104 Florence RdPittsfield, IL 62363

Property Details for 104 Florence Rd

Year built

1979

Lot size

15.00 AC

Property size (Sq ft)

4,320 SF

Property type

Retail properties

Property subtype

Bars

APN

5200908

APU

5200908

Description

This exceptional 4,288 square foot restaurant and bar, located at 104 N Florence Road in Pittsfield, Illinois, presents a unique investment opportunity. Situated on a 15-acre lot directly off the Illinois River and Florence Bridge, this established business enjoys a loyal customer base and strong brand recognition in the area. The property features a full-service restaurant and bar, offering lunch and dinner menus, and a spacious covered outdoor patio with a stage, perfect for live entertainment. Two patio heaters and winter enclosure options ensure year-round usability. A substantial parking lot easily accommodates large events, and a sizable shed provides ample storage. The current owner manages daily operations, offering a seamless transition for a new owner. The property also includes land currently used for bean cultivation, offering potential for future development such as cabin sites or camping. A planned adjacent bridge project promises increased accessibility and revenue potential. The existing infrastructure and established clientele provide a solid foundation for continued success, allowing for either continuation of the current business model or implementation of a new concept. This is a rare opportunity to acquire a thriving business with significant growth potential in a desirable riverfront location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,698,995

  6.5%

  $1,568,303

  7%

  $1,456,282

• Comparable approach

  Method

  Valuation

  Relative Method

  $848,704

  Geo Method

  $848,704

• Alternative Use

  Use

  Valuation

  Residential

  $1,322,923

  Hospitality

  $1,211,790

  Educational

  $1,008,195

  Medical

  $1,042,868

  Retail

  $1,568,303

Location Insight

City

Pittsfield

County

Pike

State

Illinois

Latitude

39.6335

Longitude

-90.6108

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.