106 Missouri Ave Sandoval, IL 62882-1025
This established bar and nightclub presents a unique investment opportunity in Sandoval, IL. Boasting a rich 90-year history within the community, this expansive property offers over 4,500 square feet of space and a total occupancy capacity of 175 patrons. The main bar area is complemented by a second bar in a backroom, ideal for private events or smaller gatherings. A dedicated dance floor is perfectly suited for live bands or DJs, ensuring versatile entertainment options. The property also includes a functional kitchen/prep area, a 14' x 16' office for administrative needs, and designated areas for gaming and billiards, enhancing the overall entertainment experience. Conveniently located restrooms are readily accessible for patrons. Further adding to the property's utility is a 14' x 20' outbuilding currently used for storage, providing ample space for inventory or equipment. The property sits on a 0.44-acre lot, offering potential for future expansion or outdoor amenities. Priced at $140,000, this turnkey business presents a compelling opportunity for an entrepreneur seeking a well-established, high-capacity venue with significant historical significance in a thriving community. The property is ready for immediate operation, offering a seamless transition for a new owner.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.