8 Hodge St - Restaurant FOR SALE


Tilton, IL 61832
$350,000 USD
217-352-7712
8 Hodge St, Tilton, IL for Sale
$350,000 USD
Restaurant - FOR SALE
1/10
null | Request Cap Rate

8 Hodge St
Tilton, IL 61832


HIGHLIGHTS

  • Close to I-74 Georgetown Exit
  • Established Bar & Restaurant w/ Full Kitchen & Staff
  • Rt 150 - 25,000 CPD
  • Tremendous Upside To Increase Revenues & Profits
  • Located in TIF/Enterprise Zone

OVERVIEW

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer Better Days Fun, Food & Spirits for sale at 8 Hodge St in Tilton, IL. Situated on 1.25 acres the Bar & Restaurant was established in 2017, going through several additions in keeping up with it’s growing popularity so far over it’s five year existence. The property boasts over 5,200 square feet of dining, bar, casino gaming ,large 25 x 48 banquet venue with separate access, large full service commercial kitchen with like-new equipment, a 9×15 walk-in cooler, new utilities, a beautiful 1,300 square foot outdoor patio deck with smoke shack, and room to add on to the facility. The property sits on a large gravel lot inclusive of 38 parking spaces and 15 foot outdoor street sign. This mom and pop style local establishment is open 7 days a week serving hamburgers, in-house smoked brisket, it’s own brand of BBQ sauces, and steak dinners on weekends. In addition, the property is located in a TIF district/Enterprise Zone receiving incentives from the village of Tilton! This is a great opportunity for someone with bar & restaurant experience to purchase a turn-key operation plus the real estate and take the operation to the next level. Make your appointment for a showing today! Area Description Just one half mile off of I-74 of Danville’s Georgetown exit in the village of Tilton. The Village of Tilton is in Vermilion County in eastern Illinois. Tilton is considered to be part of the Danville, Illinois Metropolitan Statistical Area and is located on the eastern border of Illinois about 10 miles from Indiana. It lies about 150 miles south of Chicago and just over 30 miles east of the University of Illinois in Urbana/Champaign. The establishment is situated just two blocks east of Georgetown Rd/Rt 150, the major retail corridor and thoroughfare of Tilton, with retailers such as AT&T, Dollar General, Big R, Little Caesars Pizza, Monical’s Pizza, Chevrolet of Vermilion, Anytime Fitness, Burger King, a large Mach 1 Truck Stop, and many more. This thoroughfare receives 25,000 cars per day. The site is located just south and east of neighboring residential subdivisions. Neighborhood businesses include the Paw-A-Day Inn K-9 boarding and training facility, Cabinet City Granite & Marble, Danville Township Building, the Tilton Illinois Secretary of State Facility, DTI Office Solutions, Lincare and the T3 Sports Academy.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$67 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turnkey Grill & Bar w/Gaming For Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

B-3

APN/PARCEL ID

23-20-201-005

ASK ABOUT THIS PROPERTY

Nick RagleColdwell Banker Commercial Devonshire RealtyMore Info
217-352-7712

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

Nick RagleColdwell Banker Commercial Devonshire RealtyMore Info
217-352-7712

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