127 Main St Joy, IL 61260-7755
This exceptional investment opportunity presents a thriving restaurant and bar situated on a spacious lot in Joy, Illinois (61260), at 127 W MAIN Street. Built in 2000, the property boasts two buildings and includes a substantial parking area. The well-loved establishment has enjoyed consistent local patronage since its opening in 2007. The expansive interior features a variety of spaces, including a large dining room (21.10 x 33.3 ft), a buffet room (24 x 18.8 ft), a banquet room (14.7 x 17.7 ft), a fully equipped kitchen (33 x 8.5 ft), and multiple prep areas (20.3 x 10.7 ft and 19.8 x 9.4 ft). Additional features include a pool table room (29 x 16.6 ft) added in 2014, a bar room (15.5 x 26.7 ft) added in 2010, a 29 x 10 ft patio, and a separate shed. The property also benefits from a 2010 roof update, four furnaces, four AC units (plus a wall unit added in 2010), and a 100-amp kitchen electrical system. Two bathrooms, a furnace room, a hallway, and an electrical closet with heating and cooling are also included. This turnkey operation offers significant potential for continued success and growth. The asking price is $129,900.
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Boon Docks Inc Bar & Pub Restaurant
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
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.