506 Main StVarna, IL 61375

Property Details for 506 Main St

Lot size

0.07 AC

Property type

Commercial real estate

APN

06-28-261-020

APU

628261020

Description

This exceptional investment opportunity presents a fully stocked, turnkey bar with an adjoining restaurant space in Varna, Illinois. Located at 506 Main Street, this meticulously maintained property boasts 2,626 square feet and underwent a complete custom remodel in 2021. The building features two separate property pin numbers, allowing for the potential purchase of the bar and restaurant individually or together. The sale includes all equipment, supplies, and the existing business, with a detailed inventory available. Major upgrades completed in 2021 include updated insulation, plumbing, electrical systems, roofing, heating, cooling, and a new walk-in refrigerator. The bar itself is a showstopper, featuring a custom-built 40-foot stained and lacquered bar top, state-of-the-art multi-lighting controls, and advanced security and video surveillance systems. Additional highlights include 12-foot ceilings, new tile flooring, a separate gaming room, and ample seating. The dining area offers versatile income potential, ideal for private parties, banquets, and live music events. Less than 10 miles from Lake Wildwood, this property presents a unique opportunity for a high-return investment in a desirable location. All equipment and amenities, primarily purchased in 2021, are included in the sale.

• Alternative Use

  Use

  Valuation

  Residential

  $644,823

  Hospitality

  $590,654

  Educational

  $491,417

  Medical

  $508,318

  Retail

  $764,427

Location Insight

City

Varna

County

Marshall

State

Illinois

Latitude

41.0363

Longitude

-89.2259

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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