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945 1St St La Salle, IL 61301

Sponsored
For Sale
$180,000

Profitable Mixed-Use Investment

Property size:
2,800 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional mixed-use property in La Salle, Illinois, presents a unique investment opportunity. Located at 945 1st St, this fee-simple offering encompasses a thriving bar and a separate, income-generating two-bedroom, one-bathroom apartment. The main level features a modern bar area (17x40 ft) with sleek stainless steel countertops, a 15x18 ft game room, and a space with potential for kitchen conversion. The upstairs apartment, currently rented for $850/month, boasts a living room, dining room, and kitchen, providing a consistent revenue stream. The property also includes three gaming machines, with potential for expansion to six. Adding to its versatility, an outdoor area (with a separate PIN) is included, offering possibilities for development, such as a beer garden. The total square footage is 2,800, situated on a 4,800 sq ft lot, with two units across two stories. The asking price is $180,000, resulting in a price per square foot of $64.29. The property is currently 100% occupied and offers significant potential for increased revenue and expansion. This is a turnkey operation in a prime location, ready for a new owner to capitalize on its existing success and explore further development opportunities. The property's two parcel numbers are 18-15-416-018 & 18-15-416-019.

Property Features for 945 1St St

General Information

Property type
Individual retail properties
Square Feet
2,800 SF

Building Details

Buildings
1
Stories
2
Units
2

HighLights

  • 945 1st St., Lasalle, IL: Prime location with entertainment and residential income potential.
  • 17' x 40' modern bar with stainless steel countertops.
  • 15' x 18' adjacent game room.
  • Convertible former kitchen space for food service or other uses.
  • Upstairs 2‑bed/1‑bath apartment generating $850/month rental income.
  • Three existing gaming machines, expandable to six.
Property Profile Location Intelligence

Current Use by Public Records

Doc's Pub Bar

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
La Salle
County
LaSalle
State
Illinois
Longitude
-89.0917187
Latitude
41.3286711

FAQs

What type of property is this?
Individual retail property - Profitable Mixed-Use Investment
Where is this individual retail property located?
The property is located at 945 1St St La Salle, IL.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 945 1st St., Lasalle, IL: Prime location with entertainment and residential income potential.; 17' x 40' modern bar with stainless steel countertops.; 15' x 18' adjacent game room.
More about this property
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