Listed by Coldwell Banker Commercial Real Estate Group
$279,000
139 E. Walnut St.
Details
APN 18-36-104-027
Property Type Retail
Sub Type Storefront, Restaurant
Net Rentable (SqFt) 1,824
Units 1
Tenancy Single
Broker Co-Op Yes
Year Built 1909
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.140
Zoning B1
Investment Type Owner/User
Occupancy Date 10/17/2024
Sale Condition For sale by owner
Fully Renovated Bar & Grill | Outdoor Patio | Minutes from State Parks
Marketing description
From I-39 take Walnut Street east towards Downtown Oglesby. The property is on the south side of the road just past the large city parking lot.
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.
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.
Listing Contacts
Listed by Coldwell Banker Commercial Real Estate Group
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