126 Oak Street, Arcola, 61910

REDUCED 12% REDUCED 12% $259,000 - Bus / Bus w/Real Est For Sale

$259,000

Beds
Baths
5,800Sqft
Built
MLS® #: 10446075
Active

Highly profitable restaurant & bar located in the beautiful downtown area of Arcola, IL. This restaurant has been entirely renovated over the past two years. The owner recently put on a new $30,000 roof, renovated lights and plumbing, added new chairs & tables. The kitchen has been renovated with new appliances, hood, and Ansul system. The owner has also added a new $5,700 surveillance system, and new TV's. The restaurant currently has FIVE gaming machines and that will be increasing to SIX. Gaming machine bets are also being raised from $2 to $4 shortly. Gaming aspect of business alone making over $110,000 annually. Restaurant on pace to sell over $500,000 of food & liquor in 2019 in addition to gaming revenue. The business typically has $25,000 to $30,000 of food & liquor in inventory. Business will sell with everything, in addition to FB page, website, and name if desired. Owner relocating to save money on kids out of state tuition & find a more business friendly state.

Additional Information: This property is located in the CCAR-South neighborhood, IL. This bedrooms bus / bus w/real est property is priced at $44.7/sqft.

Price & Status History

Date Details
Status Changed from Price Change to Active
Status Changed from Active to Price Change
Price Reduced from $295,000 to $259,000
Status Changed from New to Active

Essential Information

MLS® #: 10446075
Price: $259,000
Taxes: $2,404
Square Footage: 5,800
Acres: 0.00
Type: Commercial
Sub-Type: Bus / Bus w/Real Est
Status: Active

Community Information

Address: 126 Oak Street
Area: CCAR-South
City: Arcola
State: IL
Zip Code: 61910

Amenities

Parking Spaces: 50

Interior

Heating: Forced Air
Cooling: Central Air, Exhaust Fan/s, Heat Pump
Stories: 1

Exterior

Lot Description: Central Business District

Additional Information

Zoning: COMMR

Listing Details

Listing Office: Coldwell Banker The R.E. Group

Financials

$/SqFt: $45

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Listing information last updated on November 18th, 2019 at 12:21pm CST.