507 Main St Versailles, IL 62378
This exceptional opportunity presents the chance to acquire a thriving restaurant and bar situated on Highway 99 in Versailles, Illinois. The property boasts 1.26 acres of land and a spacious 3100 square foot building, recently renovated and in excellent condition. The turnkey operation includes all kitchen equipment, tables, chairs, and other furnishings, ensuring a smooth transition for the new owner. A significant advantage is the inclusion of gaming machines, providing an additional revenue stream (subject to buyer approval to maintain licensing). The layout is cleverly designed with a distinct bar area and restaurant space, allowing for flexible operation as a single entity or for dual business ventures or private events. High-speed fiber internet is available. The property's prime location on a busy highway guarantees high visibility and significant foot traffic, creating a strong foundation for continued success. All equipment is included in the sale price of $250,000, along with a large walk-in cooler and freezer, ideal for high-volume operations. This is a rare opportunity to own an established, profitable business with significant growth potential. Don't miss out on this chance to own a piece of Versailles' vibrant commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.