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    107 Yates St Newman, IL 61942

    For Sale
    $299,900

    Established Bar/Restaurant, Great Location

    Property size:
    3,910 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This thriving bar and grill, located at 107 E Yates St in Newman, Illinois, presents a fantastic business opportunity. Boasting 3,910 square feet on a 9,600 square foot lot, this single-story, fully occupied establishment is priced at $299,900 ($76.70/sq ft). Recent renovations include a new roof, AC/furnace, updated women's restroom, walk-in freezer, compressor in septic system, fryer, refrigerator, pool table, patio smoker, POS system, and oven (all in 2022). Previous updates encompass interior painting (2020), an expanded patio with concrete, fencing, and landscaping (2019), and a complete bar renovation featuring new flooring, bar top, draft system, beer coolers, updated electrical, awning, and camera system (2017). The business benefits from a well-established customer base in Newman and surrounding areas, including proximity to Champaign-Urbana and Danville. Seller financing is available. The property is zoned COMM and includes one building with one unit. This turnkey operation is ready for its next owner.

    Property Features for 107 Yates St

    General Information

    Property type
    Restaurants
    Square Feet
    3,910 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $299,900 asking price for this established bar and grill.
    • 3,910 square foot retail building on a 9,600 square foot lot in Newman, IL.
    • 100% occupancy with strong, established customer base.
    • Recent renovations include a new roof, HVAC system, restrooms, walk‑in freezer, and kitchen equipment.
    • Seller financing available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Corn Crib of Newman Bar & Grill

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Food Market Grocery Store Electrical Service Convenience Store Pawn Shop Nursing Home Italian Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Newman
    County
    Douglas
    State
    Illinois
    Longitude
    -87.9838913
    Latitude
    39.7980532

    Nearby Comparable

    • $240,000
      2,173 SF

      Established Restaurant Business Opportunity

      Well-established restaurant for sale with equipment and highway frontage.
      2578 E Us Highway 36, Newman, IL 61942
      View Details
    • Contact for pricing
      65,383 SF

      Redevelopment Opportunity in Newman, Illinois

      65,383 SF warehouse/manufacturing facility on 6.58 acres for sale.
      2475 E Us Highway 36, Newman, IL 61942
      View Details
    • $440,000
      40.00 Acres

      40 Acres of Vacant Land

      Land with woods, hills, creek bottom, and level ground.
      1000 N Co Rd 2150 e, Casey, IL 62420
      View Details

    Nearby Similar for Sale

    • $240,000
      2,173 SF

      Established Restaurant Business Opportunity

      Well-established restaurant for sale with equipment and highway frontage.
      2578 E Us Highway 36, Newman, IL 61942
      View Details
    • Contact for pricing
      65,383 SF

      Redevelopment Opportunity in Newman, Illinois

      65,383 SF warehouse/manufacturing facility on 6.58 acres for sale.
      2475 E Us Highway 36, Newman, IL 61942
      View Details

    FAQs

    What type of property is this?
    Restaurant - Established Bar/Restaurant, Great Location
    Where is this restaurant located?
    The property is located at 107 Yates St Newman, IL.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: $299,900 asking price for this established bar and grill.; 3,910 square foot retail building on a 9,600 square foot lot in Newman, IL.; 100% occupancy with strong, established customer base.
    Request Owner's contact information
    107 Yates St Newman, IL 61942
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    Newman, IL 61942
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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
    107 Yates St Newman, IL 61942
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