Bar & Grill with
For Sale
$599,900
3124 Perrysville Rd, Danville, IL 61834
Bar and grill property with seating, refrigeration equipment, and a detached garage.
Property Size3,000 SF
Price / SF$199.97
Days on Market75
Property Features for 3124 Perrysville Rd
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Equipment Included
Yes
Amenities
2 car detached garage
Listing Agency:
RYAN DALLAS REAL ESTATE
Listed By:
Ryan Dallas · License #475143433
(217) 351-4900
Source:
Realtopiare
Added: Jul 25
Changed: Sep 13
Last Checked: Oct 5 at 9:33PM
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 RYAN DALLAS REAL ESTATE
Investment Insights
Based on property information with market context.
This bar and grill property includes seating for over 100 guests along with operating equipment that includes 3 chest freezers, an ice machine, and 2 walk-in coolers. A 2-car detached garage is also part of the property. The HVAC system was replaced in 2022, and the roof was replaced in 2023.
Located at 3124 Perrysville Road in southeast Danville, the property is zoned COMMR. The real estate and business are offered as-is, with the listed equipment and improvements included.
Located at 3124 Perrysville Road in southeast Danville, the property is zoned COMMR. The real estate and business are offered as-is, with the listed equipment and improvements included.
Key Highlights
- Over 100 seats for bar and grill operations
- 3 chest freezers and an ice machine included
- 2 walk‑in coolers on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,911
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$818,220
$818.2K
Cap Rate 7%
$584,443
$584.4K
Cap Rate 9%
$454,567
$454.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$56.9K $18.96/SF
− Vacancy
−$2.3K −$0.78/SF
EGI
$54.5K $18.18/SF
− OpEx
−$13.6K −$4.55/SF
NOI
$40.9K $13.64/SF
Area
Vermilion County, IL
Vacancy
4.10%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$818,220
Cap Rate 7%
$584,443
Cap Rate 9%
$454,567
Alternative Uses
Best Use
Specialty Retail
$584.4K
$511.4K – $681.9K
NOI $40,911 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61834, IL
7,895
Population
2,811
Households
2.8
Avg Household Size
45
Median Age
20%
College-Educated
86%
High-School Grad
106.9 sq mi
ZIP Area
74
Density / Sq Mi
$80,901
Median Household Income
$42,411
Median Earnings
$853
Median Rent
$162,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Moon-Glo — 3124 perrysville rd, danville, il 61834
Frequently Asked Questions
What type of property is this?
Bar & Pub - Bar and grill property with seating, refrigeration equipment, and a detached garage.
Where is this bar & pub located?
The property is located at 3124 Perrysville Rd Danville, IL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Over 100 seats for bar and grill operations; 3 chest freezers and an ice machine included; 2 walk‑in coolers on site
