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Historic Bar with Side Yard
For Sale
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1701 School Street, Hillsboro, IL 62049

Long-running bar building with an expansive side yard, back patios, and seating in a high-traffic corridor near State Route 16.

Property SizeContact for details
Days on Market120

Property Features for 1701 School Street

General Information

Standard status Active
Property subtype Special Purpose

Site & Location

Traffic Count 3,000 vehicles/day
Road Access Yes

Additional Details

Business Included Yes
Listing Agency: CENTURY 21 Reid Baugher Realty
Listed By: Jennifer Dunn · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 6:17AM

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 CENTURY 21 Reid Baugher Realty

Investment Insights

Based on property information with market context.

This historic bar building has operated as a bar since 1908, and is offered with the building, business, and contents included in the purchase. Inside, the layout includes spacious room that can accommodate live bands and provides space to put in a small kitchen. Outdoors, there is a large side yard, along with back yard patios and seating.

The property is located off State Route 16/School St in a high traffic area. The remarks report a traffic count of over 3,000 cars daily according to IDOT.

Additional terms include that there are some exclusions from what is included. Call your agent for more information.

Key Highlights

  • Bar building operating since 1908; current owners have owned it for 35 years
  • Building, business, and contents included in the purchase price (some exclusions)
  • Located off State Route 16 and School St. in a high‑traffic area

Property Analytics

Current Use

Drapes Lounge Bar & Pub

Suggested Use

Top Pick Restaurant Auto Repair Shop Hair Salon Big Box & Wholesale Store Grocery & Convenience Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

185
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Casey's Shops & Services
6,504 visits/mo 0.1 miles

Demographics for 62049, IL

7,952
Population
2,970
Households
2.7
Avg Household Size
42
Median Age
14%
College-Educated
87%
High-School Grad
82.1 sq mi
ZIP Area
97
Density / Sq Mi
$54,767
Median Household Income
$36,264
Median Earnings
$817
Median Rent
$106,600
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • Hambys Saloon 2110 Miller Ave, Hillsboro, IL 62049
  • Drapes Lounge 1701 School St, Hillsboro, IL 62049
  • Good Times Tavern LLC 2110 Miller Ave, Hillsboro, IL 62049
  • Sammy's Slots 2101 Frey Ave, Hillsboro, IL 62049

Frequently Asked Questions

What type of property is this?
Bar & Pub - Long-running bar building with an expansive side yard, back patios, and seating in a high-traffic corridor near State Route 16.
Where is this bar & pub located?
The property is located at 1701 School Street Hillsboro, IL.
What are key features of this property?
This property features: Bar building operating since 1908; current owners have owned it for 35 years; Building, business, and contents included in the purchase price (some exclusions); Located off State Route 16 and School St. in a high‑traffic area
(217) 532-5322 Call to check price and availability
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