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    OFF-MARKET
    Retail properties & Spaces

    201 Main St, Pearl City, IL 61062

    6,138 SF
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Retail properties & Spaces
    Total area 6,138 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Route No. 73 Brew & Chew Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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