Property profile

246 Main St Ladd, IL 61329

OFF-MARKET
Specialty properties
4,000 SF
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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

Location

246 Main St Ladd, IL 61329
Ladd metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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