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    OFF-MARKET
    Commercial real estate

    920 Kratzinger Hollow Rd, Cobden, IL 62920

    Built 1998
    Property ID
    US28-5066446
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a thriving restaurant and event venue nestled on a spacious lot in Cobden, Illinois. The property boasts two buildings totaling over 10,000 square feet, offering ample space for diverse operations. The main restaurant building encompasses 4400 square feet, featuring a fully equipped kitchen, bar area, and inviting indoor and outdoor dining spaces. The sophisticated décor creates a memorable atmosphere for patrons. A separate 5778 square-foot event venue provides additional revenue streams. This space includes a bar, two bathrooms, a loft area, and expansive outdoor patios. A unique feature is a private bar with exquisite ceramic tile and wood finishes, along with its own bathroom. The property also includes gaming machines, adding another layer of income potential. Built in 1998, this established business is situated on a secluded lot in Union County, offering privacy and potential for future expansion or diversification. The property's location at 920 Kratzinger Hollow Road, Cobden, IL 62920, provides easy access while maintaining a tranquil setting. This turnkey operation presents a rare chance to acquire a well-established and profitable business with significant growth potential. The asking price is $999,999.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1998
    UPID US28-5066446
    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
    Current use
    Occupant on record · Public records
    • Blue Boar Restaurant & Bar Catering Service Take-out & Catering
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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