1106 Western Ave Henry, IL 61537
This exceptional opportunity presents the chance to acquire a thriving restaurant and bar in Henry, Illinois. Located on a 0.65-acre lot at 1106 Western Ave, this well-established business boasts a loyal customer base, thanks to its popular Thursday night chicken wings and renowned banquet services. Situated along busy Route 29, near the intersection of IL Route 18/29, this property benefits from high visibility and convenient access for both local and traveling patrons. The spacious building includes a large parking lot, an outdoor patio, and a unique banquet area housed in a converted bowling alley, retaining the original lanes. Additional revenue streams are generated by popular gaming machines. The property also features a garage and dedicated storage area. Real estate taxes are $2,307.88 annually. This turnkey operation is ready for a new owner to continue its success. The asking price is $269,000. This is a rare opportunity to own a profitable and well-regarded business in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.