Listed by RE/MAX Preferred
$575,000
711 W Racine St
Details
APN 241-0614-0344-011; 241-0614-0344-021
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 9,379
Units 3
Tenancy Vacant
Price per SqFt $61
Year Built 1971
Buildings 1
Stories 2
Acreage 0.550
Zoning commercial
Parking Spaces 50
Investment Type Owner/User
Well-known Turn-Key Bar and Grill for sale
Marketing description
Check out this goldmine! Many possible streams of revenue are waiting for you! Bar, restaurant, waiting for a new owner to show it off! Current owner is ready to take a step back and enjoy retirement. Now Looking for a good fit to take over this turn-key establishment. The possibilities are endless with the huge banquet room, it even has an additional bar. This area is the perfect space to rent out for any occasion. If that's not enough, there are also two rental units on the second floor, each 2 bedroom 1bath. Come check out this well known and established bar in close knit Jefferson.
Second parcel number included:241-0614-0344-021
Investment highlights
- Year Built: 1971
- Square Feet: 9,379
- Bar area, plus large banquet room with separate entrances.
- Full Kitchen
- 2 apartments on 2nd floor, currently rented month to month.
- Included: Furniture and Furnishings
- Kitchen Equipment , Cookware, Dishes (List Available)
- Zoning \ Possible Uses
- Commercial
- Tavern/Bar, Restaurant
- Event Venue
- Retail/Office
- Lot Information: .55 Acre
- Located on Hwy 18, close to Hwy 26
- Large Parking Lot with 50 Stalls
- Additional access on W Madison St.
Listing Contacts
Listed by RE/MAX Preferred
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
