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504 Main St - 504-506 Main St 5,283 SF Specialty Building Offered at $139,000 in Varna, IL 61375
Investment Highlights
- Extensive Updates and Remodeling in 2021
- Highly Visible Location and Strong Income Potential
- 40-Foot Custom Bar, Dining Area, and Separate Game Room
Executive Summary
Turnkey Investment – Updated Bar & Restaurant with Excellent investment opportunity featuring a fully equipped, turnkey bar and adjoining restaurant space. Extensively remodeled and updated in 2021, this high-yield property consists of two separate parcels (individual PINs), offering the flexibility to operate together or purchase separately.The sale includes all business operations, supplies, and FF&E (mostly purchased new in 2021). The multi-functional building features upgraded insulation, plumbing, electrical systems, roofing,HVAC, and a 2021 walk-in refrigerator.The bar side boasts 12-foot ceilings, new tile flooring, a separate gaming room, and a 40-foot custom stained and lacquered bar top engineered for maximum serving efficiency. Advanced technology stays with the property, including state-of-the-art multi-lighting controls, communication headsets, and a comprehensive video surveillance security system. The versatile dining area provides immediate potential for secondary revenue streams via private parties, banquets, and live entertainment. Located less than 10 miles from Lake Wildwood, this properties offers high visibility and strong income potential.
Property Facts
| Price | $139,000 | Building Size | 5,283 SF |
| Price Per SF | $26.31 | No. Stories | 1 |
| Sale Type | Investment | Year Built/Renovated | 1900/2021 |
| Property Type | Specialty | ||
| Zoning | R-2 | ||
| Price | $139,000 |
| Price Per SF | $26.31 |
| Sale Type | Investment |
| Property Type | Specialty |
| Building Size | 5,283 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1900/2021 |
| Zoning | R-2 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 06-28-261-021 | Improvements Assessment | $4,166 |
| Land Assessment | $900 | Total Assessment | $5,066 |
Property Taxes
Parcel Number
06-28-261-021
Land Assessment
$900
Improvements Assessment
$4,166
Total Assessment
$5,066
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