Property summary
This thriving bar and grill, located at 111 SE Vine Street in Atlanta, Illinois, presents a unique investment opportunity. Situated on Route 66, this established business boasts a loyal clientele and consistent traffic. The 1,400 square foot building underwent significant renovations since 2020, including a complete HVAC system upgrade, extensive interior remodeling, and replacement of major appliances. The property includes a full bar, kitchen, and ample seating to accommodate patrons. Four semi-private gaming machines, licensed through ME Gaming, and several arcade games add to the establishment's appeal. A full, albeit currently unrenovated, second story and a full basement offer significant expansion potential. The business operates Monday through Thursday from 10:00 AM to 12:00 AM, and Friday and Saturday from 10:00 AM to 1:00 AM, remaining closed on Sundays. The current staff includes a full-time cook/bartender and approximately seven part-time, cross-trained bartenders. The sale includes all equipment and fixtures, excluding a few personal decorative items, offering a truly turnkey operation. This is a chance to acquire a well-established business in a desirable location with the potential for continued growth and development. The asking price for this exceptional property is $99,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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