Property summary
This exceptional turnkey bar and restaurant, located at 8 Hodge St in Tilton, Illinois, presents a unique investment opportunity. The 5,250 square foot property, built in 2017 and extensively renovated through 2022, sits on a 1.25-acre lot and boasts a prime location just off I-74's Georgetown exit, benefiting from high visibility and traffic volume on Rt 150 (25,000 cars daily). The establishment includes a full-service commercial kitchen with modern equipment, a spacious dining area, a casino gaming section, and a large (25 x 48 ft) banquet venue with separate access. Additional features include a 9x15 walk-in cooler, a beautiful 1,300 square foot outdoor patio deck with a smoke shack, ample parking (38 spaces), and a prominent 15-foot outdoor street sign. The property is zoned B-3 General Business and is situated within a TIF district/Enterprise Zone, offering potential tax incentives. Currently operating at 100% occupancy, this seven-day-a-week operation serves a diverse menu including hamburgers, smoked brisket, and steak dinners, offering significant potential for revenue growth. The property's strong existing infrastructure and location provide a solid foundation for continued success and expansion. The asking price is $325,000.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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