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    Established Bar and Grill For Sale Title is generated by Realmo AI

    1112 Madison St S, Roxana, IL

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    Established bar and grill near Phillips 66 Wood River refinery.

    Type:RETAIL
    Property size:
    2,306 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $151/SF
    Added:
    Nov 15, 2024
    Days on Market:
    572
    Last Refresh:
    May 19 at 9:29 pm

    Property Features for 1112 Madison St S

    General Information

    Standard status
    Active
    Size
    2,306 SF
    Lot size
    0.24 Acres
    Property subtype
    RETAIL

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    Listing Contact
    John L Eichenlaub

    Listing agent John L Eichenlaub

    Listing office BARBERMurphy

    Listing date Nov 15, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of BARBERMurphy

    HighLights

    • Established bar and grill business opportunity.
    • Located across from the Phillips 66 Wood River refinery.
    • Includes a kitchen, outdoor patio, pool table, and gaming machines.
    • Separate detached smoking building with electric.
    • Serves breakfast, sandwiches, and food specials.
    • Convenient location: .6 miles from I‑255 and between Hwy 111 and I‑255.

    Overview

    This established bar and grill is located across from the Phillips 66 Wood River refinery. The property includes a 2,306-square-foot building with a kitchen, an outdoor patio, a pool table, and gaming machines. Additionally, there is a separate detached building designated for smoking, which is equipped with electricity. The business operates with the following hours: Monday through Friday from 5 a.m. to 1 a.m., Saturday from 4 a.m. to 2 a.m., and Sundays opening at 11 a.m. The menu features breakfast, sandwiches, and food specials. The property is situated approximately 0.6 miles from I-255, positioned between Hwy 111 and I-255, and directly across from the refinery entrance, presenting a business opportunity.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $41.5k $18.00
    − Vacancy −$1.1k −$0.47
    EGI $40.4k $17.53
    − OpEx −$12.1k −$5.26
    NOI $28.3k $12.27
    2,306 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $404.3K
    $353.8K – $471.7K (±1% cap)
    NOI $28,300 @ 7.0% cap · market cap 8.09%
    Second Best
    Specialty Retail
    $390.7K
    $341.9K – $455.8K (±1% cap)
    NOI $27,349 @ 7.0% cap · market cap 7.81%
    Theoretical Best
    Office A
    $628.5K
    $550.0K – $733.3K (±1% cap)
    NOI $43,998 @ 7.0% cap · market cap 12.57%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Real Estate Agency Restaurant Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Hotel & Motel Department Store Bar & Pub HVAC Service

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

    Similar Places Nearby

    • Dad's Pub — 417 Roxana Ave, South Roxana, IL 62087
    • Sparky's Bar & Grill — 1112 Madison St, South Roxana, IL 62087
    • Second Last Chance Saloon — 101 Sinclair Ave, South Roxana, IL 62087

    Location Insight

    • Map
    • Local Demand
    City
    Roxana
    County
    Madison
    State
    Illinois
    Longitude
    -90.0689
    Latitude
    38.8327

    FAQs

    What type of property is this?
    Bar & Pub - Established bar and grill near Phillips 66 Wood River refinery.
    Where is this bar & pub located?
    The property is located at 1112 Madison St S Roxana, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Established bar and grill business opportunity.; Located across from the Phillips 66 Wood River refinery.; Includes a kitchen, outdoor patio, pool table, and gaming machines.
    (618) 277-4400 Call to check price and availability
    More about this property
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