For Sale
$249,900

109 Sangamon St Lincoln, IL 62656

Established eatery with apartment income.

Overview

Added:
Feb 3
Days on market:
84
This exceptional opportunity presents the chance to acquire The Blue Dog, a beloved Lincoln, IL restaurant operating since 1979. Boasting 7,832 square feet, this turnkey establishment includes all equipment and furnishings (excluding personal items). Significant improvements exceeding $50,000 were completed within the past year, enhancing its operational efficiency and appeal. These upgrades include a new salad bar, 8-tap kegerator, 6-foot flame grill with integrated meat refrigerator, two soda stations with ice bins, five additional booths, a new deep fryer, bar refrigerator, a triple-door kitchen refrigerator, and a 30-quart floor-standing commercial mixer. The restaurant's seating capacity expanded in 2012 from 70 to 110, reflecting its popularity within the Lincoln/Logan County community. Convenient off-street parking is available, along with a full basement, rear carport, and substantial overhead second-floor storage/workspace. Adding to the investment potential, a two-bedroom apartment (located at 113 1/2 S. Sangamon Street, Lincoln) is included, currently generating $700 per month in rental income. This well-priced property offers a unique blend of established business and rental income, making it an attractive investment for discerning buyers. The property is priced at $249,900.

Property Details for 109 Sangamon St

Property type
Commercial real estate
Square Feet
7,832 SF
Year Built
1880

Location Insight

City
Lincoln
County
Logan
State
Illinois
Latitude
40.14782
Longitude
-89.36479

FAQs

What type of property is this?
Commercial real estate - Established eatery with apartment income.
Where is the commercial real estate located?
The property is located at 109 Sangamon St Lincoln, IL.
What is the asking price?
The asking price for this property is $249,900.
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109 Sangamon St
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