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



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
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
| Parcel Number | 35-16-400025 | Improvements Assessment | $83,912 (2024) |
| Land Assessment | $2,386 (2024) | Total Assessment | $86,298 (2024) |
PROPERTY TAXES
Parcel Number
35-16-400025
Land Assessment
$2,386 (2024)
Improvements Assessment
$83,912 (2024)
Total Assessment
$86,298 (2024)
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119 N Lincoln St
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