Log In/Sign Up
Your email has been sent.
518 W Main St 3,025 SF 100% Leased Retail Building Kirkland, IL 60146 $339,999 ($112.40/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
OWNER SAYS BRING ALL OFFERS! 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
$339,999
Price Per SF
$112.40
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
1 of 32
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
518 W Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.