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    101 6Th Ave Andalusia, IL 61232

    Sponsored
    For Sale
    $255,000

    Turnkey Restaurant, Established Business, Illinois

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This thriving Andalusia, Illinois restaurant is offered for sale at $255,000. The property includes the building, business, and all contents, presenting a complete turnkey operation. Situated at 101 W 6TH Avenue, this location boasts a convenient small-town atmosphere, yet is less than 15 minutes from Milan and 20 minutes from Davenport. Recent updates include a new roof (2023), interior repainting and updates (2023), tinted windows (2024), a new security system (2022), a new deck and expanded outdoor seating (2020), and exterior painting (2018). The restaurant features a fully remodeled interior with two new coolers, a new bar and barstools, a new fryer, and a new blower in the hood. The basement provides ample dry storage. The seating capacity is currently 61 inside and 48 outside. All inventory, except a few personal items, is included in the sale. The sellers are willing to assist the new owners for a week post-closing. The property consists of one building situated on land and is classified as commercial and restaurant property. Potential buyers are responsible for verifying all information and assessments. The property is located in Rock Island County, Illinois, zip code 61232.

    Property Features for 101 6Th Ave

    General Information

    Property type
    Restaurants

    Building Details

    Buildings
    1

    HighLights

    • $255,000 asking price.
    • Turnkey restaurant business for sale in Andalusia, IL.
    • Located at 101 W 6TH Avenue, Andalusia, IL 61232.
    • Includes building, business, and all contents.
    • Recent updates include a new roof (2023), interior remodel (2023), and new security system (2022).
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Atm Luebbe’s Bar & Grill Restaurant

    Suggested Use

    Restaurant Law Firm Gym & Fitness Auto Repair Shop Auto Parts Store Bar & Pub Daycare Center Grocery Store Food Market Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Andalusia
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.7103898
    Latitude
    41.4394836

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, Established Business, Illinois
    Where is this restaurant located?
    The property is located at 101 6Th Ave Andalusia, IL.
    What is the asking price?
    The asking price for this property is $255,000.
    What are key features of this property?
    This property features: $255,000 asking price.; Turnkey restaurant business for sale in Andalusia, IL.; Located at 101 W 6TH Avenue, Andalusia, IL 61232.
    Request Owner's contact information
    101 6Th Ave Andalusia, IL 61232
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    Andalusia, IL 61232
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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
    101 6Th Ave Andalusia, IL 61232
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