504 Main StVarna, IL 61375

  • Commercial real estate
  • 0.08 AC
For Sale
$195,000 View listing

Property Details for 504 Main St

Lot size
0.08 AC
Property type
Commercial real estate
APN
06-28-261-021
APU
628261021

Description

This exceptional investment opportunity presents a fully stocked, turnkey restaurant with an adjoining bar located at 504 Main Street, Varna, IL. The property, custom remodeled in 2021, boasts 2,424 square feet and offers significant income potential. The restaurant and bar are housed in a single building, but have separate property identification numbers, allowing for individual or combined purchase. The sale includes all fixtures, furniture, and equipment (FF&E), the majority of which were purchased new in 2021. Recent upgrades include updated insulation, plumbing, electrical systems, roof, heating, and cooling, as well as a new walk-in refrigerator (2021). The spacious dining area provides versatility, suitable for private parties, banquets, or live music events. The property's prime location is less than 10 miles from Lake Wildwood, offering additional market access. This multi-functional space presents a rare chance to acquire an established, profitable business with significant upside. A detailed inventory of included equipment and amenities is available. This is a truly remarkable opportunity for a savvy investor seeking a high-return property with multiple income streams. The asking price is $75,000.

Location Insight

City
Varna
County
Marshall
State
Illinois
Latitude
41.0363
Longitude
-89.2258
CBSA code
37900
CBSA name
PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$378
$594
$4,236
$4,830
-
$1,782
$12,708
$14,490

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