221 Main St Knoxville, IL 61448

Property Details for 221 Main St

Year built

2015

Property type

Commercial real estate

APN

10-28-327-019

APU

1028327019

Description

This exceptional 11,031 square foot commercial property, situated on a 1.28-acre lot at 221 E Main Street in Knoxville, Illinois, presents a unique investment opportunity. The property currently houses a thriving, well-established restaurant renowned for its high-quality food and vibrant atmosphere. The restaurant boasts both indoor and outdoor dining spaces, including a remarkable covered outdoor Sound Garden capable of accommodating over 500 guests – ideal for live music, sporting events, and private functions. The fully equipped commercial kitchen includes a main kitchen, prep kitchen, bar, and ample dining areas, complemented by outdoor smokers. Adding to the investment appeal, two established office tenants generate immediate rental income. The current owners are offering a smooth transition, providing support to new ownership for up to three years. This turnkey operation offers a blend of established revenue streams and significant growth potential. A detailed inventory list is available upon request. This is a rare chance to acquire a well-regarded business and income-producing property in a desirable location. The asking price is $1,000,000.

Location Insight

City

Knoxville

County

Knox

State

Illinois

Longitude

-90.2827

Latitude

40.9084

CBSA code

23660

CBSA name

GALESBURG, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments