Turn-key Mixed-Use Property with Pub and Income-Producing Apartments
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ESTABLISHED MIXED-USE PROPERTY WITH PUB AND RENTAL INCOME
This exceptional commercial property combines a successful hospitality business with income-producing residential units, offering multiple revenue streams and endless possibilities for growth. Located in high-traffic Kankakee County, this fully operational establishment has been serving the community since 2023.
PROPERTY HIGHLIGHTS
• 3,024 square feet on 0.40-acre lot (17,283 sq ft)
• Commercial kitchen with walk-in cooler, freezers, and full equipment
• Spacious indoor seating plus outdoor entertainment area with stage
• Two fully rented apartments (1-bedroom and 2-bedroom units)
• Ample parking and detached storage building
• New air conditioning system installed 2025
REVENUE STREAMS
The property generates income through both the established pub operations and consistent rental revenue from two occupied residential units. This diversified income approach provides stability and helps offset ownership expenses while maintaining positive cash flow.
INCLUDED EQUIPMENT
Comprehensive inventory of commercial-grade equipment including walk-in cooler, upright freezers, commercial refrigerators, flat-top grill, double deep fryer, pizza/convection oven, prep equipment, tables, chairs, bar seating, multiple televisions, and complete kitchenware. The business is fully equipped and ready for immediate operation.
FLEXIBLE OPPORTUNITIES
While currently operating as a successful pub, the versatile space can accommodate various business concepts including restaurant, café, brewery, event venue, retail, or office space, subject to local zoning requirements.
SUPPORT & TRANSITION
Sellers provide 60 days comprehensive mentorship (30 days on-site, 30 days remote consulting). Established staff willing to remain, complete SOPs included, plus full POS and inventory system training. Seller will facilitate vendor introductions and assist with liquor license transfer process.
FINANCING
Seller financing available. Traditional financing and cash offers considered.
This rare opportunity combines established operations, real estate ownership, and multiple income sources. Perfect for entrepreneurs, investors, or owner-operators seeking a profitable, flexible commercial property. This also could easily be converted to residential for single or multiple family/unit living.
Reason for Sale: Family life changes including retirements and marriages.
This exceptional commercial property combines a successful hospitality business with income-producing residential units, offering multiple revenue streams and endless possibilities for growth. Located in high-traffic Kankakee County, this fully operational establishment has been serving the community since 2023.
PROPERTY HIGHLIGHTS
• 3,024 square feet on 0.40-acre lot (17,283 sq ft)
• Commercial kitchen with walk-in cooler, freezers, and full equipment
• Spacious indoor seating plus outdoor entertainment area with stage
• Two fully rented apartments (1-bedroom and 2-bedroom units)
• Ample parking and detached storage building
• New air conditioning system installed 2025
REVENUE STREAMS
The property generates income through both the established pub operations and consistent rental revenue from two occupied residential units. This diversified income approach provides stability and helps offset ownership expenses while maintaining positive cash flow.
INCLUDED EQUIPMENT
Comprehensive inventory of commercial-grade equipment including walk-in cooler, upright freezers, commercial refrigerators, flat-top grill, double deep fryer, pizza/convection oven, prep equipment, tables, chairs, bar seating, multiple televisions, and complete kitchenware. The business is fully equipped and ready for immediate operation.
FLEXIBLE OPPORTUNITIES
While currently operating as a successful pub, the versatile space can accommodate various business concepts including restaurant, café, brewery, event venue, retail, or office space, subject to local zoning requirements.
SUPPORT & TRANSITION
Sellers provide 60 days comprehensive mentorship (30 days on-site, 30 days remote consulting). Established staff willing to remain, complete SOPs included, plus full POS and inventory system training. Seller will facilitate vendor introductions and assist with liquor license transfer process.
FINANCING
Seller financing available. Traditional financing and cash offers considered.
This rare opportunity combines established operations, real estate ownership, and multiple income sources. Perfect for entrepreneurs, investors, or owner-operators seeking a profitable, flexible commercial property. This also could easily be converted to residential for single or multiple family/unit living.
Reason for Sale: Family life changes including retirements and marriages.
About the Business
- Years in Operation
- 3
- Employees
- 5 Part-time
Dedicated employees willing to stay on to ensure a smooth transition. - Facilities & Assets
- The property benefits from prominent exposure along Illinois Route 17 with approximately 6,450 vehicles per day, based on the 2025 IDOT Annual Average Daily Traffic (AADT) count for the roadway segment serving the property.
The main two-story building contains approximately 3,024 square feet on approximately 0.40 acre and features an established bar/tavern/lounge configuration with seating for approximately 41-50 guests. The commercial area features a functional kitchen and food-preparation space, bar and service areas, multiple televisions, seating and entertainment areas, giving a future owner an existing hospitality layout to build upon. A gaming/entertainment area is currently present within the establishment. The outdoor space includes a beer garden, stage/entertainment area, porch, rear deck and fenced gathering area, creating excellent possibilities for seasonal gatherings, private events, celebrations, live entertainment and other permitted activities. - Website
- Show Website URL
Real Estate
- Owned or Leased
- Owned
- Included in asking price
About the Sale
- Seller Motivation
- Exciting life changes within our family, including retirements and marriages.
- Transition Support
- The current ownership is committed to a seamless transition and will provide 60 days of comprehensive mentorship and training (on-site for the first 30 days, followed by 30 days of remote/on-call consulting).A highly capable, established staff is willing to stay in place, ensuring operational continuity from day one. The sale includes complete Standard Operating Procedures (SOPs) and full training on our POS and inventory systems. Additionally, the sellers will facilitate introductions to all key vendors and provide guidance through the liquor license transfer process.
The apartments are fully rented providing immediate revenue. - Financing Options
- This sale includes the building and the pub
Listing Info
- ID
- 2527690
- Listing Views
- 6
Listing ID: 2527690 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleIllinois Businesses for SaleIllinois Food & Beverage Businesses for SaleIllinois Bars & Taverns Businesses for Sale
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