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    Established Bar and Grill Opportunity Title is generated by Realmo AI

    1112 Madison St, Wood River, IL 62095

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    Bar and grill near Phillips 66 Wood River refinery.

    Type:Retail
    Property size:
    2,306 SF
    Price / SF:
    $151/SF
    Added:
    Nov 15, 2024
    Days on Market:
    564
    Last Refresh:
    May 13 at 8:23 pm

    Property Features for 1112 Madison St

    General Information

    Standard status
    Active
    Size
    2,306 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1950

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    Listing Contact
    John Eichenlaub
    John Eichenlaub

    Listing agent John Eichenlaub License #IL 471004100

    Listing office Barbermurphy Group

    Listing date Nov 15, 2024

    Source Crexi

    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 Barbermurphy Group

    HighLights

    • Established bar and grill business opportunity.
    • Located across from the Phillips 66 Wood River refinery.
    • Includes a kitchen, outdoor patio, pool table, and gaming machines.
    • Features a separate, detached smoking building with electric.
    • Serves breakfast, sandwiches, and food specials.
    • Convenient location: .6 miles from I‑255 and between Hwy 111 and I‑255.

    Overview

    This established bar and grill is located across from the Phillips 66 Wood River refinery. The property, with a size of 2306 square feet, includes a kitchen, an outdoor patio, a pool table, and gaming machines. A separate, detached building is available for smoking, with electric service. The business serves breakfast, sandwiches, and food specials. The location is approximately 0.6 miles from I-255, situated between Hwy 111 and I-255, across from the refinery entrance. The business operates Monday through Friday from 5 a.m. to 1 a.m., Saturday from 4 a.m. to 2 a.m., and Sundays starting at 11 a.m. This property presents a business opportunity.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $39.3k $17.04
    − Vacancy −$2.8k −$1.23
    EGI $36.5k $15.81
    − OpEx −$9.1k −$3.95
    NOI $27.3k $11.86
    2,306 SF · lease $17.04/SF/yr · vacancy 7.20% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $390.7K
    $341.9K – $455.8K (±1% cap)
    NOI $27,349 @ 7.0% cap · market cap 7.81%
    Second Best
    no second resolved use
    Theoretical Best
    Office A
    $628.5K
    $550.0K – $733.3K (±1% cap)
    NOI $43,998 @ 7.0% cap · market cap 12.57%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Similar Places Nearby

    • Chico's Bar and Grill 575 S 6th St, Wood River, IL 62095
    • Martin's Tunes and Eats 575 S 6th St, Wood River, IL 62095
    • Wood River Eagles Aerie 74 E Ferguson Ave, Wood River, IL 62095
    • Corner Bar 2 W Ferguson Ave, Wood River, IL 62095
    • Nite Train Lounge 7 W Ferguson Ave, Wood River, IL 62095

    Map

    City
    Wood River
    County
    Madison
    State
    Illinois
    Longitude
    -90.0969
    Latitude
    38.8622

    FAQs

    What type of property is this?
    Bar & Pub - Bar and grill near Phillips 66 Wood River refinery.
    Where is this bar & pub located?
    The property is located at 1112 Madison St Wood River, 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: Established bar and grill business opportunity.; Located across from the Phillips 66 Wood River refinery.; Includes a kitchen, outdoor patio, pool table, and gaming machines.
    (618) 570-8344 Call to check price and availability
    More about this property
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