Building Details

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Listing Agency: Keller Williams Realty - Champaign s***@littlefieldhomes.com Show Phone

Listed By: Steve Littlefield · License #475.138856

Source: Crexi

Added: Aug 22, 2023 Changed: Aug 8 Last Checked: Aug 10 at 9:55AM

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Investment Insights

Based on property information with market context.

The Corn Crib in Newman presents a business opportunity with seller financing available. This local bar and grill has been updated and well-maintained. Recent renovations and updates include a new roof, new AC/furnace, an updated women's restroom, a new walk-in freezer, a compressor in the septic system, a fryer, a refrigerator, a pool table, a smoker on the patio, a POS system, and an oven (2022). Additional updates include paint throughout the restaurant (2020), an extended patio with concrete, fencing, and landscaping (2019), as well as a complete bar renovation with new flooring, bar/bar top, draft system, beer coolers, updated electrical, an awning, and a camera system (2017). The property size is 3910 square feet. This establishment has a customer base in Newman and surrounding towns.

Key Highlights

• Seller financing available
• Well‑maintained bar & grill with established customer base
• Recent renovations including new roof, AC/furnace, and updated women's restroom

Property Analytics

Property Profile

Current Use

The Corn Crib of Newman Bar & Pub

Suggested Use

Top Pick Auto Repair Shop Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Law Firm Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

67

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 61942, IL

1,146

Population

572

Households

2

Avg Household Size

47

Median Age

19%

College-Educated

96%

High-School Grad

69.9 sq mi

ZIP Area

16

Density / Sq Mi

$74,179

Median Household Income

$44,375

Median Earnings

$789

Median Rent

$109,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Bar & Pub - Well-maintained bar and grill with recent updates and renovations.

Where is this bar & pub located?

The property is located at 107 E Yates St Newman, IL.

What is the asking price?

The asking price for this property is $235,000.

What are key features of this property?

This property features: Seller financing available; Well‑maintained bar & grill with established customer base; Recent renovations including **new roof, AC/furnace, and updated women's restroom**