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    Established Bar in Roseville, IL Title is generated by Realmo AI

    125 W Penn Ave, Roseville, IL 61473

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    For Sale
    $125,000

    Commercial Business - Roseville, IL

    Property size:
    1,980 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $63/SF
    Added:
    Dec 19, 2025
    Days on Market:
    168
    Last Refresh:
    Jun 5 at 10:06 pm

    Property Features for 125 W Penn Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Kitchen
    Parking features
    Garage
    Basement Y/N
    1
    Standard status
    Active
    APN
    07-209-044-00
    Size
    1,980 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1921

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1962
    Year renovated
    1962
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Brent Reneau

    Listing agent Brent Reneau

    Listing office Whitetail Properties Real Estate LLC 121 S Madison St, Pittsfield, IL

    Listing date Dec 19, 2025

    MLS# 11622015 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey Business Opportunity: Established Quigley's Saloon ready for a seamless transition, with all inventory and equipment included.
    • Prime Location: Highly visible location near a busy intersection on a well‑traveled state highway.
    • Versatile Layout: Suitable for continuing the bar business or repurposing for other commercial uses.
    • Full‑Service Amenities: Includes a full‑service bar, gaming machines, TouchTunes jukebox, pool table, shuffleboard, dartboard machine, walk‑in cooler, and complete restaurant/bar equipment.
    • Spacious and Entertaining Atmosphere: Features a spacious seating area and an outdoor/enclosed area for entertainment.
    • Ample Storage and Expansion: Full basement provides ample storage, office space, or future expansion possibilities.

    Overview

    This commercial property, known as Quigley's Saloon, presents a turnkey investment opportunity in Roseville, Illinois. The established bar has been a community gathering place for over 60 years and under current ownership for the past 11 years. Located near one of Roseville's busiest intersections along a highly traveled state highway, the property benefits from excellent visibility and consistent traffic. The 1,980 square-foot saloon features a full-service bar, a spacious seating area, gaming machines, a TouchTunes jukebox, and an outdoor/enclosed area. The property includes a walk-in cooler, complete restaurant and bar equipment, men's and women's restrooms, a pool table, shuffleboard, TVs, and a dartboard machine. The building also includes a full basement, suitable for storage, office space, or future expansion. Situated on a 0.08-acre lot, the property offers potential for various commercial uses. The seller is willing to convey all inventory and equipment at closing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Similar Places Nearby

    • Twisted Too Bar & Grill — 105 S Main St, Roseville, IL 61473
    • Quigley's Saloon — 125 W Penn Ave, Roseville, IL 61473

    Location Insight

    • Map
    • Local Demand
    City
    Roseville
    County
    Warren
    State
    Illinois
    Longitude
    -90.664718
    Latitude
    40.73262

    Nearby Similar for Sale

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      1,645 SF

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    • $75,000
      1,645 SF

      Roseville Commercial Property For Sale

      Commercial property near post office and hardware store in Roseville.
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    FAQs

    What type of property is this?
    Bar & Pub - Turnkey bar and restaurant property with high visibility.
    Where is this bar & pub located?
    The property is located at 125 W Penn Ave Roseville, IL.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Turnkey Business Opportunity: Established Quigley's Saloon ready for a seamless transition, with all inventory and equipment included.; Prime Location: Highly visible location near a busy intersection on a well‑traveled state highway.; Versatile Layout: Suitable for continuing the bar business or repurposing for other commercial uses.
    (309) 337-0348
    We can help!
    Listing Contact
    Brent Reneau
    Request Owner's contact information
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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