Established Bar and Grill
For Sale
Contact for pricing
1112 Madison St, Wood River, IL 62095
Bar and grill near Phillips 66 Wood River refinery.
Property Size2,306 SF
Price / SF$151.78
Days on Market700
Property Features for 1112 Madison St
General Information
Standard status
Active
Size
2,306 SF
Property subtype
Retail
Zoning
B-2
Building Details
Year Built
1950
Year Renovated
2020
Listing Agency:
Barbermurphy Group
Listed By:
John Eichenlaub · License #IL 471004100
(618) 570-8344
Source:
Crexi
Added: Nov 15, 2024
Changed: Oct 5
Last Checked: Oct 16 at 9:11AM
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 Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This established bar and grill is located across from the Phillips 66 Wood River refinery. The property, with a size of 2306 square feet, includes a kitchen, an outdoor patio, a pool table, and gaming machines. A separate, detached building is available for smoking, with electric service. The business serves breakfast, sandwiches, and food specials. The location is approximately 0.6 miles from I-255, situated between Hwy 111 and I-255, across from the refinery entrance. The business operates Monday through Friday from 5 a.m. to 1 a.m., Saturday from 4 a.m. to 2 a.m., and Sundays starting at 11 a.m. This property presents a business opportunity.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,349
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,980
$547.0K
Cap Rate 7%
$390,700
$390.7K
Cap Rate 9%
$303,878
$303.9K
Market Conditions
NOI Build-Up for 2,306 SF
Gross rent
$39.3K $17.04/SF
− Vacancy
−$2.8K −$1.23/SF
EGI
$36.5K $15.81/SF
− OpEx
−$9.1K −$3.95/SF
NOI
$27.3K $11.86/SF
Area
Madison County, IL
Vacancy
7.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,980
Cap Rate 7%
$390,700
Cap Rate 9%
$303,878
Alternative Uses
Best Use
Specialty Retail
$390.7K
$341.9K – $455.8K
NOI $27,349 @ 7.0% cap · market cap 7.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$628.5K
$550.0K – $733.3K
NOI $43,998 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62095, IL
11,060
Population
5,186
Households
2.1
Avg Household Size
40
Median Age
16%
College-Educated
94%
High-School Grad
7.1 sq mi
ZIP Area
1,558
Density / Sq Mi
$66,641
Median Household Income
$41,932
Median Earnings
$919
Median Rent
$106,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Chico's Bar and Grill — 575 S 6th St, Wood River, IL 62095
- Martin's Tunes and Eats — 575 S 6th St, Wood River, IL 62095
- Corner Bar — 2 W Ferguson Ave, Wood River, IL 62095
- Nite Train Lounge — 7 W Ferguson Ave, Wood River, IL 62095
- Wood River Eagles Aerie — 74 E Ferguson Ave, Wood River, IL 62095
Frequently Asked Questions
What type of property is this?
Bar & Pub - Bar and grill near Phillips 66 Wood River refinery.
Where is this bar & pub located?
The property is located at 1112 Madison St Wood River, 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.
