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    602 Main St Columbia, IL 62236

    For Sale
    $650,000

    Turn-key bar & restaurant, established business

    Property size:
    4,407 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 4,407-square-foot, turn-key bar and restaurant is located at 602 North Main Street in Columbia, Illinois, within the C-2 General Business District. Built in 2003, this freestanding property sits on a 0.39-acre lot (APN: 04-16-436-002 & 003) and offers ample off-street parking. The sale includes all furniture, fixtures, and equipment. The business boasts seating for over 100 patrons, plus an outdoor patio. A key feature is its Illinois Gaming approval for six machines, adding a significant revenue stream. The property also includes a fully equipped kitchen with walk-in cooler and freezer, and two bars. A second-story, two-bedroom apartment provides additional income potential. This well-established (30+ years) business presents a unique opportunity for a buyer seeking an immediate return on investment. The asking price is $650,000 ($147.49/sq ft).

    Property Features for 602 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    4,407 SF
    Lot Size
    16,988 SF

    Building Details

    Year Built
    2003

    HighLights

    • $650,000 asking price for a 4,407 SF retail property.
    • Turn‑key bar and restaurant with all FF&E included.
    • Located on Main Street in historic downtown Columbia, IL.
    • Illinois Gaming approved with six machines.
    • Features off‑street parking and seating for over 100, plus an outdoor patio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tiny's Pub & Grill Bar

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Monroe
    State
    Illinois
    Longitude
    -90.2037698
    Latitude
    38.4474763

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    FAQs

    What type of property is this?
    Restaurant - Turn-key bar & restaurant, established business
    Where is this restaurant located?
    The property is located at 602 Main St Columbia, IL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: $650,000 asking price for a 4,407 SF retail property.; Turn-key bar and restaurant with all FF&E included.; Located on Main Street in historic downtown Columbia, IL.
    Request Owner's contact information
    602 Main St Columbia, IL 62236
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    Columbia, IL 62236
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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
    602 Main St Columbia, IL 62236
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