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32131334
32131218

206 West Locust Street, Fairbury, IL 61739

SG
IL 475185.390
$160,000
35 days on market
Updated 23 days ago

206 West Locust Street

Details
APN 252503451010
Property Type Retail, Business for Sale
Sub Type Bar, Business and Building
Square Footage 2,102
Keys 1
Cap Rate 15.00%
NOI $29,553
Occupancy 100%
Tenancy Single
Buildings 1
Stories 1
Lot Size (SqFt) 3,920
Investment Type Owner/User
Ground Lease No
Ownership Sole Ownership
Sale Condition N/A

Crazy Crains Bar is now available for sale and ready for immediate cash flow

Marketing description

Excellent opportunity to own a well-established bar in the heart of Fairbury, IL. This centrally located property features strong street presence along a classic downtown corridor, surrounded by local businesses and steady foot traffic. The brick facade and covered entry provide a welcoming, small-town charm while offering practical weather protection for patrons entering and exiting. Inside, the property is configured for immediate operation with a spacious, open-concept layout centered around a full-length wooden bar. The bar area offers ample seating with multiple stools, durable finishes, and a functional service setup designed for efficiency during peak hours. Behind the bar, you'll find commercial-grade refrigeration, beverage displays, and a well-organized service station, creating a turnkey environment for continued operation. The interior showcases a classic neighborhood tavern aesthetic with wood-paneled walls, tile flooring, and a relaxed, inviting atmosphere that appeals to a loyal local customer base. Overhead lighting and ceiling fans provide comfortable airflow and visibility throughout the space. A mounted TV and entertainment-friendly layout makes this an ideal setting for hosting events, game nights, or live entertainment.

Investment highlights

  • Full bar
  • 5 gaming machines
  • 2 dart boards and pool table
  • 15% cap rate and minimal competition in town
  • Beer garden with ample space

Listing Contacts

SG
IL 475185.390

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$29,553.00
$2,462.75/mo

Valuation Metrics

0
DSCR
18.47%
Cap Rate
18.47%
ROI

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Additional Information

Name
Shane Grant
License
475185.390
Brokerage
Keller Williams Revolution
Brokerage Phone
3098343400
Title
Broker
Brokerage Address
2401 East Empire Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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