Since Last Update
23 hours

Details

Property TypeRetail
SubtypeBar, Restaurant
Investment TypeOwner/User
TenancySingle
Square Footage1,824
Net Rentable (sq ft)1,824
Price/Sq Ft$158.99
Occupancy Date10/18/2024
NOI$0
Units1
Year Built1909
Year Renovated2024
Buildings1
Stories1
ZoningB1
Lot Size (acres)0.14
Broker Co-OpYes
APN18-36-104-027
Sale ConditionFor sale by owner
IntelligenceINTELLIGENCE
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Marketing Description

Located in the heart of Downtown Oglesby this fully renovated restaurant and bar is a fan-favorite.​ Sit down and enjoy a cold beverage at the custom built wood bar, dine on a tasty menu item made fresh in an impeccable kitchen, or relax on the back patio accessible from the bar area.​ The butcher block back bar with new cabinetry, custom glass and bottle wall mounted displays, exposed brickwork, and fully refinished hardwood floors.​ Bar area is 32x18', dining area is 29x18', patio is 43x20', and kitchen is 30x19'.​ Brand new HVAC system, grease trap, beer tapping system, and patio furniture with awning.​ Ample street parking and adjacent off-street parking spots for staff.​ Kitchen equipment includes 3 warmers, glass wash, dishwasher, 3-compartment sink, 3 fryers, 1 cooktop, 2 prep tables, 1 prep cooler with table, 3 freezer/coolers and 1 deep freeze.​ Assistance will be provided to transfer gaming machines and licensing.​ Oglesby is minutes from Starved Rock State Park (~3M visitors per year), Matthiessen State Park, multiple golf courses, multiple softball and baseball field complexes, and minutes to I-39 and I-80.​ City utilities.​ 2 FT and 8 PT employees on current staff, restaurant and bar to remain open, please do not disturb staff.​ EM payable via certified funds payable to Coldwell Banker Real Estate Group.​

Investment Highlights

This listing is for the property AND the business, goodwill, and menu. Over $250k in bar, food, and gambling revenue in 2023 and expected to exceed $280k in 2024. 2 Full-Time and 8 Part-Time employees on current staff, restaurant and bar to remain open, please do not disturb staff. EM payable via certified funds payable to Coldwell Banker Real Estate Group.

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Additional Information
Broker Name
Leah Erickson
Broker License
IL 475.204597
Brokerage Name
Coldwell Banker Commercial Real Estate Group
Broker Title
Commercial Broker
Brokerage Address
38 Countryside Parkway, Yorkville, United States 60560
Broker Name
Gina Mudge
Broker License
IL 475.211625
Brokerage Address
38 Countryside Parkway, Yorkville, United States 60560
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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