Move-in Ready Restaurant-Bar-Grill Minutes from Starved Rock!

Asking Price$290,000

Gross Revenue
Not Disclosed

Net Operating IncomeNot Disclosed

FF&ENot Disclosed

Building Sq. Ft.Not Disclosed

Price per Sq. Ft.$159.00

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Move-in Ready Restaurant-Bar-Grill Minutes from Starved Rock!


Asking Price$290,000

Gross Revenue
Not Disclosed

Net Operating IncomeNot Disclosed

FF&ENot Disclosed

Building Sq. Ft.Not Disclosed

Price per Sq. Ft.$159.00


Seller Financing Available
Property Description
PRIME RESTAURANT REAL ESTATE OPPORTUNITY IN DOWNTOWN OGLESBY

This fully renovated restaurant and bar property presents an exceptional commercial real estate investment in the heart of Downtown Oglesby, Illinois. Located just minutes from Starved Rock State Park (3 million annual visitors), this move-in ready establishment offers immediate income potential in a high-traffic tourist destination.

PROPERTY HIGHLIGHTS:
• Total building size: 1,824 square feet at $159 per square foot
• Bar area: 32x18 feet with custom-built wood bar and butcher block back bar
• Dining area: 29x18 feet with refinished hardwood floors
• Commercial kitchen: 30x19 feet with impeccable renovations
• Outdoor patio: 43x20 feet with furniture and awning
• Exposed brickwork and custom glass displays throughout

RECENT IMPROVEMENTS:
• Brand new HVAC system
• New grease trap and beer tapping system
• Fully renovated kitchen with commercial-grade equipment
• Complete interior refinishing

KITCHEN EQUIPMENT INCLUDED:
• 3 warmers, glass wash, dishwasher
• 3-compartment sink
• 3 fryers and 1 cooktop
• 2 prep tables and 1 prep cooler with table
• 3 freezer/coolers and 1 deep freeze

LOCATION ADVANTAGES:
• Minutes from Starved Rock State Park and Matthiessen State Park
• Close proximity to multiple golf courses and sports complexes
• Easy access to I-39 and I-80 corridors
• Ample street parking plus adjacent off-street staff parking
• Full city utilities

FINANCING OPTIONS:
• Conventional financing available
• Seller financing offered
• Cash transactions accepted
• Property available for lease

This turnkey property offers immediate occupancy potential with gaming machine licensing transfer assistance included. The strategic location capitalizes on both local patronage and substantial tourist traffic from nearby state parks and recreational facilities.

Owner selling due to other business ventures.
About the Property
Type
Vacant Commerical Land
Building Status
Established
Facilities & Assets
Custom built wood bar, impeccable kitchen, back patio. The butcher block back bar with new cabinetry, custom glass and bottle wall mounted displays, exposed brickwork, and fully refinished hardwood floors. Bar area is 32x18', dining area is 29x18', patio is 43x20', and kitchen is 30x19'. Brand new HVAC system, grease trap, beer tapping system, and patio furniture with awning. Kitchen equipment: 3 warmers, glass wash, dishwasher, 3-compartment sink, 3 fryers, 1 cooktop, 2 prep tables, 1 prep cooler with table, 3 freezer/coolers and 1 deep freeze.
Location Description
Located in the heart of Downtown Oglesby this fully renovated restaurant and bar is a fan-favorite. Oglesby is minutes from Starved Rock State Park (~3M visitors per year), Matthiessen State Park, multiple golf courses, multiple softball and baseball field complexes, and minutes to I-39 and I-80. Ample street parking and adjacent off-street parking spots for staff.
Current and Prior Use
Restaurant and Bar
About the Sale
Furniture, Fixings and Equipment
Included in Asking Price
Financing
Conventional, Seller financing, Cash, Available for Lease
Current Property Expenses
Assistance will be provided to transfer gaming machines and licensing. Full city utilities.
Listing Info
ID:
2416585
Listing Views:
Business Location

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Property Listed by: Leah Erickson

Listing ID: 2416585 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.