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    22461 Il Rte 9 Rd Tremont, IL 61568

    Sponsored
    For Sale
    $350,000

    Turn-key bar/restaurant, great location!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional turn-key bar and restaurant opportunity is located in Tremont, Illinois, at 22461 IL Route 9 Road, zip code 61568. The property, built in 1983, includes a main building on a commercial land parcel. A significant remodel in 2016 updated the main floor, including HVAC, flooring, and two bathrooms. The spacious dining room boasts ceramic tile flooring, with tables, chairs, and booths included in the sale. The large bar area comfortably seats 16 patrons and features a convenient island for storage, plus a walk-in cooler. The well-equipped kitchen includes multiple refrigerators, fryers, ovens, and a grill, all within a climate-controlled environment. A full basement offers substantial potential for future development. Ample parking is available in front of the building. The property's prime location on the west side of Tremont, on IL Route 9, ensures high visibility and accessibility. All contents are included in the sale price of $350,000. The roof was also replaced in 2016. This is a rare opportunity to acquire an established and profitable business in a desirable location. Don't miss out!

    Property Features for 22461 Il Rte 9 Rd

    General Information

    Property type
    Land

    Building Details

    Year Built
    1983
    Buildings
    1

    HighLights

    • $350,000 asking price.
    • 1983‑built commercial land in Tremont, IL.
    • Turn‑key bar/restaurant with 2016 main floor remodel including HVAC and flooring.
    • Includes spacious dining room, large bar seating 16, updated bathrooms, and climate‑controlled kitchen with equipment.
    • Full basement with development potential, ample parking, and prime IL Route 9 location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tremont
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.5021767
    Latitude
    40.5296281

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    FAQs

    What type of property is this?
    Land - Turn-key bar/restaurant, great location!
    Where is this land located?
    The property is located at 22461 Il Rte 9 Rd Tremont, 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: $350,000 asking price.; 1983-built commercial land in Tremont, IL.; Turn-key bar/restaurant with 2016 main floor remodel including HVAC and flooring.
    Request Owner's contact information
    22461 Il Rte 9 Rd Tremont, IL 61568
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    Tremont, IL 61568
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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
    22461 Il Rte 9 Rd Tremont, IL 61568
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