313 Main StBelleville, IL 62220

This exceptional 6,000 square foot bar located at 313 E Main St, Belleville, IL 62220, is available for purchase at $599,000. Built in 2005, this thriving establishment boasts a 100% occupancy rate and a strong net operating income (NOI) of $100,000, translating to a compelling 16.69% cap rate and a price per square foot of $99.83. The property has enjoyed consistent success for two decades, playing a significant role in the revitalization of Belleville's downtown entertainment district. The current owners, preparing for retirement after a 20-year run, are highly motivated sellers. The bar features a large patio, ideal for events and parties, and has proven resilient, weathering economic downturns and a global pandemic. This turnkey opportunity presents a unique chance to acquire a well-established business with a loyal customer base in a vibrant and growing community. The sale includes the existing business and all its assets. The property is offered as-is. This is an exceptional investment opportunity for a buyer seeking a high-performing commercial property with significant upside potential in a desirable location. The sale is contingent upon the successful completion of a one-year lease agreement, ending March 31, 2025.