Two-Story Mixed-Use Bar
New
For Sale
$375,000
501 Sarpy Street, Morrisonville, IL 62546
COMMERCIAL - Morrisonville, IL
Property SizeContact for details
Lot Size0.80 Acres
Days on Market6
Property Features for 501 Sarpy Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Directions
Take IL-48 South toward Morrisonville. Continue into Morrisonville and turn onto Sarpy Street. Follow Sarpy Street through town. The property will be located on right hand side
Standard status
Active
APN
13220811100900
Lot size
0.80 Acres
Taxes and HOA fees
Tax Description
MORRISONVILLE SE 74 LOT 7 BLK 2001-06432 50X74 22-08-A 94-01692 99-06419130395.000
Tax Annual Amount
2777
Legal Description
MORRISONVILLE SE 74 LOT 7 BLK 2001-06432 50X74 22-08-A 94-01692 99-06419130395.000
Utilities
Sewer type
Public Sewer
Heating system
Steam
Cooling system
Multi Units
Building Details
Floors in Building
2
Flooring type
Tile
Building materials
Brick
Listing Agency:
Keller Williams Capital · Keller Williams Realty
(217) 303-8445
Listed By:
Karsen Wagahoff
(217) 820-9460
Added: Aug 6
Last Checked: Aug 11 at 7:06PM
MLS# CA1045650
Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story brick property combines a commercial bar and entertainment operation with residential space above. The main level includes a functioning bar, indoor and outdoor gaming areas, and an outdoor beer garden with seating and event space. A 24-foot shuffleboard table is also part of the improvements.
The upper level contains a three-bedroom apartment with one full bathroom and a laundry room. The property encompasses 0.8 acres and is zoned C-1, with public sewer service. Tile flooring, steam heat, and multiple cooling units are installed. Located at 501 Sarpy Street in Morrisonville, Illinois, the building offers a combined commercial and residential configuration.
The upper level contains a three-bedroom apartment with one full bathroom and a laundry room. The property encompasses 0.8 acres and is zoned C-1, with public sewer service. Tile flooring, steam heat, and multiple cooling units are installed. Located at 501 Sarpy Street in Morrisonville, Illinois, the building offers a combined commercial and residential configuration.
Key Highlights
- Two‑story brick mixed‑use building at 501 Sarpy Street, Morrisonville, IL 62546
- Commercial bar and entertainment space with indoor and outdoor gaming areas
- Outdoor beer garden with seating and event space
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 62546, IL
1,560
Population
647
Households
2.4
Avg Household Size
44
Median Age
15%
College-Educated
95%
High-School Grad
113.1 sq mi
ZIP Area
14
Density / Sq Mi
$88,462
Median Household Income
$46,818
Median Earnings
$680
Median Rent
$121,400
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?
Mixed-use property - Brick construction combines an entertainment venue with an upstairs apartment and outdoor gathering area.
Where is this mixed-use property located?
The property is located at 501 Sarpy Street Morrisonville, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑story brick mixed‑use building at 501 Sarpy Street, Morrisonville, IL 62546; Commercial bar and entertainment space with indoor and outdoor gaming areas; Outdoor beer garden with seating and event space
