For Sale
$275,000

309 Walnut St Oglesby, IL 61348

Turnkey Restaurant, High Traffic Area, Great Potential

Overview

Added:
Feb 3
Days on market:
73
This exceptional mixed-use property at 309 E Walnut Street, Oglesby, IL, presents a unique investment opportunity. The 5,544 square foot building is ideally situated on busy Route 178, offering easy access to Interstate 39 (less than 3 miles away) and proximity to Starved Rock State Park, ensuring high visibility and foot traffic. Currently operating as a successful restaurant, the property boasts a spacious layout including a bar area with seating for 15, two separate dining areas perfect for private events, and an inviting outdoor patio. A dedicated gaming section adds to the entertainment options. The fully equipped kitchen and dining areas are ready for immediate operation, with all furnishings and fixtures included in the sale price of $275,000. The building also features a significant advantage: a private parking lot accommodating over 20 vehicles – a rare find in Oglesby. Upstairs, two bedrooms and 1.5 bathrooms offer potential for a rentable living space, further enhancing the property's income potential with the addition of a small kitchenette. This turnkey restaurant presents a lucrative opportunity for aspiring restaurateurs or investors seeking a high-traffic commercial property with substantial growth potential. Don't miss this chance to own a well-established business in a prime Oglesby location.

Property Details for 309 Walnut St

Property type
Mixed-use properties
Square Feet
5,544 SF
Year Built
1909

Location Insight

City
Oglesby
County
LaSalle
State
Illinois
Latitude
41.29491
Longitude
-89.05571
309 Walnut St, Oglesby, Illinois

FAQs

What type of property is this?
Mixed-use property - Turnkey Restaurant, High Traffic Area, Great Potential
Where is the mixed-use property located?
The property is located at 309 Walnut St Oglesby, IL.
What is the asking price?
The asking price for this property is $275,000.
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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309 Walnut St
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