For Sale
$445,000

106 Main St Tolono, IL 61880

Established Bar & Restaurant, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional business opportunity presents a well-established bar and restaurant located at 106 E. Main Street in Tolono, Illinois, 61880. The property boasts a prime location just minutes from Champaign-Urbana, ensuring high visibility and a strong customer base. Spanning 2,514 square feet across two stories, the building offers ample space for dining, bar service, and entertainment, including dedicated areas for gaming machines and pool tables. Additional storage space is also available. The property sits on a 0.05-acre lot and is zoned for commercial use. Currently operating at 100% occupancy, this turnkey operation has a rich history, having served the community for over 80 years as a local favorite. The adjacent VFW property presents a potential expansion opportunity for the buyer, allowing for increased interior and exterior space. The asking price is $445,000. The property is being sold "as is." This is a rare chance to acquire a thriving business with significant growth potential in a desirable location. The building consists of one unit in one building.

Highlights

  • Established bar and restaurant in Tolono, IL, near Champaign-Urbana.
  • 2,514 sq ft building on a 0.05-acre lot, zoned commercial.
  • Two-story building with space for dining, bar service, and entertainment (gaming, pool tables).
  • Turnkey operation, 100% occupancy, 80+ year history.
  • $445,000 asking price, sold "as is".
  • Potential expansion opportunity adjacent to VFW property.

Property Details for 106 Main St

Property type
Retail properties, Restaurants
Square Feet
2,514 SF
Buildings
1
Stories
2
Lot Size (sq. ft)
2,178 SF
Units
1

Location Insight

City
Tolono
County
Champaign
State
Illinois
Latitude
39.9856902
Longitude
-88.2602816

FAQs

What type of property is this?
Retail property - Established Bar & Restaurant, High Traffic
Where is the retail property located?
The property is located at 106 Main St Tolono, IL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Established bar and restaurant in Tolono, IL, near Champaign-Urbana.; 2,514 sq ft building on a 0.05-acre lot, zoned commercial.; Two-story building with space for dining, bar service, and entertainment (gaming, pool tables).
How can I contact the broker?
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106 Main St
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