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
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

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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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