143 Illinois Rte Pocahontas, IL 62275

Property Details for 143 Illinois Rte

Year built

1998

Lot size

4.84 lot acres

Property type

Commercial real estate

Description

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.

Location Insight

City

Pocahontas

County

Bond-IL

State

Illinois

Longitude

-89.5459

Latitude

38.8263