220 Locust Street

    Fairbury, IL 61739
    • $225,000
    • STATUS: Active
    • ON SITE: 230 days
    • MLS #: 10548484
    UPDATED: 49 min ago
    $225,000
    • 0
      BEDS
    • Less Than .25 Acre
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,080
      SQFT
    • $55
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    Are you thinking you'd like to own a very popular local bar/restaurant? This is your opportunity to buy Gig's Place Bar & Grill in downtown Fairbury, IL. Just think what you could do with everything Gig's has to offer - the main bar, main room restaurant seating, DJ booth, gaming station and pool table, as well as the back banquet room with side bar & buffet area...not to mention the outdoor seating with large outdoor tiki bar and huge outdoor grill where customers can grill their own steaks. Overall seating is 180 including the patio. It's already been updated and is an up and running business - ready for you to step in and take over. Owners are willing to train and share their knowledge with the new owners for a flawless conversion. You're buying the building as well as the business/equipment but Seller's would consider other options.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2020-06-02T10:51:41.173 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.lewkepartners.com/homes/99967847

    220 Locust Street Fairbury, IL 61739

    • Price: $225,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 10548484
    0
    Beds
    0
    Baths
    0
    ½ Baths
    Less Than .25 Acre
    Acres
    4,080
    SQFT
    $55
    $/SQFT
    Neighborhood:
    Fairbury
    County:
    Livingston
    Area:
    Fairbury
    Property Description
    Are you thinking you'd like to own a very popular local bar/restaurant? This is your opportunity to buy Gig's Place Bar & Grill in downtown Fairbury, IL. Just think what you could do with everything Gig's has to offer - the main bar, main room restaurant seating, DJ booth, gaming station and pool table, as well as the back banquet room with side bar & buffet area...not to mention the outdoor seating with large outdoor tiki bar and huge outdoor grill where customers can grill their own steaks. Overall seating is 180 including the patio. It's already been updated and is an up and running business - ready for you to step in and take over. Owners are willing to train and share their knowledge with the new owners for a flawless conversion. You're buying the building as well as the business/equipment but Seller's would consider other options.
    Exterior Features

    Approx Land Sq Footage 4080 Frontage Access City Street Location Central Business District Lot Dimensions 50 X 150 Lot Sq Ft 7500 Number Of Parking Spaces 4 Waterfront YN No

    Interior Features

    Air Conditioning Central Air Number Of Stories 1

    Property Features

    Adj Net Inc Expense Source Owner Projection Adjusted Net Income 0 Ann Rnt Expense Source Actual Annual Rent For Real Estate 0 Business Age 11+ Years Business Name Gig's Place Bar & Grill Business Type Bar/Lounge/Nite ClubRestaurant Corporate Limits Fairbury Cost Of Goods Expense Source Owner Projection Cost Of Goods Sold 0 Cost Of Goods Year 2019 Current Use Commercial Food Beverage Type RestaurantBanquetGrill Gross Payroll 0 Gross Payroll Expense Source Owner Projection Gross Payroll Year 2019 Gross Profit 0 Gross Profit Expense Source Owner Projection Gross Profit Year 2019 Gross Sales Ann Expense Source Owner Projection Gross Sales Ann Year 2019 Gross Sales Annual 0 Heat Ventilation Forced AirGas Inventory 0 Inventory Expense Source Owner Projection Inventory Year 2019 Known Encumbrances First Mortgage Living Quarters None Miscellaneous Outside Patio Net Operating Income Year 2019 Net Profit 0 Net Profit Source Owner Projection Possession Closing Property Offered For Sale Only Real Estate Included YN Yes Seating Capacity 100+ Tax Year 2018 Taxes 1803 Tenant Pays Air ConditioningElectricHeatReal Property TaxesInsuranceRepairs And MaintenanceRoofStructureWater/SewerCooking Gas Total Op Exp Year 2019 Total Op Expense Source Owner Projection Total Operating Expenses 0 Type Of Lease None Type Ownership Business Corporation Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Indian Creek Realty.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2020-06-02T10:51:41.173 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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