246 Main St, Ladd, IL 61329
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!
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.