8 Hodge St Tilton, IL 61833

Property Details for 8 Hodge St

Year built

2017

Lot size

1.25 lot acres

Property size

5,250 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.

Location Insight

City

Tilton

County

Vermilion

State

Illinois

Longitude

-87.6302

Latitude

40.0989