302 Main St, Ladd, IL 61329
This 1,695 sq ft, vacant, turnkey bar and restaurant in Ladd, IL, is listed at $90,000 ($53.10/sq ft). Built in 1900, this single-story building features an original Schlitz bar, seating for 72 (10 tables, 50 chairs, 12 bar stools), and 18 taps. The kitchen is fully equipped with two display coolers, soda lines, a flat top, two-burner stove, two ovens, a prep station, two fryers, a steam table, and a commercial refrigerator. Recent upgrades include a new AC unit (2018), roof (2010), and dining hall floor (2018). The sale includes all equipment, inventory, and decorations. A dry basement provides ample storage. Conveniently located near I-80, this property offers a unique opportunity to own a piece of local history and a thriving business. The property is zoned B2 and has an APN of 1809435014. An additional room provides space for overflow dining, dancing, or gaming.
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.