311 Provost Ave, Scales Mound, IL 61075-9625
This exceptional turnkey opportunity presents a fully operational bar and restaurant in Scales Mound, Illinois, listed at $375,000. The 4,500 square foot establishment, housed in a beautifully restored schoolhouse, boasts a prime location between Apple Canyon Lake and The Galena Territory, attracting both local residents and tourists from across the Wisconsin border. The main level features a stunning remodel with hardwood floors, exposed brick, and a custom-built bar. A fully equipped kitchen includes two deep fryers, two pizza ovens, a four-foot flat grill, walk-in cooler and freezer, prep cooler, and three-compartment sink. Behind the bar, two beer coolers are complemented by four additional freezers and an ice machine located downstairs. The lower level provides ample storage. Upstairs, a second floor mirroring the main level's square footage offers office space and two outdoor balconies, ideal for hosting events. Additional attic space allows for expansion or creative use. This unique venue combines historic charm with modern amenities, offering a versatile space with endless potential as a community hub or event destination. The property's strong reputation and loyal customer base ensure a smooth transition for a new owner. This is a truly remarkable opportunity in Jo Daviess County.
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The Old School Saloon 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
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.