Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6046 Penrose Rd Fulton, IL 61252

    Sponsored
    For Sale
    $629,900

    COMMERCIAL - Fulton, IL

    Lot size:
    0.60 Acres
    Days on Market:
    63
    Last Refresh:
    Jan 30 at 10:06 pm

    Property Features for 6046 Penrose Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commerical
    APN
    0114353009
    Lot size
    0.60 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Private

    Building Details

    Floors in Building
    1
    Flooring type
    Tile, Concrete
    Building materials
    Steel Frame, Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Leatha Melton

    eXp Realty, LLC (833) 835-5566

    Listing agent Leatha Melton

    Listing date Nov 29, 2025

    MLS# QC4269647

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

    Learn more

    Property Insight Report

    Overview

    Turn-Key Bar and Restaurant

    This is an exceptional opportunity to acquire a fully operating, turn-key bar and restaurant situated on a high-visibility highway location in Fulton, Illinois, specifically on IL-84. Known as Hunters 2, this established local business features a full kitchen, a spacious dining room, a large horseshoe bar, and a dedicated gaming area. An expansive outdoor patio is designed for events and additional seating. The property includes a generously sized paved parking lot and multiple dining zones. The commercial kitchen is equipped with well-maintained equipment. The interior provides a warm lodge-style atmosphere, accommodating large groups with efficient floor plan for high-volume service. The outdoor area features a covered service bar and fenced patio, creating an ideal space for seasonal gatherings. The sale encompasses the real estate, fixtures, equipment, and a fully staffed business, ensuring a seamless transition for the new owner. With excellent traffic counts, a strong local following, and multiple revenue streams, this property is positioned for continued success or expansion. The property is zoned commercial and sits on a 0.6-acre lot. Showings are available by appointment only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunters2 Sports Bar Bar ATM Atm

    Suggested Use

    Bar & Pub Cafe & Coffee Shop Pet Grooming Service

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

    Similar Places Nearby

    R&B Slot Parlor, Hunters2 Sports Bar, Fulton Country Club

    Location Insight

    • Map
    • Local Demand
    City
    Fulton
    County
    Whiteside
    State
    Illinois
    Longitude
    -90.13105145
    Latitude
    41.88685205

    Nearby Similar for Sale

    • $350,000
      7,200 SF

      Fulton Commercial Property on 5 Acres

      Spacious building on 5 acres near the Great River Road.
      23080 Waller Rd, Fulton, IL 61252
      View Details
    • $284,900
      0.41 Acres

      Commercial Property in Fulton, IL

      Versatile commercial building with high visibility and flexible options.
      1703 10Th Ave, Fulton, IL 61252
      View Details
    • $289,000
      0.10 Acres

      Mixed-Use Building with Restaurant

      Mixed-use property featuring a restaurant and four apartments.
      1112 4Th St, Fulton, IL 61252
      View Details
    • $350,000
      7.00 Acres

      Fulton Commercial Property on Great River Road

      7-acre commercial property with multiple buildings and high traffic.
      23148 Waller Rd, Fulton, IL 61252
      View Details
    • $109,900
      0.04 Acres

      Downtown Fulton Storefront Building

      Updated storefront in downtown Fulton with storage.
      1113 4Th St, Fulton, IL 61252
      View Details
    • $204,900
      2,000 SF

      Fulton Commercial Space - High Visibility

      Prime Fulton location, 2000 sq ft, ideal for various businesses.
      1418 14Th Ave, Fulton, IL 61252
      View Details
    • $345,000
      4,890 SF

      Fulton Commercial Building - Great Potential

      Spacious warehouse, ideal for various uses. Prime Fulton location.
      13th 3Rd St, Fulton, IL 61252
      View Details
    • $109,900
      1,357 SF

      Downtown Fulton Commercial Building

      Prime Fulton location, updated storefront.
      1113 4Th St, Fulton, IL 61252
      View Details

    FAQs

    What type of property is this?
    Bar - Operating bar and restaurant for sale in Fulton, Illinois.
    Where is this bar located?
    The property is located at 6046 Penrose Rd Fulton, IL.
    What is the asking price?
    The asking price for this property is $629,900.
    What are key features of this property?
    This property features: - Fully operating, turn-key bar and restaurant business with existing staff, fixtures, and equipment included in the sale.; - High-visibility highway location on IL-84 in Fulton, Illinois.; - Multiple revenue streams from full kitchen, spacious dining room, large bar, gaming area, and expansive outdoor patio.
    (833) 835-5566
    Request Owner's contact information
    6046 Penrose Rd Fulton, IL 61252
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6046 Penrose Rd
    Fulton, IL 61252
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    6046 Penrose Rd Fulton, IL 61252
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Leatha Melton
    Real Estate License ID: S66855000/475.188175
    (833) 835-5566
    Learn more
    Google sign-in failed. Please try again or use another login method.