506 Main St Varna, IL 61375-8900
This exceptional investment opportunity presents a fully stocked, turnkey bar with an adjoining restaurant space in Varna, Illinois. Located at 506 Main Street, this meticulously maintained property boasts 2,626 square feet and underwent a complete custom remodel in 2021. The building features two separate property pin numbers, allowing for the potential purchase of the bar and restaurant individually or together. The sale includes all equipment, supplies, and the existing business, with a detailed inventory available. Major upgrades completed in 2021 include updated insulation, plumbing, electrical systems, roofing, heating, cooling, and a new walk-in refrigerator. The bar itself is a showstopper, featuring a custom-built 40-foot stained and lacquered bar top, state-of-the-art multi-lighting controls, and advanced security and video surveillance systems. Additional highlights include 12-foot ceilings, new tile flooring, a separate gaming room, and ample seating. The dining area offers versatile income potential, ideal for private parties, banquets, and live music events. Less than 10 miles from Lake Wildwood, this property presents a unique opportunity for a high-return investment in a desirable location. All equipment and amenities, primarily purchased in 2021, are included in the sale.
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Varna Funeral Home Social Service Agency
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.