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Property profile & analytics
OFF-MARKET
Commercial real estate

507 Main St Versailles, IL 62378

1.26 ac lot
Individually Owned Absentee Owner Free & Clear
Property ID
US28-4594342
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.26 ac (54,886 SF)
APN 10-17-301-003
UPID US28-4594342
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
MARK EDLIN
MARK EDLIN
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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