401 Limit StLincoln, IL 62656

Property Details for 401 Limit St

Lot size

0.33 AC

Property type

Commercial real estate

APN

08-031-022-70

APU

803102270

Description

This exceptional turnkey bar located at 401 Limit Street in Lincoln, Illinois, presents a unique investment opportunity. Boasting 2,220 square feet of well-maintained space, this establishment is fully equipped and ready for immediate operation. The property includes a dedicated party room, perfect for hosting private events and generating additional revenue streams. This versatile space can accommodate a variety of functions, from small gatherings to larger celebrations. An inviting outdoor area provides ample space for al fresco dining and socializing, enhancing the overall customer experience. Inside, you'll find a wet and dry bar setup, ensuring efficient service, along with two convenient storage areas for inventory and supplies. Modern restrooms are also included. The bar's fresh interior design creates a welcoming and vibrant atmosphere, complemented by a loyal customer base that speaks to its established reputation. This prime location in Lincoln, IL, offers excellent visibility and accessibility, ensuring a steady flow of customers. The combination of a fun atmosphere, practical amenities, and a strong existing clientele provides a solid foundation for continued success and significant growth potential. This is an ideal acquisition for both seasoned bar owners and aspiring entrepreneurs seeking a profitable and established business. The asking price is $350,000.

• Alternative Use

  Use

  Valuation

  Residential

  $4,402,086

  Hospitality

  $4,032,287

  Educational

  $3,354,816

  Medical

  $3,470,193

  Retail

  $5,218,602

Location Insight

City

Lincoln

County

Logan

State

Illinois

Latitude

40.1449

Longitude

-89.3492

CBSA code

30660

CBSA name

LINCOLN, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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