Bar & Grill For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30004027
Property Subtypes: Tavern/Bar/Nightclub
Building Size (RSF): 3,832 SF
Gross Building Area: See Agent
Sale Price: $575,000
Unit Price: $150.05 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/8/2017

Overview / Comments

GREAT LOCATION WITH HIGH TRAFFIC!

PRICE INCLUDES BUILDING AND BUSINESS WHICH IS THE BAR AREA (SEATS 28), RESTAURANT AREA, BEER GARDEN (SEATS 32), DANCE FLOOR, JD BOOTH, AND KITCHEN. LIST OF EQUIPMENT IS AVAILABLE. VIDEO GAMES, POOL TABLE AND JUKEBOX ARE LEASE.

LOTS OF UPDATES: 2 NEW AIR CONDITIONERS (MAY, 2016), 1 NEW FURNACE (MAY, 2016) AND 1 FURNACE COMPLETELY REBUILD(MAY, 2016); NEW ROOF (2011); NEW BLACKTOP PARKING LOT–45 PARKING AND 12 PARKING SPACES FOR MOTORCYCLES.

2016 TAXES–-$7,275.00

SELLERS WOULD LOOK AT LEASING THE BUILDING AT $4,900 PER MONTH AND WOULD LOOK AT SELLING THE BUSINESS ONLY–- BUYER FOR THE BUSINESS WOULD HAVE OPTION TO BUY OR FIRST RIGHT OF REFUSAL. CALL AGENT FOR DETAILS.

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 08-20-101-018

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,952 41,416 97,274
Median Age: 42.57 38.58 40.84
Households: 1,844 15,763 38,750

Contact

Photograph of Listing Agent

Laura Haynes

GAMBINO REALTORS
ICEx Member
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