Restaurant and Bar with Banquet
For Sale
$439,900
119 N Lincoln Street, Ransom, IL 60470
The venue includes two bars, banquet space, a commercial kitchen, and an upstairs apartment.
Property SizeContact for details
Days on Market585
Property Features for 119 N Lincoln Street
General Information
Standard status
Active
Property subtype
Commercial/Industrial
Additional Details
Business Included
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$5,913
Amenities
banquet room
Building Details
Buildings
1
Listing Agency:
R.E. Dynamics
(815) 844-4663
Listed By:
Ryan Rich · License #475196183
(815) 867-6848
Source:
Exitrealty
Added: Jan 28, 2025
Changed: Sep 2
Last Checked: Sep 5 at 5:04AM
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
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
Property Profile
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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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 Street 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
