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    Specialty properties

    246 Main St, Ladd, IL 61329

    4,000 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional turnkey business opportunity in Ladd, Illinois, presents a fantastic investment. Located at 246 N Main Street, this 4,000 square foot property boasts a well-established bar and grill, ideally situated for convenient access to I-80. The property includes a main bar area with ample table seating and two public restrooms. A spacious back banquet area, capable of seating approximately 35-40 guests, features a smaller bar area, perfect for overflow seating or private events. The fully equipped kitchen is a chef's dream, featuring three deep fryers, a grill, a four-burner stove and oven, a cooler, a three-sink dishwashing station, and an updated hood and sprinkler system. A walk-in cooler and ample storage space are located in the basement. An unfinished upper level offers potential for expansion or additional development. Currently generating supplemental income from five gaming machines, this property offers a diverse revenue stream. The property is situated near Starved Rock State Park and other state attractions, providing a strong base of potential customers. The asking price for this exceptional commercial property is $175,000. This is a rare opportunity to acquire a thriving business with significant growth potential in a desirable location. Don't miss out!

    Property profile
    Verified
    Property type Specialty properties
    Total area 4,000 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
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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