488 E STATE ROUTE 71, OGLESBY, IL 61354

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488 E State Route 71
Oglesby, IL 61354

Listing courtesy of Berkshire Hathaway Central Illinois Realtors
Listing Agent: Amanda Wycoff

$179,000

Sq. Ft.: N/A
Number of Units: 2
Type: Commercial
Listing #11128793
Location, location, location! An opportunity like this does not come around often! Now is your chance to own a restaurant/bar location that features a fully remodeled apartment in 2020 on the 2nd level, adjacent parking lot AND a fully remodeled (in 2020) and rented home right next door! 3 Parcels total. All equipment for the restaurant remains. Main floor features an oversized bar area (988 sq/ft) with separate entrance. Main dining room (900 sq/ft) with separate entrance. Full kitchen (779 sq/ft) with basement (1257 sq/ft) and lower level office access. Multiple walk-in coolers. 2nd floor 2 BR 1 full bath apartment (566 sq/ft) can be rented or utilized by the owner. Apartment features private exterior entrance with the ability to access the restaurant as well. Adjacent parking lot has abundant parking. Add in the currently rented home (888 sq/ft) which includes all appliances, has been remodeled, resided and more. What an opportunity to have income flowing from the rentals immediately while making the restaurant location YOURS. Located just 6 minutes from the ever so popular Starved Rock State Park and Lodge. Less than 1/4 mile from the Illinois River and with a combined traffic count of just under 10,000 cars daily, this location is prime.
Property Features
Location Information
County: La Salle
MLS Area: Confidential Commercial Listings
Interior Features
Fire Protection: Ansul System, None
Heating: Central Heat/Indiv Controls
Cooling: Central Air
Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
Total Number of Units: 2
Exterior Features
Stories: 1
Electric: Circuit Breakers
Parking Features: Outdoor: 19-30 Spaces
Parking Spaces: 29
Lot Size in Sq. Ft.: 24,829
Dimensions: 24829
Present Use: Other
Zoning: COMMR
Frontage Type: Public Road
Additional Information
Possession: Closing
Property Type: COM
Property SubType: Commercial Sale
Property SubType 2: Mixed Use
Year Built: 1926
Age: Older
Status: Active
Tax Year: 2020
Tax Amount: $4,582.98
Built Before 1978: Yes
Double Wide: No


$ per month
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Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $
Term
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Down Payment
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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MRED LLC data last updated at October 16, 2021 11:27 AM CT
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