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501 Sarpy St 4,800 SF Retail Building Morrisonville, IL 62546 $375,000 ($78.13/SF)
Executive Summary
Welcome to a unique historic commercial opportunity in the heart of Morrisonville! This two-story building offers a versatile setup with a fully operational bar and entertainment space on the main level, paired with a spacious residential apartment above. The mail level features a well-established bar area with indoor and outdoor gaming opportunities, creating the perfect atmosphere for entertaining patrons year-round. This property is also the home of Illinois' longest shuffle board table at a whopping 24 ft. Then step outside to enjoy the expansive beer garden, offering additional seating and entertainment space for gatherings, events, and community activities. The second story provides a fully functional apartment with 3bedrooms, along with one full bathroom and laundry room. This additional living space offers flexibility for an owner-operator, rental income opportunity, or additional guest accommodations
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,800 SF
Building Class
C
Year Built
1864
Price
$375,000
Price Per SF
$78.13
Tenancy
Single
Building Height
2 Stories
Building FAR
0.34
Lot Size
0.32 AC
Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $30,743 | |
| Land Assessment | $4,631 | Total Assessment | $35,374 |
Property Taxes
Parcel Numbers
Land Assessment
$4,631
Improvements Assessment
$30,743
Total Assessment
$35,374
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501 Sarpy St