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    1112 Madison St South Roxana, IL 62095

    Sponsored
    For Sale
    $350,000

    Established Restaurant/Bar, High Traffic Area

    Property size:
    2,306 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This thriving bar and grill, located at 1112 Madison St, Wood River, IL 62095, presents a unique investment opportunity. The 2,306 square foot property, built in 1950 and extensively renovated in 2020, sits on a 2,306 square foot lot (APN: 18-2-14-01-05-101-002) and is zoned B-2. The business boasts a fully equipped kitchen, inviting outdoor patio, pool table, and gaming machines. A separate, detached building, complete with electricity, provides a designated smoking area. Currently operating Monday-Friday 5 am to 1 am, Saturday 4 pm to 2 am, and Sunday 11 am onwards, the establishment serves breakfast, sandwiches, and daily food specials. Its prime location across from the Phillips 66 Wood River refinery ensures high visibility and consistent customer traffic. Conveniently situated 0.6 miles from I-255 and between Hwy 111 and I-255, directly across from the refinery entrance, this location offers exceptional accessibility. The asking price for this turnkey operation is $350,000. This represents an excellent opportunity for a savvy investor seeking a well-established, profitable business in a high-demand location.

    Property Features for 1112 Madison St

    General Information

    Property type
    Restaurants
    Square Feet
    2,306 SF

    Building Details

    Year Built/Renovated
    1950/2020

    HighLights

    • Turnkey bar and grill in Wood River, IL, asking $350,000.
    • 2,306 sq ft building on a 2,306 sq ft lot (APN: 18‑2‑14‑01‑05‑101‑002), B‑2 zoning.
    • Extensively renovated in 2020.
    • Features a full kitchen, outdoor patio, and gaming machines; separate detached smoking area.
    • High‑traffic location across from Phillips 66 Wood River refinery, near I‑255 and Hwy 111.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sparky's Bar & Grill Bar & Grill

    Suggested Use

    Realty agency Restaurant Building Supply Clothing Store Auto Repair Shop Gym & Fitness Wholesale Shop Hotel & Motel Department Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    South Roxana
    County
    Madison
    State
    Illinois
    Longitude
    -90.0579092
    Latitude
    38.8330114

    Nearby Comparable

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      Established Bar and Grill For Sale

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    Nearby Similar for Sale

    • $875,000
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      View Details

    FAQs

    What type of property is this?
    Restaurant - Established Restaurant/Bar, High Traffic Area
    Where is this restaurant located?
    The property is located at 1112 Madison St South Roxana, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Turnkey bar and grill in Wood River, IL, asking $350,000.; 2,306 sq ft building on a 2,306 sq ft lot (APN: 18-2-14-01-05-101-002), B-2 zoning.; Extensively renovated in 2020.
    Request Owner's contact information
    1112 Madison St South Roxana, IL 62095
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    South Roxana, IL 62095
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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
    1112 Madison St South Roxana, IL 62095
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