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    504 Main St Varna, IL 61375

    Sponsored
    For Sale
    $195,000

    Turnkey Restaurant/Bar, Fully Equipped

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional investment opportunity presents two adjacent commercial buildings at 504 & 506 Main Street, Varna, Illinois (61375), totaling a combined space ideal for a restaurant and/or bar operation. Priced at $195,000, this turnkey property boasts immaculate, custom-remodeled interiors, completed in 2021. The sale includes all fixtures, furniture, equipment (FF&E), and the existing business. A comprehensive list of included equipment and amenities is available. Significant upgrades include updated insulation, plumbing, electrical systems, roof, heating, cooling, and a new walk-in refrigerator (2021). The property features two bathrooms with handicap accessibility, an office, and two separate dining areas suitable for private parties, banquets, and live music events. A show-stopping 40-foot stained and lacquered bar is fully equipped for optimal service. Modern amenities include state-of-the-art LED lighting with controls, security and video surveillance systems, and 12-foot ceilings with new tile flooring in the bar area. A dedicated gaming room is also included. The current seating arrangement comfortably accommodates over 130 patrons. The property has hosted numerous live bands and is conveniently located less than 10 minutes from Lake Wildwood. This multi-functional space presents a rare opportunity for a profitable and established business.

    Property Features for 504 Main St

    General Information

    Property type
    Restaurants

    Building Details

    Buildings
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Hair Salon Auto Repair Shop Food Market Grocery Store Storage Facility Pet Store Pet Supply Store Parking Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Varna
    County
    Marshall
    State
    Illinois
    Longitude
    -89.2259008
    Latitude
    41.0362026

    Nearby Comparable

    • $127,500

      Lake Wildwood Lakefront Lot

      Lakefront lot in private recreational lake community near Varna, IL.
      270 Elm Tree Dr, Varna, IL 61375
      View Details
    • Contact for pricing

      Recreational Land Near Lake Wildwood

      Land in private recreational community with lake access and amenities.
      1806 Tanglewood Dr, Varna, IL 61375
      View Details

    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant/Bar, Fully Equipped
    Where is this restaurant located?
    The property is located at 504 Main St Varna, IL.
    What is the asking price?
    The asking price for this property is $195,000.
    Request Owner's contact information
    504 Main St Varna, IL 61375
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    Varna, IL 61375
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    504 Main St Varna, IL 61375
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