Property profile

302 Main St Ladd, IL 61329

OFF-MARKET
Retail properties & Spaces
1,695 SF Built 1900
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1900
Total area 1,695 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

302 Main St Ladd, IL 61329
Ladd metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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