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Property profile & analytics
OFF-MARKET
Commercial real estate

246 Main St Ladd, IL 61329

4,000 SF Built 1978
Property ID
Property summary
AI-generated overview

This exceptional turnkey business opportunity is located at 246 N Main Street in Ladd, Illinois, offering convenient access to I-80 and proximity to Starved Rock State Park and other area attractions. The 4,000 square foot building houses a well-established bar and grill, complete with a front bar area featuring bar seating and tables, and two public restrooms. A spacious back banquet area comfortably seats 35-40 guests and includes a smaller, supplemental bar ideal for overflow seating or private events. The fully equipped kitchen boasts three deep fryers, a grill, a four-burner stove, an oven, a cooler, a three-sink dishwashing station, and recently updated hood and sprinkler systems. Ample storage is available in the walk-in cooler located in the basement, along with additional basement storage space. An unfinished upper level presents significant potential for expansion or future development. Currently, the business generates supplemental income through five gaming machines. This property represents a rare chance to acquire a thriving, established business in a desirable location with strong potential for continued growth and profitability. The asking price is $175,000.

Property profile
Verified
Property type Commercial real estate
Year built 1978
Total area 4,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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