139 E Walnut St Oglesby, IL 61348

Property Details for 139 E Walnut St

Year built

1906

Lot size

0.14 lot acres

Property size

1,824 SF

Property type

Commercial real estate

APN

18-36-104-027

APU

1836104027

Description

This fully renovated bar and grill, located in downtown Oglesby, Illinois, presents a unique investment opportunity. The 1,824 square foot establishment, built in 1909 and completely renovated in 2024, boasts a custom-built wood bar, a spacious dining area, and a sizable 43x20 foot outdoor patio. The interior features exposed brickwork, refinished hardwood floors, and new cabinetry. The bar area measures 32x18 feet, the dining area is 29x18 feet, and the kitchen, a well-equipped 30x19 foot space, includes three warmers, a glass washer, dishwasher, three-compartment sink, three fryers, a cooktop, two prep tables, a prep cooler with table, three freezer/coolers, and a deep freezer. A brand new HVAC system, grease trap, and beer tapping system are also in place, along with new patio furniture and an awning. Ample street and off-street parking is available. The property sits on a 0.14-acre lot and is zoned B1. The asking price is $290,000, with a price per square foot of $158.99. The property is a single-unit building with one story. This sale includes the property, business, goodwill, and menu. The business generated over $250,000 in revenue in 2023 and is projected to exceed $280,000 in 2024. The current staff includes two full-time and eight part-time employees. The business will remain open during the sale process. Oglesby's strategic location, minutes from Starved Rock State Park and major highways (I-39 and I-80), offers significant tourism-driven potential. City utilities are in place. Assistance will be provided to transfer gaming machines and licensing. The property's address is 139 E Walnut St, Oglesby, IL 61348. The occupancy date is October 18, 2024.