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488 E State Route 71

Oglesby, IL 61354
  • $159,000
  • STATUS: Active
  • ON SITE: 415 Days
  • MLS #: 11128793
UPDATED: 41 min ago
$159,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1926
County:

School Ratings & Info

Description

Location, location, location! An opportunity like this does not come around often! Now is your chance to own a restaurant/bar location that features a fully remodeled apartment in 2020 on the 2nd level, adjacent parking lot AND a fully remodeled (in 2020) and rented home right next door! 3 Parcels total. All equipment for the restaurant remains. Main floor features an oversized bar area (988 sq/ft) with separate entrance. Main dining room (900 sq/ft) with separate entrance. Full kitchen (779 sq/ft) with basement (1257 sq/ft) and lower level office access. 2nd floor 2 BR 1 full bath apartment (566 sq/ft) can be rented or utilized by the owner. Apartment features private exterior entrance with the ability to access the restaurant as well. Adjacent parking lot has abundant parking. Add in the currently rented home (888 sq/ft) which includes all appliances, has been remodeled, resided and more. What an opportunity to have income flowing from the rentals immediately while making the restaurant location YOURS. Located just 6 minutes from the ever so popular Starved Rock State Park and Lodge. Less than 1/4 mile from the Illinois River and with a combined traffic count of just under 10,000 cars daily, this location is prime.

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© 2022 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 2022-08-08T08:58:27.94 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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488 E State Route 71 Oglesby, IL 61354

  • Price: $159,000
  • Status: Active
  • On Site: 415 Days
  • Updated: 41 min ago
  • MLS #: 11128793
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1926
Built
Neighborhood:
Confidential Commercial Listings
County:
La Salle
Area:
Confidential Commercial Listings
Property Description
Location, location, location! An opportunity like this does not come around often! Now is your chance to own a restaurant/bar location that features a fully remodeled apartment in 2020 on the 2nd level, adjacent parking lot AND a fully remodeled (in 2020) and rented home right next door! 3 Parcels total. All equipment for the restaurant remains. Main floor features an oversized bar area (988 sq/ft) with separate entrance. Main dining room (900 sq/ft) with separate entrance. Full kitchen (779 sq/ft) with basement (1257 sq/ft) and lower level office access. 2nd floor 2 BR 1 full bath apartment (566 sq/ft) can be rented or utilized by the owner. Apartment features private exterior entrance with the ability to access the restaurant as well. Adjacent parking lot has abundant parking. Add in the currently rented home (888 sq/ft) which includes all appliances, has been remodeled, resided and more. What an opportunity to have income flowing from the rentals immediately while making the restaurant location YOURS. Located just 6 minutes from the ever so popular Starved Rock State Park and Lodge. Less than 1/4 mile from the Illinois River and with a combined traffic count of just under 10,000 cars daily, this location is prime.
Exterior Features

Frontage Type Public Road Outdoor Parking 19-30 Spaces Parking Total 29

Interior Features

Cooling Central Air Heat Ventilation Central Heat/Indiv Controls Number Of Dryers 2 Number Of Ranges 2 Number Of Washers 2

Property Features

Additional Parcels YN Yes Approximate Age Older Built Before1978 YN Yes Current Use Other Electric Circuit Breakers Fire Protection Ansul SystemNone Geographic Locale Far West Gross Income 2200 Gross Scheduled Income 26400 Insurance Expense 755 Mls Actual Status Active Number Of Tenants 1 Ownership Types Individual Property Sub Type Mixed Use Rental Price 0 Tax Annual Amount 4582.98 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeatSewer Total Monthly Income 2200 Type Mixed Use Zoning Commr

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Bhhs Central Illinois Realtors.


© 2022 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 2022-08-08T08:58:27.94 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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