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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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