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139 E Walnut St 1,824 SF Retail Building Oglesby, IL 61348 $279,000 ($152.96/SF)
INVESTMENT HIGHLIGHTS
- Fully Renovated Bar & Grill
- Minutes from State Parks
- Outdoor Patio
EXECUTIVE SUMMARY
Located in the heart of Downtown Oglesby this fully renovated restaurant and bar is a fan-favorite. Sit down and enjoy a cold beverage at the custom built wood bar, dine on a tasty menu item made fresh in an impeccable kitchen, or relax on the back patio accessible from the bar area. 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. Ample street parking and adjacent off-street parking spots for staff. Kitchen equipment includes 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. Assistance will be provided to transfer gaming machines and licensing. 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. City utilities. EM payable via certified funds payable to Coldwell Banker Real Estate Group.
Owner is open to a Lease Option!!!
Owner is open to a Lease Option!!!
DATA ROOM Click Here to Access
TAXES & OPERATING EXPENSES (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
1,824 SF
Building Class
C
Year Built
1909
Price
$279,000
Price Per SF
$152.96
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.14 AC
Zoning
B1 - Downtown commercial district
Parking
5 Spaces (2.74 Spaces per 1,000 SF Leased)
Frontage
23’ on E Walnut St
AMENITIES
- Courtyard
- Restaurant
- Security System
- Accent Lighting
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 18-36-104027 | Total Assessment | $33,525 (2024) |
| Land Assessment | $2,086 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $31,439 (2024) | Tax Year | 2023 Payable 2024 |
PROPERTY TAXES
Parcel Number
18-36-104027
Land Assessment
$2,086 (2024)
Improvements Assessment
$31,439 (2024)
Total Assessment
$33,525 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2024
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139 E Walnut St
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