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Restaurant with Outdoor Bar
For Sale
$575,000

504 E JACKSON Street, Pana, IL 62557

Commercial Sale, Pana, IL

Property SizeContact for details
Lot Size0.91 Acres
Days on Market47

Property Features for 504 E JACKSON Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning 006
Directions GPS Friendly
Standard status Active
APN 11-25-15-320-004-00
Lot size 0.91 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 6430

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Cooling system Central Air

Amenities

second full-service bar
covered seating
entertainment area
stage
gaming room

Building Details

Floors in Building 1
Flooring type Concrete
Building materials Wood Siding, Brick, Steel Frame
Roof type Metal
Listing Agency: The Real Estate Group, Inc.
Listed By: Andrew Kinney
Added: Sep 8 Changed: Oct 22 Last Checked: Oct 24 at 6:06PM
MLS# CA1046338

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.

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Investment Insights

Based on property information with market context.

This 0.91-acre restaurant property occupies a former ice house restored in 2020. Its interior includes two-story vaulted ceilings, exposed brick, and restaurant and bar areas. A 2021 expansion added a commercial kitchen and a separate gaming room. The building has wood siding, brick, and steel-frame construction, with concrete flooring, forced-air natural gas heat, central air, and a metal roof. Public sewer serves the property.

Outdoor facilities include a second full-service bar, covered seating for 30+, and an entertainment area with a stage. The venue has hosted live music, local performers, private gatherings, and special events. The property is currently operating as a restaurant, bar, and entertainment venue, with parking available on site.

Key Highlights

  • 0.91‑acre restaurant and bar property
  • Former ice house restored in 2020
  • 2021 addition includes a commercial kitchen and dedicated gaming room

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Dental Office Restaurant Auto Parts Store

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

382
Businesses Nearby
Under-served
Demand for This Use

Demographics for 62557, IL

6,841
Population
3,338
Households
2
Avg Household Size
45
Median Age
18%
College-Educated
90%
High-School Grad
116.9 sq mi
ZIP Area
59
Density / Sq Mi
$51,769
Median Household Income
$29,878
Median Earnings
$684
Median Rent
$93,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - A restored former ice house combines restaurant and bar space with a commercial kitchen, gaming room, and outdoor event areas.
Where is this conventional restaurant located?
The property is located at 504 E JACKSON Street Pana, IL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 0.91‑acre restaurant and bar property; Former ice house restored in 2020; 2021 addition includes a commercial kitchen and dedicated gaming room
More about this property
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