For Lease with Option to Buy! Don't miss the opportunity to own the 1853 Historical Gray's Mill Building in Montgomery, IL! Excellent opportunity for a tenant to lease with an option to buy a 12,300 square foot, 4-story with a loft, mixed-use building, located on Fox River in Downtown Montgomery, Illinois. The property is ideal for High-end Restaurant/Bar, Banquet Hall, Brewery, Distillery, Winery, Bed & Breakfast, Retail, Boutique Hotel, Office Building, Mixed-use Development, or Data Center (3 ft thick stone walls, ±1,200 Amps electrical service). It is also a perfect setting for weddings, receptions, banquets and many other uses.
The property is situated on a 52,752 square foot site, accommodating parking for 75 vehicles (including parking lot across the street).
The building is equipped with elevator, full bar and table seating on first floor, dining on second floor, banquet facility on third floor, storage on fourth floor, attic/Loft on fifth floor and numerous restrooms. The property also feat. fully stocked kitchen, walk-in cooler and freezer, custom made rotisserie smoker wood with gas assist (holds five pigs, side smoker for fish - 10 racks with element cover). All existing furniture, fixtures and equipment are included in price. There is an outdoor patio for weddings.
A full renovation on the property was done in 1996 - 1999. It was gutted to its primary structure. Recent renovations were done in 2003, which consisted of attaching an adjacent building called the Pink Cup to Gray’s Mill and converting it into a full kitchen in the upper level. The first floor was converted into storage and kitchen for patio service.
The building is located across from Montgomery Village Hall and in close proximity to Rt. 30, Rt. 34 and I-88. 211 N River St offers a unique chance to own a prime location with excellent visibility in the heart of Downtown Montgomery.
