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    105 Main St Penfield, IL 61862

    New
    For Sale
    $89,900

    Restaurant - Penfield, IL

    Property size:
    1,770 SF
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 105 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    061204300130
    Size
    1,770 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1932
    Number of units
    1
    Roof type
    Metal
    Architectural style
    Other

    Keller Williams The Real Estate Center of Illinois, LLC (217) 356-6100 [email protected]

    Listing agent Hayley Siefert (217) 356-6100 License #475173306

    Listing date Dec 3, 2025

    MLS# 12352108 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant and Bar Opportunity

    This is an opportunity to own a restaurant and bar in Penfield, Illinois. The building features a fully equipped kitchen, which includes a flat top oven, an Ansul system, a fryer, a commercial microwave, and a produce sink. Everything in the building will stay, including the POS system, TVs, beer cooler, stand-up cooler, all tables, and chairs. There is also a walk-in cooler. A bulk CO system and a grease trap were installed in 2024. In 2024, Berg Tank Septic Service installed a new commercial septic system. The septic system includes a 4300-gallon Ecopod tank, a 1500-gallon concrete dosing tank with a dual pump system, and a 300-gallon fiberglass effluent lift station with a dual pump system. The property size is 1770 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm Last Call Bar

    Suggested Use

    Auto Repair Shop Kitchen & Bath Bar & Pub Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Last Call

    Location Insight

    • Map
    • Local Demand
    City
    Penfield
    County
    Champaign
    State
    Illinois
    Longitude
    -88.427042
    Latitude
    40.107458

    FAQs

    What type of property is this?
    Bar - Fully equipped restaurant and bar in Penfield, Illinois for sale.
    Where is this bar located?
    The property is located at 105 Main St Penfield, IL.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: - Brand new commercial septic system installed in 2024.; - Fully equipped commercial kitchen with flat top oven, Ansul system, fryer, commercial microwave, produce sink.; - All equipment included: POS system, TVs, beer cooler, stand-up cooler, tables, chairs.
    (217) 356-6100
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    105 Main St Penfield, IL 61862
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    105 Main St
    Penfield, IL 61862
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    105 Main St Penfield, IL 61862
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