3683 Neunert RdJacob, IL 62950

  • Commercial real estate
  • 0.22 AC
For Sale
$174,000 View listing

Property Details for 3683 Neunert Rd

Lot size
0.22 AC
Property type
Commercial real estate
APN
12-27-101-003
APU
1227101003

Description

This thriving bar and grill, located at 3683 Neunert Road in Jacob, Illinois, presents a unique investment opportunity. Boasting a rich history and loyal customer base, this well-established business is offered at $174,000. Recent renovations have significantly enhanced the property, including updated restrooms, flooring, and a fresh coat of paint throughout. Further enhancing safety and security, a new Halon fire suppression system was installed in August 2023. The annual flood insurance premium is $4,500. All kitchen appliances have been replaced within the last decade, ensuring operational efficiency and minimizing maintenance concerns. The sale includes a substantial 60 x 30 pole barn, providing ample storage space, along with a concrete block storage building. All existing furniture, fixtures, and equipment are included in the sale, encompassing tables, chairs, restaurant equipment, and televisions. Detailed financial records are available upon request with a serious offer, providing potential buyers with comprehensive insights into the business's performance and profitability. This turnkey operation is ready for a new owner to step in and continue its success. The property is classified as General Commercial. The lot size is zero acres.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,507,246
    Hospitality
    $2,296,624
    Educational
    $1,910,764
    Medical
    $1,976,478
    Retail
    $2,972,300

Location Insight

City
Jacob
County
Jackson
State
Illinois
Latitude
37.7218
Longitude
-89.5452
CBSA code
16060
CBSA name
CARBONDALE-MARION, 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
$798
$633
$9,929
$10,562
-
$1,899
$29,787
$31,686

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