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    402 W Deck St New Douglas, IL 62074

    New
    For Sale
    $340,000

    Commercial Sale - New Douglas, IL

    Property size:
    2,984 SF
    Lot size:
    0.52 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 402 W Deck St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    04-2-06-16-10-104-023
    Size
    2,984 SF
    Lot size
    0.52 Acres

    Utilities

    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1925
    Building materials
    Block, Vertical Siding
    Architectural style
    Other

    RE/MAX Alliance (618) 975-6043 [email protected]

    Listing agent Mike Mihelcic (618) 635-2900 License #475155256

    Listing date Dec 1, 2025

    MLS# 25078931 Listing URL

    Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Venue in New Douglas

    This commercial property, formerly the Sweetwater Saloon, presents a strong investment opportunity with established local recognition and multiple income-driving components. The building provides nearly 2,000 square feet of interior seating, complemented by a large covered patio and outdoor entertainment area designed to maximize capacity and event revenue. A 12x16 outdoor stage has historically supported local musicians, attracting consistent crowd volumes. Multiple storage rooms and convenient exterior access facilitate operations, deliveries, and potential future expansion. A large parking lot accommodates high-traffic events, with the possibility of adding more spaces. Offered with equipment in place for a turn-key transition, the property sits on a 0.5173-acre lot. The property size is 2,984 square feet. It is located in New Douglas, Illinois. Full inventory list available upon request. Ideal for investors looking for a proven venue with strong community presence and significant upside potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SweetWater Saloon Bar

    Suggested Use

    Spa & Massage Auto Repair Shop Hair Salon Nail Salon Bar & Pub Arcade & Gaming Center

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

    Similar Places Nearby

    Dawg Haus, SweetWater Saloon

    Location Insight

    • Map
    • Local Demand
    City
    New Douglas
    County
    Madison
    State
    Illinois
    Longitude
    -89.66776499
    Latitude
    38.97005698

    Nearby Similar for Sale

    • $153,500
      1,724 SF

      New Douglas Duplex with Garages

      Well-maintained duplex in quiet location, great investment or owner-occupancy.
      812 W Douglas St, New Douglas, IL 62074
      View Details

    FAQs

    What type of property is this?
    Bar - Turn-key venue with strong community presence and upside potential.
    Where is this bar located?
    The property is located at 402 W Deck St New Douglas, IL.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: - Established venue with strong local recognition and consistent weekday/weekend traffic.; - Turn-key operation with equipment included for immediate income generation.; - **Large capacity: nearly 2,000 sq ft interior seating plus large covered patio and outdoor entertainment area.**
    (618) 635-2900
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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
    402 W Deck St New Douglas, IL 62074
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