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415 N Center St 1,500 SF 100% Leased Retail Building Durand, IL 61024 $349,000 ($232.67/SF) 14.30% Cap Rate
Investment Highlights
- Turn Key Bar & Grill
- Immediate Cash Flow
- Full Remodel
Executive Summary
Eliza's Bar & Grill, in downtown Durand is a turnkey opportunity for any owner/operator to step into positive cash flow. Eliza's Bar & Grill was fully remodeled in 2023, and has been successfully operating since then. Upgrades include new lighting, flooring, paint, bar coolers, dishwasher, ice machine, liquor cabinet, grille, (2) fryers, prep tables, commercial kitchen refrigerator, stainless shelving, updated kitchen, new draft beer system, walk in cooler upgrades, patio upgrades, new ADA ramp, new 2nd water heater, and LED exterior signage. Downtown Durand has seen a huge boom in economic development in the past few years, with many new businesses opening as well as existing businesses remodeling. Don't miss your opportunity to buy cash flow from the onset, in this turnkey bar & grill with gaming.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
1,500 SF
Building Class
C
Year Built
1898
Price
$349,000
Price Per SF
$232.67
Cap Rate
14.30%
NOI
$49,900
Percent Leased
100%
Building Height
1 Story
Building FAR
0.31
Lot Size
0.11 AC
Zoning
CR - Commercial Retail District
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Eliza's
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Eliza's | Retailer | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 05-10-451-010 | Improvements Assessment | $17,677 |
| Land Assessment | $7,464 | Total Assessment | $25,141 |
Property Taxes
Parcel Number
05-10-451-010
Land Assessment
$7,464
Improvements Assessment
$17,677
Total Assessment
$25,141
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415 N Center St
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