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    5040 N 2Nd St Loves Park, IL 61111

    For Sale
    $699,900

    Thriving English restaurant and bar with a rich history.

    Property size:
    7,102 SF
    Lot size:
    0.34 Acres

    Property Features for 5040 N 2Nd St

    General Information

    Size
    7,102 SF
    Lot size
    0.34 Acres

    Source: Weichert Realtors - Tovar Properties Agent Rion Tovar South

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

    Overview

    Established Restaurant Bar in Loves Park

    This established English restaurant and bar, known as The Original 1929 Mayflower, presents a turnkey opportunity in Loves Park. The well-maintained building blends classic charm with modern upgrades. The main floor accommodates approximately 188 guests, with an additional 45 seats in the upper-level dining room, suitable for private events or overflow dining. An outdoor beer garden is fully equipped for seasonal entertainment and events. The expansive kitchen includes a Hamilton Gaylord Hood System, dumbwaiter, and fully replaced line equipment. Basement storage features a walk-in freezer, walk-in fridge, and dry storage. The building has been thoughtfully maintained with updates that preserve its historic charm while ensuring efficient operation. The property size is 7,102 square feet. This location is suitable for expanding a hospitality portfolio or establishing a flagship location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Hope and Anchor English ... Pub bar Bar

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Rocky's Bar & Grill, Shattered Saloon, Town Hall Lounge Inc, Sips, Mabel's Jackpot

    Location Insight

    • Map
    • Local Demand
    City
    Loves Park
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.05815
    Latitude
    42.303783

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    FAQs

    What type of property is this?
    Bar - Thriving English restaurant and bar with a rich history.
    Where is this bar located?
    The property is located at 5040 N 2Nd St Loves Park, IL.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: - Thriving and profitable established restaurant and bar (The Original 1929 Mayflower) with a long-standing history.; - High seating capacity: **188 on the main floor plus 45 in the upper-level dining room**, suitable for large events.; - Fully equipped, expansive kitchen with updated (2021+/-) line equipment and a Hamilton Gaylord Hood System, ideal for high-volume service.
    (815) 566-5923
    Request Owner's contact information
    5040 N 2Nd St Loves Park, IL 61111
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    Loves Park, IL 61111
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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
    5040 N 2Nd St Loves Park, IL 61111
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