504 Main St, Varna, IL 61375-8900
This exceptional investment opportunity presents a fully stocked, turnkey restaurant with an adjoining bar located at 504 Main Street, Varna, IL. The property, custom remodeled in 2021, boasts 2,424 square feet and offers significant income potential. The restaurant and bar are housed in a single building, but have separate property identification numbers, allowing for individual or combined purchase. The sale includes all fixtures, furniture, and equipment (FF&E), the majority of which were purchased new in 2021. Recent upgrades include updated insulation, plumbing, electrical systems, roof, heating, and cooling, as well as a new walk-in refrigerator (2021). The spacious dining area provides versatility, suitable for private parties, banquets, or live music events. The property's prime location is less than 10 miles from Lake Wildwood, offering additional market access. This multi-functional space presents a rare chance to acquire an established, profitable business with significant upside. A detailed inventory of included equipment and amenities is available. This is a truly remarkable opportunity for a savvy investor seeking a high-return property with multiple income streams. The asking price is $75,000.
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
Similar Nearby for Sale
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.