For Sale
$380,000

143 Illinois Rte Pocahontas, IL 62275

Established Restaurant/Bar with 4.84 Acres

Overview

Added:
Feb 3
Days on market:
78
This thriving Pocahontas, IL commercial property presents a unique investment opportunity. Located on Illinois Route N, this well-established restaurant and bar boasts a prime location with a daily traffic count of 2300 vehicles. Just 20 minutes from Carlyle Lake, the business benefits from significant tourist traffic and a strong local clientele. The current operation includes a full-service restaurant serving food until 8 PM nightly, complemented by live music performances several nights a week. Amenities include a full bar with darts, a pool table, and a jukebox, providing ample entertainment options. An outdoor stage, patio, and bar area cater to larger events and outdoor gatherings. Extensive renovations completed in 2023 encompass kitchen and bar improvements, new equipment throughout, updated flooring in the dining room and bar, two new water heaters, and inspected/updated refrigeration and AC units. The property also includes an additional 4 acres of land behind the building, offering significant potential for future expansion or additional parking to accommodate the outdoor live music events. The high volume of traffic and existing infrastructure make this a turnkey operation with significant upside potential. The property's zoning allows for the addition of gaming machines and lottery sales, presenting further avenues for revenue generation. This is a rare opportunity to acquire a profitable, established business with substantial growth potential in a desirable location.

Property Details for 143 Illinois Rte

Property type
Commercial real estate
Year Built
1998
Lot Size (sq. ft)
210,830 SF

Location Insight

City
Pocahontas
County
Bond-IL
State
Illinois
Latitude
38.82631
Longitude
-89.54594

FAQs

What type of property is this?
Commercial real estate - Established Restaurant/Bar with 4.84 Acres
Where is the commercial real estate located?
The property is located at 143 Illinois Rte Pocahontas, IL.
What is the asking price?
The asking price for this property is $380,000.
How can I contact the broker?
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143 Illinois Rte
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