Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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