Listed by Marcus & Millichap - Indianapolis
$600,000
Downtown Canton Owner/User Opportunity - Mixed Use
Details
Property Type Mixed Use, Retail
Sub Type Restaurant, Bar
Square Footage 7,867
Units 3
Occupancy 100%
Tenancy Multi
Price per SqFt $76
Year Built 1978
Year Renovated 2022
Buildings 1
Acreage 0.400
Parking Spaces 26 spaces
Parking per 1,000 SqFt 3.30
Investment Type Owner/User
Owner/User Opportunity in Downtown Canton, IL | Mixed-Use - Includes 2nd Floor Apartments
Marketing description
7,867 square foot building consisting of a fully equipped bar & grill and three residential apartment units on the second level, providing diverse revenue potential. The sale includes the operating business, all equipment, and real estate, allowing an investor or owner operator to immediately take over operations with limited downtime or buildout expense.
The property features six licensed gaming terminals creating a strong ancillary income stream. Situated in the heart of Downtown Canton, the property benefits from excellent visibility, walkability, nearby businesses, government offices, community events, and an established customer base.
Investment highlights
- 7,867 square foot building consisting of a fully equipped bar & grill and three residential apartment units on the second level, providing diverse revenue potential
- Sale included operating business, all equipment, and real estate, allowing investor or owner operator to immediately take over operations with limited downtime or buildout expense
- Property features six licensed gaming terminals creating a strong ancillary income stream
- The property may qualify for Tax Increment Financing (TIF) and Business Development District incentives
- Qualified redevelopment projects may be eligible for incentives covering up to 30% of improvement costs
- Situated in the heart of Downtown Canton, the property benefits from excellent visibility, walkability, nearby businesses, government offices, community events, and an established customer base.
Listing Contacts
Listed by Marcus & Millichap - Indianapolis
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
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
