143 Illinois Rte, Pocahontas, IL 62275
This thriving Pocahontas, IL commercial property presents a unique investment opportunity. Located on Illinois Route N, this well-established restaurant and bar boasts a prime location with a daily traffic count of 2300 vehicles. Just 20 minutes from Carlyle Lake, the business benefits from significant tourist traffic and a strong local clientele. The current operation includes a full-service restaurant serving food until 8 PM nightly, complemented by live music performances several nights a week. Amenities include a full bar with darts, a pool table, and a jukebox, providing ample entertainment options. An outdoor stage, patio, and bar area cater to larger events and outdoor gatherings. Extensive renovations completed in 2023 encompass kitchen and bar improvements, new equipment throughout, updated flooring in the dining room and bar, two new water heaters, and inspected/updated refrigeration and AC units. The property also includes an additional 4 acres of land behind the building, offering significant potential for future expansion or additional parking to accommodate the outdoor live music events. The high volume of traffic and existing infrastructure make this a turnkey operation with significant upside potential. The property's zoning allows for the addition of gaming machines and lottery sales, presenting further avenues for revenue generation. This is a rare opportunity to acquire a profitable, established business with substantial growth potential in a desirable location.
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.