For Sale
$325,000

8 Hodge St Tilton, IL 61833

Established eatery, gaming, high traffic area.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional turnkey bar and restaurant, located at 8 Hodge St in Tilton, Illinois, presents a unique investment opportunity. The 5,250 square foot property, built in 2017 and extensively renovated through 2022, sits on a 1.25-acre lot and boasts a prime location just off I-74's Georgetown exit, benefiting from high visibility and traffic volume on Rt 150 (25,000 cars daily). The establishment includes a full-service commercial kitchen with modern equipment, a spacious dining area, a casino gaming section, and a large (25 x 48 ft) banquet venue with separate access. Additional features include a 9x15 walk-in cooler, a beautiful 1,300 square foot outdoor patio deck with a smoke shack, ample parking (38 spaces), and a prominent 15-foot outdoor street sign. The property is zoned B-3 General Business and is situated within a TIF district/Enterprise Zone, offering potential tax incentives. Currently operating at 100% occupancy, this seven-day-a-week operation serves a diverse menu including hamburgers, smoked brisket, and steak dinners, offering significant potential for revenue growth. The property's strong existing infrastructure and location provide a solid foundation for continued success and expansion. The asking price is $325,000.

Highlights

  • Excellent I-74 Georgetown exit visibility.
  • Established bar and restaurant with full kitchen and existing staff.
  • High-traffic location on Rt 150, 25,000 cars per day.
  • Significant potential for revenue and profit growth.
  • Situated in a Tax Increment Financing (TIF) and Enterprise Zone.

Property Details for 8 Hodge St

Property type
Retail properties, Restaurants
Square Feet
5,250 SF
Year Built
2017
Buildings
1
Stories
1
Lot Size (sq. ft)
54,450 SF
Units
1

Location Insight

City
Tilton
County
Vermilion
State
Illinois
Latitude
40.0988581
Longitude
-87.6302257

FAQs

What type of property is this?
Retail property - Established eatery, gaming, high traffic area.
Where is the retail property located?
The property is located at 8 Hodge St Tilton, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Excellent I-74 Georgetown exit visibility.; Established bar and restaurant with full kitchen and existing staff.; High-traffic location on Rt 150, 25,000 cars per day.
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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8 Hodge St
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