Bar and Grill in Ladd
Retail-Commercial
for Sale
| Catylist Listing ID: |
30851300 |
| Property Subtypes: |
Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
|
| Building Size (RSF): |
4,000 SF
|
| Gross Land Area: |
3,125 SF
|
| Sale Price: |
$249,900 |
| Unit Price: |
$62.48 PSF |
| Property Use Type: |
Investment |
| Building Name: |
SOFTTAILS |
| Usable Size (USF): |
4,000 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/26/2023 |
Overview / Comments
|
Fantastic Opportunity! Turnkey business close to I-80 access. Starved Rock area and other state parks. Well established bar and grill. The front bar area has bar and table seating. 2 public restrooms. There is a back banquet area equipped with seating (seats approx. 35-40) and a small dry bar for overflow seating, events etc. Kitchen has 3 deep fryers, grill, 4 burner stove and oven, cooler, 3 sink dishwashing station ad updated hood and sprinkler. The basement has a walk-in cooler and storage space. The upper level is an unfinished space. The current owner has 5 gaming machines for additional income.
|
Additional Details
| Nearest MSA: |
Ottawa |
| County: |
Bureau |
| Taxing Authority: |
Bureau County |
| Tax ID/APN: |
18-09-439-007 |
| Zoning: |
B2 COMMERCIAL |
| Retail Clientele: |
General, Family, Business, Recreation |
| Property Located Between: |
on Route 89 North of I-80 |
| Property Visibility: |
Excellent |
| Feet of Frontage: |
25 |
| Highway Access: |
Route 89
Interstate 80 |
| Airports: |
Illinois Valley Regional Airport |
| Site Description: |
Corner Lot |
| Area Description: |
Downtown Business District |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
4,000 SF |
| Total Parking Spaces: |
5 |
| Parking Type: |
Surface |
| Parking Description: |
city street |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Zoning Description: |
B2 Commercial |
| Lot Frontage: |
25 |
| Lot Depth: |
125 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
736 |
4,734 |
16,178 |
| Median Age: |
40 |
41.26 |
41.98 |
| Households: |
331 |
1,950 |
6,667 |
|
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