1405 4th St
Charleston, IL 61920
Retail Property For Sale

Restaurant/Nightclub with Additional MF Income Turn-key restaurant and night club. The restaurant occupies the west half of the building with a fully operational kitchen and POS system. The restaurant has two levels of dining and a first floor bar. The east half of the building functions as a night club which attracts students at Eastern Illinois University. The total capacity of the building is 476 persons, but could be expanded by increasing the number of exits. The night club is multi-leveled with a dance floor and bar on the first floor and an open lounge and bar on the second floor. Each floor contains an interconnected kitchen which serves both floors. All equipment and furnishings are included in the sale. The restaurant and bar/lounge can be operated separately. Multipoint surveillance system throughout. Newer POS system in the restaurant. Fully operational multi-level kitchen. Five walk-in coolers. Superb location serving EIU students and locals alike. The adjacent 3 Multi-Family residences are included in the sale. 1403 4th St is a 5 unit apartment (4,248 SF) with average rents of $475/Mo. 406 & 408 Buchanan are a 4 bedroom house (1,148 SF) and 6 Bedroom house (1,648 SF) respectively that bring in around $40,000 annually. All of the multi-family residences have a strong rental history. Restaurant can be purchased by itself. Subject properties are located in Charleston, IL in an excellent retail district in the heart of the Eastern Illinois University campus, home to 8,520 Undergrads & Grads & 1,707 Faculty. Site is on Fourth St, ½ block north of Lincoln Ave and just south of Buchanan Ave. Traffic Counts: Lincoln: 23,700-24,500 VPD 4th Street: 5,850-6,550 VPD