504 Main St Varna, IL 61375
- Commercial real estate
- 0.08 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 504 Main St
- Lot size
- 0.08 lot acres
- Property type
- Commercial real estate
- APN
- 06-28-261-021
- APU
- 628261021
Description
This exceptional investment opportunity presents a fully stocked, turnkey restaurant with an adjoining bar located at 504 Main Street, Varna, IL. The property, custom remodeled in 2021, boasts 2,424 square feet and offers significant income potential. The restaurant and bar are housed in a single building, but have separate property identification numbers, allowing for individual or combined purchase. The sale includes all fixtures, furniture, and equipment (FF&E), the majority of which were purchased new in 2021. Recent upgrades include updated insulation, plumbing, electrical systems, roof, heating, and cooling, as well as a new walk-in refrigerator (2021). The spacious dining area provides versatility, suitable for private parties, banquets, or live music events. The property's prime location is less than 10 miles from Lake Wildwood, offering additional market access. This multi-functional space presents a rare chance to acquire an established, profitable business with significant upside. A detailed inventory of included equipment and amenities is available. This is a truly remarkable opportunity for a savvy investor seeking a high-return property with multiple income streams. The asking price is $75,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Varna
- County
- Marshall
- State
- Illinois
- Longitude
- -89.2258
- Latitude
- 41.0363
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
