Current Use by Public Records
- Retail properties & Spaces
Property Details for 2517 Il-16
- Year built
- 1978
- Lot size
- 0.72 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This vacant, 4,208-square-foot retail property, located at 2517 IL Route 16 in Pana, Illinois, presents a unique investment opportunity. Previously operating as a restaurant and bar, the building features two bars, multiple seating areas, and a fully equipped kitchen, all included in the sale. Situated on a 0.72-acre lot with ample parking for over 40 vehicles (recently graveled), the property boasts a newly replaced roof (2024), a new AC unit, an outdoor fenced patio, and multiple entrances. Its prime location along IL Route 16/Highway 51 ensures high visibility, with a daily traffic count exceeding 6,000 vehicles. The property is zoned C-1, offering flexibility for various uses. The building, constructed in 1978, is a single-story structure. All existing kitchen equipment is included. Highway signage is in place. The property's APN is 11-25-23-101-003-00
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pana
- County
- Christian
- State
- Illinois
- Longitude
- -89.0606
- Latitude
- 39.3901
