139 E Walnut St - Restaurant FOR SALE


Oglesby, IL 61348
$290,000 USD
815-780-7952
139 E Walnut St, Oglesby, IL for Sale
$290,000 USD
Restaurant - FOR SALE
1/46
null | Request Cap Rate

139 E Walnut St
Oglesby, IL 61348


HIGHLIGHTS

  • Fully Renovated Bar & Grill
  • Outdoor Patio
  • Minutes from State Parks

OVERVIEW

Located in the heart of Downtown Oglesby this fully renovated restaurant and bar is a fan-favorite. Sit down and enjoy a cold beverage at the custom built wood bar, dine on a tasty menu item made fresh in an impeccable kitchen, or relax on the back patio accessible from the bar area. The butcher block back bar with new cabinetry, custom glass and bottle wall mounted displays, exposed brickwork, and fully refinished hardwood floors. Bar area is 32x18', dining area is 29x18', patio is 43x20', and kitchen is 30x19'. Brand new HVAC system, grease trap, beer tapping system, and patio furniture with awning. Ample street parking and adjacent off-street parking spots for staff. Kitchen equipment includes 3 warmers, glass wash, dishwasher, 3-compartment sink, 3 fryers, 1 cooktop, 2 prep tables, 1 prep cooler with table, 3 freezer/coolers and 1 deep freeze. Assistance will be provided to transfer gaming machines and licensing. Oglesby is minutes from Starved Rock State Park (~3M visitors per year), Matthiessen State Park, multiple golf courses, multiple softball and baseball field complexes, and minutes to I-39 and I-80. City utilities. 2 FT and 8 PT employees on current staff, restaurant and bar to remain open, please do not disturb staff. EM payable via certified funds payable to Coldwell Banker Real Estate Group.

FOR SALE DETAILS

PRICE

$290,000 USD

PRICE/SF

$159 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1909

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

B1

APN/PARCEL ID

18-36-104-027

ASK ABOUT THIS PROPERTY

Leah EricksonColdwell Banker Commercial Real Estate GroupMore Info
815-780-7952

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Leah EricksonColdwell Banker Commercial Real Estate GroupMore Info
815-780-7952

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.