104 Florence Rd, Pittsfield, IL 62363-3131
For Sale
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This exceptional 4,288 square foot restaurant and bar, located at 104 N Florence Road in Pittsfield, Illinois, presents a unique investment opportunity. Situated on a 15-acre lot directly off the Illinois River and Florence Bridge, this established business enjoys a loyal customer base and strong brand recognition in the area. The property features a full-service restaurant and bar, offering lunch and dinner menus, and a spacious covered outdoor patio with a stage, perfect for live entertainment. Two patio heaters and winter enclosure options ensure year-round usability. A substantial parking lot easily accommodates large events, and a sizable shed provides ample storage. The current owner manages daily operations, offering a seamless transition for a new owner. The property also includes land currently used for bean cultivation, offering potential for future development such as cabin sites or camping. A planned adjacent bridge project promises increased accessibility and revenue potential. The existing infrastructure and established clientele provide a solid foundation for continued success, allowing for either continuation of the current business model or implementation of a new concept. This is a rare opportunity to acquire a thriving business with significant growth potential in a desirable riverfront location.
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Riverbank Bar & Pub Restaurant
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.
