201 Main St, Pearl City, IL 61062
This exceptional turn-key business opportunity presents a thriving bar and restaurant located at 201 S Main St, Pearl City, IL 61062. Priced at $449,000, this 6,138 square foot, two-story building sits on a 4,131 square foot lot and boasts a unique speakeasy lounge. The property is zoned for commercial business use and features a recently renovated interior (within the last 7 years), encompassing a dining room, bar, and kitchen. The second floor, accessible via a separate entrance, offers significant expansion potential. This could be developed into additional dining space, an event venue, an apartment for rental income (e.g., Airbnb), or a completely new business venture. The building's prime location in Pearl City, Illinois, ensures high visibility and accessibility. The asking price of $449,000 translates to $73.15 per square foot, representing a strong value proposition for a well-established and profitable business. This is an owner/user investment opportunity with significant upside potential. Attractive investment terms are available to qualified buyers.
-
Route No. 73 Brew & Chew Restaurant
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
Similar Nearby for Sale
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.