For Sale
$200,000

18 Fort St Farmington, IL 61531

High-Visibility Bar with Apartments

Overview

Added:
Feb 3
Days on market:
79
This exceptional 3,850 square foot commercial property, located at 18 W Fort Street in Farmington, Illinois, presents a unique investment opportunity. The building boasts a prime corner location, ensuring high visibility and significant foot traffic, making it an ideal establishment for a thriving business. Currently configured as a bar, the property's versatile layout and established clientele create a strong foundation for continued success. The property includes two apartments situated above the bar, offering additional income potential. One apartment is currently rented, providing immediate cash flow. A bonus building is also included in the sale, expanding the possibilities for future development or expansion of the existing business. The property's strategic location within a vibrant community guarantees a steady stream of customers. The asking price is $200,000. Furthermore, Tax Increment Financing (TIF) funds are available to assist with potential renovations or improvements, making this an even more attractive investment prospect. This turnkey operation offers a blend of established income and significant upside potential, making it an exceptional opportunity for savvy investors seeking a profitable venture in a desirable location. Don't miss this chance to acquire a thriving business with added income streams and the potential for further growth.

Property Details for 18 Fort St

Property type
Commercial real estate
Square Feet
3,850 SF
Year Built
1800

Location Insight

City
Farmington
County
Fulton
State
Illinois
Latitude
40.69802
Longitude
-90.00597

FAQs

What type of property is this?
Commercial real estate - High-Visibility Bar with Apartments
Where is the commercial real estate located?
The property is located at 18 Fort St Farmington, IL.
What is the asking price?
The asking price for this property is $200,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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18 Fort St
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