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518 W Main St 3,025 SF 100% Leased Retail Building Kirkland, IL 60146 $319,999 ($105.78/SF)
Investment Highlights
- High quality remodel in 2024 including all mechanicals
- New plumbing and electrical
- New HVAC system for first floor
- Outdoor beer garden
Executive Summary
PRICE REDUCED!! A rare opportunity to own a value-add, multi-use property in the heart of downtown Kirkland at an incredible price. Known as The Shady Spot, this building combines multiple revenue streams under one roof, making it a strong investment or owner-operator play.
Property Highlights
Bar & Gaming (VACANT) : Bar and gaming area ready to open. Currently not operating. FF&E may be included. Ask broker for details.
Laundromat: Steady cash flow with a long-standing reputation for reliable, well-maintained machines.
Apartments: Two 2nd-floor residential units offer additional rental income and keep occupancy rates strong. Fully rented.
Outdoor Beer Garden: A shaded, inviting space perfect for events, gatherings, and expanding bar service.
Prime Location: Situated on Main Street with excellent visibility and foot traffic, serving both local residents and visitors.
Investment Summary
Diverse income streams: bar, gaming, laundromat, and residential.
Value-add potential: expand bar/food operations, modernize laundromat, or reconfigure apartments for higher rents.
Established presence in the community with long-term customer loyalty.
This is an exceptional opportunity to acquire a mixed-use property with upside potential in a growing small-town market.
Property Highlights
Bar & Gaming (VACANT) : Bar and gaming area ready to open. Currently not operating. FF&E may be included. Ask broker for details.
Laundromat: Steady cash flow with a long-standing reputation for reliable, well-maintained machines.
Apartments: Two 2nd-floor residential units offer additional rental income and keep occupancy rates strong. Fully rented.
Outdoor Beer Garden: A shaded, inviting space perfect for events, gatherings, and expanding bar service.
Prime Location: Situated on Main Street with excellent visibility and foot traffic, serving both local residents and visitors.
Investment Summary
Diverse income streams: bar, gaming, laundromat, and residential.
Value-add potential: expand bar/food operations, modernize laundromat, or reconfigure apartments for higher rents.
Established presence in the community with long-term customer loyalty.
This is an exceptional opportunity to acquire a mixed-use property with upside potential in a growing small-town market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,025 SF
Year Built/Renovated
1900/2024
Price
$319,999
Price Per SF
$105.78
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.33
Lot Size
0.21 AC
Zoning
B-1 - commerical
Frontage
60’ on Main Street
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- The Shady Spot
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| The Shady Spot | - | - | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $35,520 | |
| Land Assessment | $21,864 | Total Assessment | $57,384 |
Property Taxes
Parcel Numbers
Land Assessment
$21,864
Improvements Assessment
$35,520
Total Assessment
$57,384
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518 W Main St
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