106 Main St Tolono, IL 61880-9686
This exceptional business opportunity presents a well-established bar and restaurant located at 106 E. Main Street in Tolono, Illinois, 61880. The property boasts a prime location just minutes from Champaign-Urbana, ensuring high visibility and a strong customer base. Spanning 2,514 square feet across two stories, the building offers ample space for dining, bar service, and entertainment, including dedicated areas for gaming machines and pool tables. Additional storage space is also available. The property sits on a 0.05-acre lot and is zoned for commercial use. Currently operating at 100% occupancy, this turnkey operation has a rich history, having served the community for over 80 years as a local favorite. The adjacent VFW property presents a potential expansion opportunity for the buyer, allowing for increased interior and exterior space. The asking price is $445,000. The property is being sold "as is." This is a rare chance to acquire a thriving business with significant growth potential in a desirable location. The building consists of one unit in one building.
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Jack's Tavern Bar & Pub
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ATM Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.