109 Sangamon St Lincoln, IL 62656

Property Details for 109 Sangamon St

Year built

1880

Property type

Commercial real estate

Description

This exceptional opportunity presents the chance to acquire a thriving restaurant and adjacent property in Lincoln, Illinois. Located at 109 S Sangamon Street, this well-established eatery, operating since 1979, boasts a loyal customer base and significant recent improvements exceeding $50,000. The restaurant, known as The Blue Dog, has a seating capacity of 110 (expanded in 2012 from 70), and is being sold fully equipped and furnished (excluding personal items). Key features include adjacent off-street parking, a full basement, a rear carport, and valuable overhead second-floor storage/workspace. A significant addition is a recently renovated kitchen featuring a new salad bar, 8-tap kegerator, 6-foot flame grill with integrated refrigerator, two soda stations with ice bins, five new booths, a new deep fryer, bar refrigerator, triple kitchen refrigerator, and a 30-quart floor-standing commercial mixer. Further enhancing the investment potential is a separately rented two-bedroom apartment (113 1/2 S. Sangamon Street) generating $700 monthly rental income. The property is priced at $249,900 and represents a rare chance to own a profitable, turnkey restaurant in a desirable community. Built in 1880, this property combines historical charm with modern upgrades, making it an attractive investment for both seasoned restaurateurs and aspiring entrepreneurs. The property includes land and is zoned for commercial and restaurant use.

Location Insight

City

Lincoln

County

Logan

State

Illinois

Longitude

-89.3648692

Latitude

40.1477976