For Sale
$325,000

115 Collins St Mendon, IL 62351

Thriving Restaurant, 3 Apartments, Great Income!

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity in Mendon, Illinois, presents a dynamic commercial property at 115 W Collins Street, zip code 62351. Priced at $325,000, this property combines a successful restaurant and bar operation with three income-generating apartments, offering a diverse revenue stream. The restaurant itself features a spacious dining area perfect for large gatherings, a welcoming wrap-around bar, and a dedicated game room ideal for entertainment and events. Convenient rear parking ensures easy customer access. The three apartments are currently occupied, providing a consistent rental income. The property is classified as land and retail, situated in Adams County, Illinois, at latitude 40.0882685 and longitude -91.2842699. This turnkey operation presents a rare chance to acquire an established and profitable business with significant upside potential. The property's location in the heart of Mendon offers excellent visibility and accessibility. This is an ideal opportunity for an investor seeking a diversified portfolio with immediate cash flow and strong growth prospects. Don't miss this chance to own a thriving commercial property with multiple income streams.

Highlights

  • $325,000 asking price.
  • Land and retail property in Mendon, IL.
  • Includes a restaurant and bar with a game room.
  • Features a large dining area and wrap-around bar.
  • Offers ample rear parking.
  • Three occupied apartments provide additional income.

Property Details for 115 Collins St

Property type
Retail properties, Restaurants

Location Insight

City
Mendon
County
Adams
State
Illinois
Latitude
40.0882685
Longitude
-91.2842699

FAQs

What type of property is this?
Retail property - Thriving Restaurant, 3 Apartments, Great Income!
Where is the retail property located?
The property is located at 115 Collins St Mendon, 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: $325,000 asking price.; Land and retail property in Mendon, IL.; Includes a restaurant and bar with a game room.
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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115 Collins St
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