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309 Walnut St Oglesby, IL 61348

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For Sale
$275,000

Turnkey Restaurant, High Traffic Area, Great Potential

Property size:
5,544 SF

Property Features for 309 Walnut St

General Information

Property type
Mixed-use properties
Square Feet
5,544 SF

Building Details

Year Built
1909

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Listing Contact
Tammy Barry

Listing Agency: Homesmart Realty Group IL Listing Agent: Tammy Barry

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional mixed-use property at 309 E Walnut Street, Oglesby, IL, presents a unique investment opportunity. The 5,544 square foot building is ideally situated on busy Route 178, offering easy access to Interstate 39 (less than 3 miles away) and proximity to Starved Rock State Park, ensuring high visibility and foot traffic. Currently operating as a successful restaurant, the property boasts a spacious layout including a bar area with seating for 15, two separate dining areas perfect for private events, and an inviting outdoor patio. A dedicated gaming section adds to the entertainment options. The fully equipped kitchen and dining areas are ready for immediate operation, with all furnishings and fixtures included in the sale price of $275,000. The building also features a significant advantage: a private parking lot accommodating over 20 vehicles – a rare find in Oglesby. Upstairs, two bedrooms and 1.5 bathrooms offer potential for a rentable living space, further enhancing the property's income potential with the addition of a small kitchenette. This turnkey restaurant presents a lucrative opportunity for aspiring restaurateurs or investors seeking a high-traffic commercial property with substantial growth potential. Don't miss this chance to own a well-established business in a prime Oglesby location.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

ATM Atm Mr. Salsa's, Inc. Restaurant

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Skin Care Clinic

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

Location Insight

  • Map
  • Local Demand
City
Oglesby
County
LaSalle
State
Illinois
Longitude
-89.05571
Latitude
41.29491

FAQs

What type of property is this?
Mixed-use property - Turnkey Restaurant, High Traffic Area, Great Potential
Where is this mixed-use property located?
The property is located at 309 Walnut St Oglesby, IL.
What is the asking price?
The asking price for this property is $275,000.
More about this property
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