3683 Neunert Rd Jacob, IL 62950-2708
This thriving bar and grill, located at 3683 Neunert Road in Jacob, Illinois, presents a unique investment opportunity. Boasting a rich history and loyal customer base, this well-established business is offered at $174,000. Recent renovations have significantly enhanced the property, including updated restrooms, flooring, and a fresh coat of paint throughout. Further enhancing safety and security, a new Halon fire suppression system was installed in August 2023. The annual flood insurance premium is $4,500. All kitchen appliances have been replaced within the last decade, ensuring operational efficiency and minimizing maintenance concerns. The sale includes a substantial 60 x 30 pole barn, providing ample storage space, along with a concrete block storage building. All existing furniture, fixtures, and equipment are included in the sale, encompassing tables, chairs, restaurant equipment, and televisions. Detailed financial records are available upon request with a serious offer, providing potential buyers with comprehensive insights into the business's performance and profitability. This turnkey operation is ready for a new owner to step in and continue its success. The property is classified as General Commercial. The lot size is zero acres.
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.