For Sale
$249,900

109 Sangamon St Lincoln, IL 62656

Established Restaurant, Turn-Key Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional opportunity presents the chance to acquire a thriving restaurant and adjacent property in Lincoln, Illinois. Located at 109 S Sangamon Street, this well-established eatery, operating since 1979, boasts a loyal customer base and significant recent improvements exceeding $50,000. The restaurant, known as The Blue Dog, has a seating capacity of 110 (expanded in 2012 from 70), and is being sold fully equipped and furnished (excluding personal items). Key features include adjacent off-street parking, a full basement, a rear carport, and valuable overhead second-floor storage/workspace. A significant addition is a recently renovated kitchen featuring a new salad bar, 8-tap kegerator, 6-foot flame grill with integrated refrigerator, two soda stations with ice bins, five new booths, a new deep fryer, bar refrigerator, triple kitchen refrigerator, and a 30-quart floor-standing commercial mixer. Further enhancing the investment potential is a separately rented two-bedroom apartment (113 1/2 S. Sangamon Street) generating $700 monthly rental income. The property is priced at $249,900 and represents a rare chance to own a profitable, turnkey restaurant in a desirable community. Built in 1880, this property combines historical charm with modern upgrades, making it an attractive investment for both seasoned restaurateurs and aspiring entrepreneurs. The property includes land and is zoned for commercial and restaurant use.

Highlights

  • $249,900 asking price.
  • Land and retail property, restaurant subtype.
  • Built in 1880.
  • Located at 109 S Sangamon Street, Lincoln, IL 62656.
  • Established restaurant with over $50,000 in recent improvements.
  • Includes a two-bedroom apartment generating $700/month rent.

Property Details for 109 Sangamon St

Property type
Retail properties, Restaurants
Year Built
1880

Location Insight

City
Lincoln
County
Logan
State
Illinois
Latitude
40.1477976
Longitude
-89.3648692

FAQs

What type of property is this?
Retail property - Established Restaurant, Turn-Key Opportunity
Where is the retail property 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.
What are key features of this property?
This property features: $249,900 asking price.; Land and retail property, restaurant subtype.; Built in 1880.
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109 Sangamon St
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