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119 N Lincoln St 8,280 SF Vacant Retail Building Ransom, IL 60470 $439,900 ($53.13/SF)

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INVESTMENT HIGHLIGHTS

  • Over 50 Years in the same location! Beautiful addition to the original bar. Great reputation!
  • Includes a high-quality commercial kitchen, short order grill, ample cooler space, and additional storage.
  • Over 8,200 SF of restaurant/bar space with seating for 250+ guests and 2 full bars.
  • 2-bedroom, 1-bath apartment above the restaurant offers opportunity for owner use or rental income.

EXECUTIVE SUMMARY

In the same location for 52 years, this business boasts over 8200 square feet of restaurant/bar space. Seating for over 250 customers, 2 full bars, 1 large high quality commercial kitchen, a short order grill, ample cooler space and additional storage throughout. All equipment, furniture and bar accessories stay with the business. This business currently operates on a regular weekly schedule. The equipment is well maintained and is fully functional. A separate banquet room is ideal for business meetings, large parties, wedding receptions or any other gathering. In addition to the large downstairs restaurant/bar, the property also includes a 2 bedroom, 1 bathroom apartment upstairs! It can be utilized by the owner or rented for additional income. Make your dream a reality with Jerry's Tap! Call or click today to set up your showing!

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
8,280 SF
Building Class
C
Year Built
1965
Price
$439,900
Price Per SF
$53.13
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.76
Lot Size
0.25 AC
Zoning
CBD - Central Business District

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 3,500-8,280 SF
  • Retail
  • -
  • Now

Owner looking to lease 3500 SF or entire space of 8,280 SF where rent is negotiable. Rent includes all utilities.

Space Size Space Use Position Available
1st Floor 3,500-8,280 SF Retail - Now

1st Floor

Size
3,500-8,280 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 3,500-8,280 SF
Space Use Retail
Position -
Available Now

Owner looking to lease 3500 SF or entire space of 8,280 SF where rent is negotiable. Rent includes all utilities.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
35-16-400025
Land Assessment
$2,386 (2024)
Improvements Assessment
$83,912 (2024)
Total Assessment
$86,298 (2024)
  • Listing ID: 34627905

  • Date on Market: 1/28/2025

  • Last Updated:

  • Address: 119 N Lincoln St, Ransom, IL 60470

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