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    139 E Walnut St Oglesby, IL 61348

    For Sale
    $279,000

    Business Opportunity - Oglesby, IL

    Property size:
    1,824 SF
    Days on Market:
    60
    Last Refresh:
    Dec 6 at 8:06 am

    Property Features for 139 E Walnut St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RTAIL
    APN
    1836104027
    Size
    1,824 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2406 [email protected]

    Listing agent Leah Erickson (815) 553-2406 License #475204597

    Listing date Oct 8, 2025

    MLS# 12162014 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

    Renovated Restaurant and Bar in Oglesby

    Located in downtown Oglesby, Illinois, this renovated restaurant and bar offers a business opportunity. The property features a custom-built wood bar, an equipped kitchen, and a back patio accessible from the bar area. Architectural details include a butcher block back bar with new cabinetry, custom glass and bottle wall-mounted displays, exposed brickwork, and refinished hardwood floors. The bar area measures 32x18 feet, the dining area is 29x18 feet, the patio is 43x20 feet, and the kitchen is 30x19 feet. A new HVAC system, grease trap, beer tapping system, and patio furniture with awning have been installed. The kitchen is equipped with 3 warmers, a glass wash, a dishwasher, a 3-compartment sink, 3 fryers, 1 cooktop, 2 prep tables, 1 prep cooler with table, 3 freezer/coolers and 1 deep freeze. Ample street parking is available, along with adjacent off-street parking for staff. The property is situated minutes from Starved Rock State Park, Matthiessen State Park, multiple golf courses, and softball and baseball field complexes, with convenient access to I-39 and I-80. City utilities are in place. The property has 2 full-time and 8 part-time employees on the current staff.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Brennan’s Bar & Grill Bar & Grill ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Lizzie's Lounge, CortiLeno's, Claudette's, Mercer's Rooftop, Axetreme Throwing

    Location Insight

    • Map
    • Local Demand
    City
    Oglesby
    County
    LaSalle
    State
    Illinois
    Longitude
    -89.059208
    Latitude
    41.294781

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    FAQs

    What type of property is this?
    Bar - Fully renovated restaurant and bar in downtown Oglesby, Illinois.
    Where is this bar located?
    The property is located at 139 E Walnut St Oglesby, IL.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: - Fully renovated restaurant and bar in the heart of Downtown Oglesby.; - Includes a new HVAC system, grease trap, beer tapping system, and patio furniture with awning.; - Turnkey operation with extensive kitchen equipment (warmers, dishwashers, fryers, cooktop, prep tables, coolers, freezers).
    (815) 553-2406
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    139 E Walnut St Oglesby, IL 61348
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    Oglesby, IL 61348
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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

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    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
    139 E Walnut St Oglesby, IL 61348
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