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Listed by Steven Reed • RE/MAX Traders Unlimited
$ 139,000
Est. payment /mo
Active
504-506 MAIN ST Varna, IL 61375
5,283 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,283 sqft
Price per Sqft $26
MLS Listing ID PA1269488
Annual Tax Amount $742
Tax Year 2025
Property Sub-Type Commercial
Source rmlsa
Property Description
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 property offers high visibility and strong income potential.
Location
State IL
County Marshall
Area Paar Area
Zoning R-2
Direction IL Rt 89 to Varna, Right on Main Street
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Concrete, Tile
Fireplace N
Exterior
View true
Roof Type Membrane
Garage 1
Building
Faces IL Rt 89 to Varna, Right on Main Street
Sewer Septic Tank
Water Municipal/City
Structure Type Brick,Steel Frame,Wood Siding
Others
Tax ID 06-28-261-021