For Sale
$269,900

51 Prairie St Galesburg, IL 61401

Turnkey luxury bar & restaurant, Galesburg IL

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional turnkey bar and restaurant opportunity is located at 51 N Prairie St, Galesburg, IL 61401. The 5,622 square foot, two-story building boasts a luxurious buildout, including a second-story mezzanine and a band platform, perfect for live entertainment. The lower level features a speakeasy-style bar and a fully equipped commercial-grade kitchen. All furniture, fixtures, and equipment (FF&E) are included in the sale price of $269,900 ($48.01/sq ft). Recent upgrades include a new roof, updated plumbing and electrical systems, and a newer HVAC system, eliminating any deferred maintenance concerns. Ample parking is available in an adjacent city-owned lot, eliminating parking lot maintenance expenses for the property owner. This Class B, single-tenancy property is situated within several advantageous zones including the Enterprise Zone, TIF District, SSA, Galesburg Historical District, and HUBZone. The property is zoned B3. This is a rare opportunity to acquire a fully operational, high-quality establishment in a prime Galesburg location. The building consists of one building with two stories.

Highlights

  • $269,900 asking price for this Galesburg, IL retail property.
  • 5,622 square feet on two stories in a Class B building.
  • Single-tenant occupancy with a B3 zoning designation.
  • Includes all furniture, fixtures, and equipment (FF&E).
  • Features a fully equipped commercial kitchen, speakeasy-style bar, and a second-story mezzanine with a band platform.
  • Recent upgrades include a new roof, HVAC system, plumbing, and electrical work.

Property Details for 51 Prairie St

Property type
Retail properties, Restaurants
Square Feet
5,622 SF
Class
B
Buildings
1
Stories
2

Location Insight

City
Galesburg
County
Knox
State
Illinois
Latitude
40.948029559946
Longitude
-90.36726122433

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FAQs

What type of property is this?
Retail property - Turnkey luxury bar & restaurant, Galesburg IL
Where is the retail property located?
The property is located at 51 Prairie St Galesburg, IL.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: $269,900 asking price for this Galesburg, IL retail property.; 5,622 square feet on two stories in a Class B building.; Single-tenant occupancy with a B3 zoning designation.
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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Contacts

Steven Reeves
Steven Reeves
Will Hayes
Will Hayes
Visit Broker Website

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Prairie St
Galesburg, IL 61401

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Prairie St
Galesburg, IL 61401

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

51 Prairie St
  • Steven Reeves
    Steven Reeves
  • Will Hayes
    Will Hayes
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