Restaurant and Bar with Banquet
For Sale
$439,900
119 N Lincoln St, Ransom, IL 60470
The venue includes two bars, banquet space, a commercial kitchen, and an upstairs apartment.
Property Size8,280 SF
Price / SF$53.13
Days on Market98
Property Features for 119 N Lincoln St
General Information
Standard status
Active
Size
8,280 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Equipment Included
Yes
Amenities
banquet room
Building Details
Buildings
1
Listing Agency:
R.E. Dynamics
Listed By:
Ryan Rich · License #475196183
(815) 867-6848
Source:
Realtopiare
Added: Jul 16
Changed: Oct 13
Last Checked: Oct 7 at 5:43PM
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 R.E. Dynamics
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Investment Insights
Based on property information with market context.
This restaurant and bar property offers more than 8200 sf of operating space with seating for over 250 people. The layout includes two fully functioning bars, a large commercial kitchen, a short order grill, storage and cooler areas, multiple additional storage rooms, and a separate banquet room. The property is being offered with the established business, and the equipment is used daily and maintained for operation.
An upstairs 2 bed, 1 bath apartment provides additional space for occupancy or rental use. The business has operated at this location for 52 years. The property is near a regularly used National Guard Training facility and a Power Plant, providing nearby sources of activity. Existing facilities accommodate restaurant service, bar operations, catered events, lunch deliveries, business meetings, holiday parties, wedding receptions, and other large gatherings.
An upstairs 2 bed, 1 bath apartment provides additional space for occupancy or rental use. The business has operated at this location for 52 years. The property is near a regularly used National Guard Training facility and a Power Plant, providing nearby sources of activity. Existing facilities accommodate restaurant service, bar operations, catered events, lunch deliveries, business meetings, holiday parties, wedding receptions, and other large gatherings.
Key Highlights
- More than 8200 sf of restaurant and bar space
- Seating for over 250 people
- Two fully functioning bars and a large commercial kitchen
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60470, IL
580
Population
193
Households
3
Avg Household Size
42
Median Age
16%
College-Educated
95%
High-School Grad
42.9 sq mi
ZIP Area
14
Density / Sq Mi
$68,500
Median Household Income
$52,500
Median Earnings
$700
Median Rent
$113,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The venue includes two bars, banquet space, a commercial kitchen, and an upstairs apartment.
Where is this conventional restaurant located?
The property is located at 119 N Lincoln St Ransom, IL.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: More than 8200 sf of restaurant and bar space; Seating for over 250 people; Two fully functioning bars and a large commercial kitchen
