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    109 Main St Benton, IL 62812

    Sponsored
    For Sale
    $124,000

    Established Bar & Grill, Great Income!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Prime commercial real estate opportunity in Benton, Illinois. This listing presents a well-established bar and grill, "Sandy's Bar and Grill," located in the heart of downtown Benton, just off the square. The asking price is $124,000. The property includes the building situated on land, encompassing a fully operational bar and grill with all kitchen equipment included. A key feature is a separate, state-sanctioned gaming room, adding a significant revenue stream. Further enhancing the investment potential is a spacious three-bedroom apartment located upstairs, currently rented for $900 per month. The owner covers the utilities for this apartment. This turnkey operation offers an excellent chance for immediate income and the opportunity to be your own boss. The property is located at 109 E MAIN Street, Benton, IL 62812. The property type is classified as Land, Office, and Retail. This is a motivated seller situation, presenting a compelling investment opportunity in a thriving downtown location. The property's versatility, combining a successful business with rental income, makes it an attractive proposition for a variety of investors.

    Property Features for 109 Main St

    General Information

    Property type
    Restaurants

    HighLights

    • $124,000 asking price.
    • Land, office, and retail property in Benton, IL.
    • Well‑established bar and grill, Sandy's Bar and Grill, located in downtown Benton.
    • Includes bar and kitchen equipment and a separate gaming room.
    • Features a 3‑bedroom apartment rented for $900/month (owner pays utilities).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Benton
    County
    Franklin
    State
    Illinois
    Longitude
    -88.9194204
    Latitude
    37.9969713

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    FAQs

    What type of property is this?
    Restaurant - Established Bar & Grill, Great Income!
    Where is this restaurant located?
    The property is located at 109 Main St Benton, IL.
    What is the asking price?
    The asking price for this property is $124,000.
    What are key features of this property?
    This property features: $124,000 asking price.; Land, office, and retail property in Benton, IL.; Well-established bar and grill, Sandy's Bar and Grill, located in downtown Benton.
    Request Owner's contact information
    109 Main St Benton, IL 62812
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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
    109 Main St Benton, IL 62812
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