Established Bar and Grill
1112 Madison St Wood River, IL 62095
1112 Madison St, Wood River, IL, 62095
Contact for pricing
For Sale
Contact for pricing
Bar and grill near Phillips 66 Wood River refinery.
Property Size2,306 SF
Price / SF$151.78
Days on Market610
Property Features for 1112 Madison St
General Information
- Standard status
- Active
- Size
- 2,306 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1950
Listing Agency
Barbermurphy Group
(618) 570-8344
Listed by
John Eichenlaub · License #IL 471004100
Source
Crexi
Added: Nov 15, 2024 Checked: Jul 17 at 9:14 am
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
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.
Local Financial Insights For Specialty 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 | $39.3k | $17.04 |
| − Vacancy | −$2.8k | −$1.23 |
| EGI | $36.5k | $15.81 |
| − OpEx | −$9.1k | −$3.95 |
| NOI | $27.3k | $11.86 |
2,306 SF · lease $17.04/SF/yr · vacancy 7.20% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
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
- Wood River Eagles Aerie — 74 E Ferguson Ave, 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
FAQs
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.
