201 Main St Pearl City, IL 61062
- Retail properties
- 6,138 SF
Current Use by Public Records
- Route No. 73 Brew & Chew / Hamburger Restaurant / Cocktail Bar
Property Details for 201 Main St
- Property size
- 6,138 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pearl City
- County
- Stephenson
- State
- Illinois
- Longitude
- -89.8263
- Latitude
- 42.2654
