Property summary
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
VerifiedCap rate & NOI
Current use
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Catering Service Take-out & Catering
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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