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    415 N Center St Durand, IL 61024

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    For Sale
    $439,000

    Remodeled bar and grill with gaming in downtown Durand.

    Property size:
    1,890 SF
    Lot size:
    0.07 Acres

    Property Features for 415 N Center St

    General Information

    Size
    1,890 SF
    Lot size
    0.07 Acres

    Source: Dickerson Nieman Commercial Agent Bobby Walsh

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

    Overview

    Turnkey Bar & Grill Opportunity

    Eliza's Bar & Grill, located in downtown Durand, presents a turnkey opportunity for an owner/operator seeking immediate positive cash flow. The property, operating successfully since its full remodel in 2023, includes upgrades such as new lighting, flooring, paint, bar coolers, a dishwasher, an ice machine, a liquor cabinet, a grille, two fryers, prep tables, a commercial kitchen refrigerator, stainless shelving, an updated kitchen, a new draft beer system, walk-in cooler upgrades, patio upgrades, a new ADA ramp, a new second water heater, and LED exterior signage. The property is 1890 square feet. Downtown Durand has experienced significant economic development in recent years, with numerous new businesses opening and existing businesses undergoing remodeling. This bar and grill also offers gaming.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Eliza's Bar & Grill Bar & Grill

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop Wholesale Shop Kitchen & Bath

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

    Similar Places Nearby

    Hogs and Hydrants, Eliza's Bar & Grill

    Location Insight

    • Map
    • Local Demand
    City
    Durand
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.331386
    Latitude
    42.4365072

    Nearby Similar for Sale

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      2,958 SF

      Durand Commercial Building - Great Potential

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      View Details

    FAQs

    What type of property is this?
    Bar - Remodeled bar and grill with gaming in downtown Durand.
    Where is this bar located?
    The property is located at 415 N Center St Durand, IL.
    What is the asking price?
    The asking price for this property is $439,000.
    What are key features of this property?
    This property features: - Turnkey operation with positive cash flow from day one.; - Fully remodeled in 2023 with extensive upgrades throughout the bar and kitchen.; - Includes a new draft beer system and walk-in cooler upgrades.
    (773) 551-2366
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    Durand, IL 61024
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    415 N Center St Durand, IL 61024
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