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    246 Main St Ladd, IL 61329

    For Sale
    $175,000

    Established Bar & Grill, I-80 Access, High Potential

    Property size:
    4,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional turnkey business opportunity is located at 246 N Main Street in Ladd, Illinois, offering convenient access to I-80 and proximity to Starved Rock State Park and other area attractions. The 4,000 square foot building houses a well-established bar and grill, complete with a front bar area featuring bar seating and tables, and two public restrooms. A spacious back banquet area comfortably seats 35-40 guests and includes a smaller, supplemental bar ideal for overflow seating or private events. The fully equipped kitchen boasts three deep fryers, a grill, a four-burner stove, an oven, a cooler, a three-sink dishwashing station, and recently updated hood and sprinkler systems. Ample storage is available in the walk-in cooler located in the basement, along with additional basement storage space. An unfinished upper level presents significant potential for expansion or future development. Currently, the business generates supplemental income through five gaming machines. This property represents a rare chance to acquire a thriving, established business in a desirable location with strong potential for continued growth and profitability. The asking price is $175,000.

    Property Features for 246 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,000 SF

    Building Details

    Year Built
    1978
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ladd
    County
    Bureau
    State
    Illinois
    Longitude
    -89.21951
    Latitude
    41.38346

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    FAQs

    What type of property is this?
    Commercial real estate - Established Bar & Grill, I-80 Access, High Potential
    Where is this commercial real estate located?
    The property is located at 246 Main St Ladd, IL.
    What is the asking price?
    The asking price for this property is $175,000.
    (815) 223-1088
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    246 Main St Ladd, IL 61329
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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
    246 Main St Ladd, IL 61329
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